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Workday and Life Time Fitness

Life Time Fitness

"Life Time Fitness is a growing company, and Workday is able to scale their product to our growth."

John Hugo
Senior Vice President & Corporate Controller

Life Time Fitness

Overview

As the Healthy Way of Life Company, Life Time Fitness (NYSE: LTM) helps organizations, communities and individuals achieve their total health objectives, athletic aspirations and fitness goals by engaging in their areas of interest—or discovering new passions—both inside and outside of Life Time’s distinctive and large sports, professional fitness, family recreation and spa destinations, most of which operate 24 hours a day, seven days a week. The Company’s Healthy Way of Life approach enables customers to achieve this by providing the best programs, people and places of uncompromising quality and value. As of March 11, 2015, the Company operated 114 centers under the LIFE TIME FITNESS® and LIFE TIME ATHLETICSM® brands, along with nine former Lifestyle Family Fitness centers, in 32 major markets in the United States and Canada.

Challenges
  • Multiple costly and inefficient applications for 24,000 employees
  • Paper-intensive HR system
  • Slow, expensive payroll system
  • Minimal integration between finance and HR
  • Rapidly changing compliance requirements
  • Overly complex general ledger
  • Lack of scalability needed for a fast-growing company

Solutions

Results
  • One unified platform, reducing costs and providing scalability and flexibility for a high-growth business
  • Easier, more accurate, and more strategic analysis and reporting capabilities
  • Simplified general ledger and more streamlined management of the company’s $2 billion in net assets
  • Elimination of manual tasks in HR and finance operations
  • Reduction in payroll processing time from 48 hours to less than 1 hour
  • Effective talent management for a diverse, tech-savvy workforce
  • Employees and management more empowered to run the business

Infographic

See the infographic to learn more about the benefits Life Time Fitness has experienced with Workday Financial Management and HCM.

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