Pandemic-Era Employee Benefits Are Here to Stay
The Hartford, a leader in property and casualty insurance, group benefits, and mutual funds, shared insights from its 2021 Future of Benefits Study at the Workday Financial Services Industry Summit.
Financial Services
News, trends, and insights about the financial services industry.
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How Financial Services Industry CFOs Can Better Adapt to Change
Shift happens—again and again. Yet to succeed in an ever-changing business environment, financial services industry CFOs must drive better decision making and flexibility by uniting operational and financial data in an enterprise management cloud.
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Top CFOs Say This Is Their Biggest Pain Point
Finance leaders from a variety of industries came together at a recent Fortune CFO Collaborative event to talk about the critical role of the CFO in a post-pandemic world. Read more for the highlights.
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It’s All in the Details: How Data-Rich Subledgers Fuel Financial Agility
Accounting subledgers at financial services companies are data-rich resources hiding in plain sight, waiting to be tapped for insights. This article, the second in a two-part series, explores why combining operational and finance data is essential for business insights.
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Workday Industry Insights Europe: Technology and Data Strategies for Financial Services
At our recent digital event, an IT leader at Netherlands-headquartered trading firm IMC spoke about how the ability to unlock data has served their customers, even while facing unprecedented business disruption.
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Announcing the Winners of the Workday Partner Industry Innovation Awards
The Workday Partner Industry Innovation Awards honor industry-specific solutions from our services partners built on top of Workday Prism Analytics and Workday Adaptive Planning.
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How Sun Life Uses Workday Extend and People Experience to Engage Employees
Learn how the financial services company extended the power of Workday to make the employee experience smoother and more productive—especially as it looks ahead to bringing employees back to the office.
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Equiniti and Netflix: Finance Transformation in the Age of Disruption
Finance leaders from Equiniti and Netflix share how they pivoted to virtually operating their company’s financials when the COVID-19 pandemic hit, and how they’re better preparing for future disruption.
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How Banks and Insurers Can Turn Quantities of Data Into Quality Insights
Banks and insurers need to know how unprecedented disruption impacts customer behavior, and consequently, the business. This article, the first in a two-part series, explores why combining operational and finance data is essential for business insights.
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The Skills Movement: Building a Sustainable and Equitable Future for Global Workers
Global events in 2020 have accelerated the need for new workforce skills. Leaders from Telstra and Mastercard share six strategies to maximize opportunities in a skills-based economy fueled by automation and AI.
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Mastercard’s Commitment to Inclusive Growth and Economic Stability
Mastercard started the Center for Inclusive Growth to create equitable and sustainable economic growth and financial inclusion. Its president, Shamina Singh, talks about the center’s commitment to making this vision a reality for all.
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Even in Times of Uncertainty, Banks Can Chart a Course for Growth
Disruption is no longer a dark cloud on the horizon. It’s present and fully accounted for, and banks are transforming their planning operations with agile solutions so they can chart a course for growth—no matter what weather lies ahead.
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Leading CEOs Share Key Learnings from 2020
CEOs from Cisco, Microsoft, and Nasdaq talk about a year of both tragedy and resilience, why digital technologies are critical to the health of our economy, and why companies must accelerate efforts around social justice and opportunity for all.
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How Prudential Is Delivering a World-Class Employee Experience
By prioritizing the wellbeing of its customers and employees, Prudential plc helps people get the most out of life. Jolene Chen, group head of HR, shares how the company is able to deliver on its value and purpose through a time of change and disruption.
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CEO Perspective: How Artificial Intelligence Is Transforming Businesses
Artificial intelligence (AI) enables business leaders to focus their time on the challenges that really matter. Workday Co-Founder and Co-CEO Aneel Bhusri, Nasdaq President and CEO Adena Friedman, and Fortune President and CEO Alan Murray share their thoughts on how AI will further shape the future of business.
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How Equiniti Reshaped Finance and HR with Workday
As businesses rebound from the outbreak of COVID-19, the need for agility intensifies. Robert Bloor, group financial controller at Equiniti, describes how his organisation transformed its finance and HR systems to support continuous change.
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H&R Block and Workday: The Power of Partnership
Read highlights from my conversation with H&R Block CIO Alan Lowden, which took place during our virtual Workday Innovation Summit, about the company’s digital transformation experience and how he defines a true partnership.
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Global Study: Are Financial Services Firms Doing Enough to Build Organizational Agility?
The future belongs to financial services firms that are agile, from the business planning process to the ability to adjust to new market conditions.
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Workday Elevate Digital Experience for Europe: Rising to Today’s Challenges with Confidence
We invite business leaders throughout Europe to join us for the Workday Elevate Digital Experience, where you’ll hear from Workday and our customers on how to gain insights, navigate change, and keep your organizations moving forward.
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Workday Podcast: Inside a Global Fintech Company’s Digital Transformation
Alfa’s head of information systems shares what it’s like leading IT for a global fintech company. As a full suite Workday customer, he also shares how the company is using our solutions to guide its digital transformation journey.
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What Is a Financial Management System in 2021?
Here’s a quick guide to the new demands of the finance function, what you need to know about financial management systems, and how the right financial system can help companies adapt to a changing world.
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How Upskilling Is Critical to the Changing World of Work
Businesses must adopt new skills within their workforces to keep up with frequent advances in technology. Three HR leaders share how companies can stay ahead of emerging tech developments through upskilling and reskilling.
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The Financial Services Skills Gap: Are Baby Boomers the Answer?
The baby boomer generation is the fastest-growing workforce demographic in financial services. Here’s how the industry can do a better job of leveraging the generation’s wealth of knowledge and experience.
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In Good Company: Financial Services in the Age of Disruption
The phrase "disrupt or get disrupted" isn't about choices. For the financial services industry, it's a mantra of survival. Learn more from Deloitte Consulting LLP about the accelerating pace of change and how the finserv industry is keeping up.
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Financial Services: Why Is Data Stuck in the Dark Ages?
The traditional view of data is no longer a fit for the changing world of business. Just like how the printing press accelerated the dissemination of knowledge, modern innovations have furthered the power of data.
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Banks Should Focus on Core Competencies, Not Tech, in Their Digital Transformation
Banks that seek to leverage technology more efficiently, but don’t strive to be technology firms themselves, are best positioned to deliver the future of financial services, writes Jerry Silva of IDC Financial Insights.
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The Evolution of IMC’s Tech Revolution
Executives from IMC, a global market maker that buys and sells securities, discuss their technology journey with Workday and how that has evolved from both an IT and cultural perspective.
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Global Survey: Outdated Technology Is the No. 1 Threat to Insurers
For years, insurers were squeezing the life out of their legacy systems as a way to avoid high replacement costs. Now, new survey results indicate, insurers realize technology underpins much of their business.
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How Banking Leaders Use Digital Transformation to Drive Agility
In banking, leaders across the business must take a collaborative approach toward digital transformation by starting wherever they are and meeting the front office, where customers interact, in the middle.
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Travelex: Embracing Continuous Innovation to Stay Ahead
Claire Woolley is head of HR Technology at London-based Travelex, the world’s largest foreign-exchange provider. Woolley discusses business agility, HR innovation, and the company’s plans to stay ahead of its competitors.
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Industries at Workday Rising: Collaboration and Connection
This year, we’ve significantly expanded the number of industry-specific sessions we’ll have at Workday Rising. Here’s a sample of some of the stories our customers will share about successes in their industries.
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3 Ways Financial Services Companies Can Win the Battle for Talent
To win the battle for talent, the finserv industry must adopt an age-old adage: If you can’t beat them, join them. Finserv companies will gain an edge by leveraging the same attributes that draw talent to the technology industry.
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Why a ‘Culture of Compliance’ in Banking Should Be Second Nature
Banks that adopt compliance as a cultural practice find they gain the agility and efficiency necessary for long-term success.
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Shelter Insurance Brings HR, Financials, and Analytics Together, part 2
The director of accounting at Shelter Insurance shares how his team is using Workday Prism Analytics to increase efficiencies, layer in data, and gain insights into Shelter's workforce and financials.
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Shelter Insurance Brings HR, Financials, and Analytics Together, part 1
The director of accounting at Shelter Insurance shares his experience of deploying Workday HCM, including benefits they're already seeing from having financials and HR in one system.
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Why Insurers Are Putting the Back Office in the Driver’s Seat
After having spent years on enhancing front-end customer experiences, wise insurance carriers are taking a hard look at the rest of their outdated systems and moving them to the cloud. Read more to learn why.
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Workday Podcast: The Forces Shaping Financial Services
As the pace of change in technology and business continues to increase, the financial services industry must evolve to keep up. Experts from Deloitte discuss the latest technology trends affecting financial services companies and what leaders need to do to stay innovative.
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Survive and Thrive: How Financial Services Institutions Can Face the Digital Storm
It’s been more than a decade since the financial crisis, which brought with it unparalleled levels of disruption and strict compliance requirements for banks and financial services institutions. However, there is also a fantastic opportunity to continue to grow and thrive—if organizations push digital transformation to the top of their agenda. Gonzalo Benedit shares three important takeaways for financial services companies to consider.
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Financial Services: Innovating in a Risk-Averse Industry
When it comes to innovation, many financial organizations focus solely on optimizing the customer experience. Yet firms must evaluate their internal systems with just as much scrutiny. Learn how the right technology can enable your employees, improve business performance, and help keep data secure.
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How Financial Services Firms Can Shift from Data Hoarding to Decision-Making
While financial services firms have innovated their front office with new technologies to meet rising customer expectations, they may have overlooked the needs of their internal customers—their employees. With the right strategy and systems to make sense of information, organizations and their employees can turn valuable finance and HR data from a collection of facts into actionable insights.
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AAA NCNU: On the Road to Planning Nirvana
Dustin Cramer, vice president of financial planning and analysis at AAA Northern California, Nevada & Utah (NCNU), discusses how the company's budgeting and planning has improved with Workday.
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Why Good Technology Matters for Financial Services Firms
The financial services industry is undergoing enormous change. Business leaders should be asking, “How have our business technologies evolved to keep up with increasing expectations from our internal customers—our employees?”
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Q&A with Aon and WeWork: The Business Impact of an Agile Financial Management System
We spoke with Aon and WeWork about the business impact of their Workday Financial Management deployments, and why organizations shouldn’t replicate their current business models in a new financial management system. Read on for highlights from those conversations.
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The CFO and CIO: Digital’s Dynamic Duo
Many successes can be attributed to CFO-CIO teamwork, yet there's still room for improvement in the way these two roles collaborate. Deloitte Partner Matt Schwenderman provides valuable advice for a stronger partnership between the CFO and CIO.
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Workday to Acquire Platfora
Workday has signed a definitive agreement to acquire Platfora, a leading provider of operational analytics and data discovery tools that enable companies to visually interact with and analyze petabyte-scale data in seconds. Read more from EVP Mike Frandsen.
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Hire Finance People Who Welcome and Embrace Change
Contrary to popular belief, there's never a dull moment in finance. Your ability to manage constant change starts with hiring the right finance people. Read more from Workday CFO Robynne Sisco.
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Finance in the Cloud: Why the Conversation Has Changed
There used to be a lot of talk about whether the cloud was secure enough to manage an organization’s financials. Mark Nittler explains why the conversation has shifted from “Why cloud?” to “I’m ready for finance in the cloud—what can it do for my business?”
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Auditing Forward: How the Auditor’s Role is Changing and Why
Kendall Tieck, Workday’s VP of Internal Audit, shares how financial auditing can serve a greater purpose by also contributing to business planning and strategy.
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Talking Vertical: Workday’s Approach to Industries
Workday VP John Webb discusses our industry strategy, and reveals what makes Workday—and our customers—unique in how we approach this effort.
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