Trevor Appleton, vice president of finance and corporate controller, shares how Teranet’s legacy systems challenged its growth trajectory and the integration of acquisitions.
My FP&A team spent a lot of time coordinating headcount data and salary data in our old planning system. Workday Adaptive Planning closed the loop for data to flow right through. It’s so much less time consuming.
Vice President of Finance and Corporate Controller
Teranet moved to Workday Financial Management and Workday Adaptive Planning to have one set of data, eliminating the reconciliation of headcount and employee information. This shift also enabled Teranet to:
- Streamline and integrate acquisitions into its ecosystem
- Shift focus from ensuring data accuracy to strategic conversations with stakeholders
- Use Workday Adaptive Planning to evolve reporting, analyze data, provide information to users quickly, and automate processes such as accounts payable and accounts receivable
- Leverage automation to scale for growth
Blake Vecchiato, senior manager, financial planning and analysis, said Workday Adaptive Planning has driven enhanced collaboration. He shared: “We have increased the accuracy of our forecasting by ensuring we have the most up-to-date and accurate compensation data, and guaranteed alignment with our HR partners by sharing one source of truth."
Our successful implementation of Adaptive Workforce Planning was made possible by the incredible team at Kainos who took the time to understand our company profile, needs and objectives, and provided invaluable advice on ensuring we followed best practices wherever possible.
Senior Manager, Financial Planning and Analysis
Related Content