Unified Data Enables Better Decision-Making at Shutterstock
Disparate data, teams, and processes were slowing progress at Shutterstock, a provider of stock photography, stock footage, stock music, and editing tools. With no connection between finance and human resources (HR) and no easy access to real-time data, it was challenging to move fast and make decisions.
Thanks to Workday Adaptive Planning, the New York-based company transformed its finance and HR functions to be more agile and efficient across the business.
“All of our data was separated,” says James Choi, director of financial transformation and systems at Shutterstock. “Our goal was to bring all that data into one central location. With Workday Adaptive Planning, we were able to connect HR and finance. Previously, those two functions weren’t regularly communicating. We have now developed a workforce planning calendar where HR confirms that all the new job reqs are in, all the new hires are in, all the terminations or attrition has been submitted, and then we’ll push that data from Workday Human Capital Management into Workday Adaptive Planning.”
Adds Choi, ”Having all of our data centralized ended up resulting in 10,000 hours saved annually. Workday Adaptive Planning has put us in a great place to grow the business, make real-time decisions, and have clean, easy, real-time access to data.”
Team Car Care Drives Out Manual Planning Processes
Team Car Care, the largest Jiffy Lube franchisee with more than 500 outlets in 26 states, needed to drive alignment and boost collaboration across planning, financials, and HR. “Team Car Care was able to realize the value of Workday being on one platform,” explains Matt Castonguay, senior vice president of finance, analytics, and supply chain at Team Car Care. “We were able to bring together deep dives into our P&L [profits and losses] and our metrics, combining that with operational processes to manage the team and ultimately helping teammates perform better.”
Continues Castonguay, “We’ve always wanted to make finance more of a value creation partner. For years, it still required a lot of manual effort from the team in order to just get their day-to-day job done. With Workday Adaptive Planning, we’ve been able to drive a lot of the manual and tactical processes out of forecasting so the team can focus on growing the business, engaging with our operations team, and ultimately help better serve our customers.”
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