For over 100 years, Suncorp Group has been offering insurance, banking and wealth products and services through some of Australia and New Zealand’s most recognised financial brands. The company has been based on a strong conviction: we are building a sustainable and responsible financial services group that will help our customers, people, shareholders and communities to prosper.
With the unprecedented impacts of COVID-19, the insurance and banking sector will continue to face fluctuating uncertainties. Organisations will be forced to focus on improved ways of working, such as a digitally-enhanced employee and consumer experience. Stricter regulations within the insurance industry, combined with an increasingly competitive landscape and a growing number of smaller, more agile players are disrupting the status quo and putting pressure on premiums and operating margins. From an employee engagement perspective, external factors have driven digital transformation and introduced new operating models – employees now expect more from their business systems, no matter where they are working from. The modernisation of the consumer experience has seen a greater demand for access to improved systems within the workplace. This expectation requires a flexible digital platform that enables employees and managers to be more effective in their roles.
Legacy-bound internal technology platforms are often strained and cumbersome. To stay agile in response to shifts in market demands and business drivers, organisations need to reply on accurate, real-time, data-driven insights to manage uncertainties. As businesses increasingly need to understand their workforce composition and skill mix, in order to drive operating efficiencies, customers such as Commonwealth Bank, Aon, Unum, and Prudential have chosen Workday.
The Workday platform is built on a unique and highly flexible technology architecture framework that provides a single source of truth across HR and finance, enabling:
With the recent organisational refocus and Suncorp’s ongoing commitment to delivering value to its customers across all brands and service lines, Workday can support Suncorp by offering an agile system that is built on the foundation of a flexible business process framework. As your business is required to respond with rapidly changing operating and financial models, our solution allows you to scenario plan your workforce to meet the shifting demands today and into the future, and our always-on audit capability that ensures your business remains accountable and compliant throughout any change process.
With a single system for finance, HR, analytics, reporting, and planning, Workday enables your bank to streamline core business processes and improve operational efficiency.
Workday gives you the power and flexibility to adapt as your needs and market demands evolve. Prepare for uncertainties by planning for various scenarios, driven by accurate and real-time data. Develop your talent pipelines and align your skill mix to organisational priorities.
Designed and created post-Sarbanes-Oxley, Workday helps your bank efficiently meet compliance requirements with our always-on audit approach.
With HR, workforce planning, recruiting, and talent management working together in one system, you gain complete visibility into your global workforce.
Bring your accounting, consolidation, planning, sourcing, procurement, projects, reporting, and analytics into one financial management system.
An end-to-end platform for integrating high volumes of operational and historical data, Workday Prism Analytics enables you to blend any data source with trusted data from Workday.
With Workday Adaptive Planning, you can plan smarter, report faster, and analyse better – transforming business performance in a way you previously could only imagine.
The world’s leading organisations trust Workday as their enterprise cloud suite, supporting breakthrough results in finance and HR across a wide range of challenges and industries.