With Eon Chemicals growing across Indonesia and other parts of Asia, existing systems were creating administrative burden and did not support internal talent development efforts. Business leaders lacked insights and any changes to the reporting framework needed external support.
Eon Chemicals wanted to transform their HR and Finance operations and manage the business in an agile manner and drive continued talent development. With the power of a single platform to provide agility and insights into its people and finances, Eon Chemicals selected Workday to support the next phase of its business growth.
Benefits and results.
To manage our growth in Indonesia and beyond, we needed a platform that was flexible and easy to manage, while supporting talent development as well as delivering business insights.
Automation & controls.
Significantly improved HR and Finance processing with self-service enablement. Organisational changes are managed with ease, with the time required for large changes reduced from 4 weeks to less than one week. Shift in focus of HR and Finance operations to drive efficiencies and effectiveness.
reduction in cost of finance as percentage of revenue
increase in HR staffing ratio
fewer manual journal entries
Workday has enabled greater focus on competency frameworks and linked talent development. Goals and performance management frameworks are consistently applied across the workforce, driving improved engagement. Learning via videos has been ingrained into the employee experience. Improved talent tools help sales teams’ competency.
unique mobile logins among total employees (monthly)
less time to onboard new employees (5 days to 2 days)
completion of goals and performance management
Workday eliminates the need for Finance to consolidate and process data for period closing and tax reporting. Improved visibility and cash forecasting allows for better management of branch daily operations, reducing the need for cash advances and manual reconciliation.
reduction in chart of accounts
reduction in days sales outstanding
reduction in monthly & quarterly closing period
Business leaders have access to the right data, including business level P&Ls and worker information. Functional roles can dive deeper into process analysis and ensure effectiveness for business needs. Custom reports are easy to generate, unlike previously where external vendors were needed to support – costing time and expense.
increase in dimensionality of reports
days reduced to 4 hours to create executive reports