Broward College aims to give its student body of 68,000 the access they need to achieve their education and career goals. To gain an accurate picture of the business, the college had previously been using a legacy system that limited reporting capabilities and was very transactional.
The complexity of the system also made it difficult for Broward to track and control spending in an environment where operating expenses continuously increasing and out-of-policy spending was an ongoing factor.
Workday Procure to pay in action.
Since the college’s deployment of Workday Financial Management and Workday Procure to Pay, Broward has been able to realise a 50 percent reduction in questionable spend, worth approximately $900,000 per year.
The finance transformation has also allowed Broward to fully automate the purchase order process and increase administrative accountability from a spend management perspective. As a result, the college is channelling more resources into its most important goal: student success.