Challenge.
Hagerty’s inefficient environment of varied, rigid systems and spreadsheets didn’t have the data consistency to align with its business strategy or scale with its growth targets.
Solution.
With the Workday Enterprise Management Cloud solution, Hagerty consolidated numerous systems into one unified, flexible, and scalable platform for both financials and HR. Efficiency and visibility have soared along with analytical capabilities to improve financial planning.
Benefits and results.
Finance and HR now at the wheel.
Hagerty consolidated 14 systems into 1 unified enterprise management cloud system with its needed functionalities, including a configurable business process framework, always-on audit, and intuitive supervisory capabilities. System ownership moved from IT to finance and HR.
14 to 1
system
8 -> 0
hours to prepare and publish management reports
Process cycle times turbocharged.
Speed and scalability are key to Hagerty’s growth. Finance has cut the time to process customer and supplier invoices as well as to complete settlement runs, cash forecasts, bank reconciliations, and accounting close activities. Comp planning and payroll processing are faster now, too.
$1M
annual savings with new finance and HR efficiencies
8
days cut from monthly closings
Reporting, planning, and analysis shine.
Users have on-demand, real-time access to multidimensional financial and management reports—with drill-down to source. Managers have self-service views of applicants, candidate counts, time to fill, budget pools, and total rewards for indirect and direct reports.
14
new data dimensions for faster, richer insights