The challenges facing today’s medium sized enterprises are by no means midsized. For starters, many medium sized enterprises face steep challenges with financial resources and funding. Others operate in hypergrowth industries and need to quickly scale and expand. Still others face difficulties that affect their ability to remain competitive, increase profitability, meet new regulatory demands, and reduce operational costs.
At Workday, we have vast experience with midsize organisations across Europe, including Elekta, Marel, Skandia and Uponor. We provide them with the tools they need to meet business challenges head-on, helping them reduce complexity, gain efficiency, and succeed in a constantly changing business landscape.
Whatever your challenges, this page explores the four key areas medium sized enterprises need to focus on to improve business performance.
—Filip Sjögren, Vice President of Compensation and Benefits
With the right technology foundation, medium enterprises can streamline processes to increase productivity, uncover resources, and run the business more effectively and profitably.
Workday offers one system for finance, HR, and payroll that delivers simplicity, productivity, and scale to your core business processes and your people. And its technology foundation puts you on the path toward more manageable, predictable, and sustainable growth.
—Maurice Aspers, Global Head of HR Centers of Excellence
In a medium sized enterprise, the cost of a wrong decision can be much higher. There is simply less room for error. Because every decision matters—the quality of the data matters. Today’s businesses demand real-time, rather than anecdotal or stale, data. And analytics are only as effective as the quality of the data being used.
Workday captures all finance, HR, and payroll transactions, and combines them with core business processing, operational data, reporting, and dashboards—to deliver a single source of truth that allows you to turn insight into action.
—Marie Ågren, Head of HR, Skandia
Just like larger enterprises, midsize organisations must maintain compliance and stay vigilant against fraud. But medium enterprises may not have the resources or expertise to keep up with changing regulations or make sure that only authorised employees have access to sensitive information.
Workday helps medium sized enterprises adhere to the new General Data Protection Regulation (GDPR), designed to harmonise the patchwork of data protection laws in Europe. The business process framework in Workday is a central tool that allows you to configure and visualise business process workflows and segregate duties across your workforce. Workday also helps prevent fraud by granting the right people access to the right information, and providing an always-on audit trail that monitors process and privilege changes.
Demonstrating financial and operational compliance, even as you work with internal and external audit partners, has never been easier. Medium sized enterprise customers, including Skandia and CPA Global, chose Workday in part because it contributes to their ability to meet GDPR compliance.
—Karen Elenor, Transition Director, Sky Betting & Gaming
As your organisation evolves, the question isn't whether you will need to adjust strategies, it's when—and whether you can rally your organisation to take advantage of change.
Successful medium sized enterprises share some common traits. They’re agile. They’re able to react quickly to market conditions and roll out new products and services. And they embrace rapid innovation as a long-term strategy, not a short-term fix.
Workday gives you the ability to bring together data from key business functions to streamline processes and meet constantly shifting regulatory requirements. Using a single system for finance, HR, and payroll allows you to adapt quickly to changes in your organisation or industry.
Today’s medium sized enterprises face daunting challenges. Operating more efficiently, making better decisions, keeping up with regulations, and managing a disruptive business landscape are all key priorities.
Using a single system for finance, HR, and payroll, Workday helps you make better decisions, mitigate risks, and easily adapt to change. Simply put, a single system from Workday lays a strong foundation for success—today and into the future.