This is a guest blog post from our partner Workday, highlighting a recent Total Economic Impact Report from Forrester.
Calculating the potential return on investment (ROI) enterprises may realize by deploying a modern planning platform is no simple task—it’s a comprehensive undertaking and a job for the (objective) experts. That’s why we commissioned a Total Economic Impact™ (TEI) study by Forrester Consulting to understand the benefits, costs, and risks associated with deploying Workday Adaptive Planning.
As part of its research, Forrester interviewed five of our customers. Prior to using Workday Adaptive Planning, these interviewees noted how their organizations relied largely on spreadsheets and manual processes for their financial planning and forecasting activities, either because they didn’t have other solutions in place or because their legacy planning solutions were difficult to use. Aggregating, manipulating, reconciling, and reporting on data was time-consuming and error-prone, limiting the depth of analysis the financial planning and analysis (FP&A) team could perform.
For a quick snapshot of the results (and they are significant), check out the Forrester Consulting infographic below. It explores how Workday Adaptive Planning helped the composite organization drive cost optimizations, increased FP&A productivity improvements, and delivered positive ROI, specifically:
- Achieving 249% ROI
- Reaching $2.30 million in net present value (NPV)
- Increasing FP&A productivity up to 20%