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Workday and Kainos

Kainos Group is a high-growth, high-margin provider of digital services and digital platforms headquartered in the UK.

Founded in 1986, Kainos has a workforce of more than 1,300 across 11 offices in Europe and the US, working interchangeably across its Services and Platforms divisions.

Kainos is listed on the London Stock Exchange.

Our previous solution was siloed to the finance team, whereas Workday is a core platform for our entire business.

Group Head of Finance

Overview
Challenges

  • Kainos was publicly listed in 2015 and adopted a new financial system for its reporting needs. 

  • Within 12 months, Kainos realised the system wasn’t fit-for-purpose. 

  • Processes were largely manual and time-consuming, and delegating budget control to project teams wasn’t an option. 

  • For Kainos, the situation was an opportunity to find a new partner.

Results

  • Reduced the number of manually entered invoices from 50% to 15% and cut time for half-year external audits from 2 weeks to 1

  • Reduced cycle time to perform monthly close from 8 days to 7 days

  • Decreased run time for supplier payments from days to 20–30 minutes

  • Saved £95,000 through process automation

  • Increased financial visibility by integrating Workday with its bank

  • Stronger business decision-making power using Workday Adaptive Planning, improving forecasts and lowered expenditure by delegating budgets

  • Improved planning effectiveness with Workday Adaptive Planning,  generating reports in a day and increasing productivity across the business
  • Prepared the business successfully to face COVID-19 with Workday Adaptive Planning 

 

 

INFOGRAPHIC

See how Kainos has benefited from Workday.