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Unify finance and HR for better efficiency.

Today’s financial services firms face constant change—driven by increased regulatory reform and scrutiny, disruptive technology, and a battle for talent. These pressures can fundamentally impact the strategic operations of financial institutions and require executives to continually respond to change and reexamine their businesses to achieve top line growth and greater operational efficiencies.

Workday helps financial institutions adapt and thrive by increasing business agility. By connecting talent data to financial results, Workday provides real-time strategic insight and data ownership to financial institutions.

With Workday, financial institutions can unify financials, HR, and payroll to:

  • Improve business agility in the face of change.
  • Staff talent more efficiently.
  • Keep pace with regulatory, compliance, and audit needs.
  • Optimize operating costs.
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Workday Financial Management

Workday Financial Management

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Workday Human Capital Management

Workday Human Capital Management

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Improve business agility in the face of change.
  • Respond to external and internal changes as they happen by quickly modifying hierarchies, business processes, organizational structures, and reporting.
  • Utilize Workday’s modern user experience and mobile capabilities to reduce manual processes and equip employees with next-generation tools.
  • Simplify complexity with a unified suite – HCM, financials, payroll, expenses, and analytics – of enterprise cloud applications, with built in updates and continuous innovation.
Staff talent more efficiently.
  • Identify, find, develop, and retain top performers across sales, management, and revenue-generating positions to gain a competitive edge.
  • Quickly and easily reallocate workers across businesses to take full advantage of skill sets, meet current and future business needs, and address talent gaps.
  • Understand and optimize the balance between contingent and full-time workers in your organization to match the various needs of business units.
Keep pace with regulatory, compliance, and audit needs.
  • Create an agile business that can adapt to the regulatory needs of today and tomorrow with configurable business processes and approvals.
  • Meet Dodd-Frank and SOX requirements effortlessly with Workday’s built in auditability, security model, and data compliance.
  • Take advantage of Workday’s reporting and analytics framework to address new regulatory reporting requirements.
Optimize operating costs.
  • Analyze HCM and financial data in one place to better plan for areas of investment or de-prioritization.
  • Easily evaluate company and employee performance across channels, products, customer segments, and regions and other dimensions.
  • Gain insight into your operational costs and revenue across multiple business lines and make more informed decisions with actionable analytics, available via a browser or mobile devices.
  • Optimize the balance of contingent and full-time workers to achieve the best cost advantage across the entire company.

We're looking to use this unified platform not just to produce reports. We're looking to produce information for proactive decision-making and real-time action.

- Patrick Ryan, Vice President of Financial Services, Sallie Mae.

Workday customers