Organizations must have a single, immutable, and accurate source of financial information and results. However, many organizations are a prisoner of their past, because acquisitions, the creation of new business units, and other events often result in a number of different financial systems that are hard to integrate and have questionable accuracy. A nationwide human services provider was facing this very problem, with disparate and disconnected legacy systems being a barrier to success. It chose Workday as its new platform.
The organization was facing operational problems created by the complexity resulting from many different, independent financial systems. Some of these legacy systems were more than 20 years old. As a result, there were often inconsistencies in financial reports, and the same query done at different times or using different systems delivered different answers. This seriously impacted decision making.
The business needed a single financial system that could serve all business units and would integrate and incorporate all the information that currently existed in the different systems. The customer also needed a single platform that could deliver a number of new capabilities that a modern business needs in a consistent and dependable fashion.
The decision was made to integrate all the disparate old financial systems into a single, cohesive instance of Workday. To succeed with this initiative, the client needed a strong, skilled, and versatile manager for the project that could spearhead the implementation of this complex global system. The Maverick project manager led a team of over 60 employees and consultants that provided individual contributions that had to be incorporated into the overall solution.
The project required the integration and deployment of the full suite of Workday Financials, including financial accounting, asset management, banking and settlement, budgeting, customer account, supplier accounts, procurement, project accounting, and PRISM. The Maverick project manager was responsible for ensuring that each of these capabilities met the customer’s requirements.
After the system was brought into production, it enabled the client to:
Overall, the speed of business improved. With a single integrated platform, management has more confidence in financial reports and any questions or analysis can be provided much more quickly with less demands on staff.