Press Release

Skandia Selects Workday to Support Efficiency and Digitalisation

Leading Swedish Banking and Insurance Group to Standardise and Modernise HR Systems and Processes with Workday

PLEASANTON, CALIF. and STOCKHOLM, SWEDEN Dec. 2, 2015 Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that Skandia, one of Sweden’s largest independent, customer-owned banking and insurance groups, has selected Workday Human Capital Management (HCM) to increase efficiency and digitialisation of its HR-related business processes.
Being an innovative company with more than 2,000 employees in Sweden, Denmark and Lithuania, Skandia made a decision to replace its legacy HR systems with a modern cloud system that could keep pace with Skandia’s transformation agenda and support its continued success into the future. After a thorough review of the main suppliers in the market, Skandia selected Workday with Cloudator as its deployment partner.
With Workday, Skandia plans to:
  • Equip business leaders with access to the real-time data required to facilitate informed workforce decisions.
  • Establish a single system of record for organisational and employee information.
  • Reduce manual routines by standardising and digitalising HR business processes, thereby increasing operational efficiency.
  • Drive employee engagement with an intuitive user experience for employees to access information as well as perform tasks online such as setting goals and providing feedback.
Comments on the News
“We wanted to move away from our old, proprietary HR system and create a new experience for Skandia’s employees and managers when it came to accessing relevant information and performing people-related processes and routines. Workday is the optimal partner with a very reliable, cloud-based system to achieve this goal,” said Marie Ågren, Head of HR, at Skandia. “Out of the suppliers we reviewed, Workday offered the most proven system when it came to the features, information security, and continual delivery of new functionality required to digitalise our HR operations. We were also attracted by the high levels of satisfaction that other customers shared with us about their Workday experience.”
“We take pride in maintaining a high customer satisfaction rating which currently sits at 98%, and we believe that we continue to attract new customers like Skandia to the Workday family as a result of this customer-centric approach,” said Chano Fernandez, president, EMEA, Workday. "With Workday, Skandia will have one, cloud-based HR system built to break down data silos, streamline operations, and arm employees and managers to access, analyse, and act on the right information when and where they need. This combination of greater efficiencies, a more engaging user experience, and workforce insights embodies the Workday experience for our growing community of satisfied customers globally.”
About Workday
Workday is a leading provider of enterprise cloud applications for finance and human resources. Founded in 2005, Workday delivers financial management, human capital management, and analytics applications designed for the world's largest companies, educational institutions, and government agencies. More than 1000 organisations, ranging from medium-sized business to Fortune 50 enterprises, have selected Workday.
Forward-Looking Statements
This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Workday's offerings. The words "believe," "may," "will," "plan," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to, risks described in our filings with the Securities and Exchange Commission (SEC), including our Form 10-Q for the quarter ended July 31, 2015 and our future reports that we may file with the SEC from time to time, which could cause actual results to vary from expectations. Workday assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
Any unreleased services, features, or functions referenced in this document, our website or other press releases or public statements that are not currently available are subject to change at Workday's discretion and may not be delivered as planned or at all. Customers who purchase Workday, Inc. services should make their purchase decisions based upon services, features and functions that are currently available.
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