Challenges

  • Legacy on-premise ERP system had become rigid and complex and was very expensive to maintain
  • Existing system was unable to show a complete picture of the business and measure performance over time
  • Manual processes created inefficiencies and increased administrative burden
  • Lack of unified, comprehensive view of HR and Finance information

Solutions

  • Workday Human Capital Management, Financial Management, Procurement, Expenses, Initiatives, Time Tracking, Cloud Connect for Benefits, Cloud Connect for Third-Party Payroll
  • Unified HCM and Financials provide more actionable and real-time information to business leaders at the point of decision
  • Updates take place automatically three times per year; software is never out of date
  • Self-service and an intuitive user interface empower managers with relevant information to improve decision-making
  • Flexible and fully auditable business process framework makes it easier to meet strict financial controls and compliance regulations

Results

  • A unified system with a richer, more comprehensive financial and operational picture of the business
  • Lower total cost of ownership and greater flexibility to serve the dynamic business with Software-as-a-Service (SaaS) model
  • HR and IT liberated to focus on more strategic initiatives
  • Improved operational efficiencies throughout the global finance organization
  • With Workday handling the systems, Sallie Mae can focus on core competencies of its business

Sallie Mae Case Study Read Now >>

Workday and Sallie Mae Case Study

A Unified, Cloud-Based Business Management Platform Provides Unparalleled Value for a Publicly Traded Company

Financial Management
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