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.
Financial Services
News, trends, and insights about the financial services industry.
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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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Understanding the Basics: What Is a Financial Management System?
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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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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How We’re Helping You Prepare for IFRS 17
IFRS 17, which goes into effect in 2021, represents one of the most significant shifts to insurance accounting requirements in 20 years. Workday and Aptitude Software have partnered to create a seamless integration between Aptitude’s IFRS 17 solution and Workday Financial Management to help companies transition to the new reporting standard.
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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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Q&A with Dustin Cramer, Director of Financial Planning & Analysis at AAA NCNU
What's a misconception about the finance profession? "That we are bean counters and all we do are taxes. I am an expert in numbers, not English, but math can also tell a story."
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5 Questions on Workday Professional Services Automation
Today we introduced Workday Professional Services Automation (PSA), a new solution I am very excited about. Here are some of the questions I've received from customers, prospects, and partners about Workday PSA and how it's differentiated.
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Workday Recognizes Innovative Customers with First-Ever Inspire Award
This week Workday presented Allied Global with our first Workday Inspire Award. This award recognizes outstanding customers that are doing an amazing job of leveraging business insights from Workday to deliver quantifiable results for their organizations.
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Diary of a Deployment Part 3: Going Live with Workday Financial Management
Last March I wrote about how quickly the deployment took off after selecting Workday—we had converted a full year of historical data and were testing transactions within the first 10 weeks. In my second post, halfway through the deployment, I shared how we were using Worktags to tag keywords and events in our data so we could later report and analyze it in different ways and from different views. In this third installment, I want to share some immediate benefits and changes that we're already seeing or expect to see in the near future.
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Four Questions with Robynne Sisco, Workday’s Chief Accounting Officer
As our chief accounting officer (CAO), Robynne Sisco manages day-to-day finances at Workday. We asked Robynne to share a bit about her role at the Workday Blog, as well as her unique perspective as a user of Workday's financial management system. Robynne told us that being a CAO isn't all about numbers and accounting regulations—at least not when you're at a company that's redefining finance for the enterprise.
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Diary of a Deployment Part 2: Business Insights with Workday Worktags
You may have read my post yesterday about the first few months of our Workday Financial Management deployment and what we accomplished in that short time. Today’s post is about Shelter Insurance Companies’ goal for more transparency across our business, which we expect to achieve with the data transparency and analysis capabilities within Workday.
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Diary of a Deployment: Workday Financial Management at Shelter Insurance
Late last year, Shelter Insurance Companies selected Workday to move our finance operations off legacy technology and into the cloud. We are nearly halfway through and expect to have Workday Financial Management fully deployed in September. Workday invited me to contribute to the Workday Blog, and I’ve taken them up on the opportunity to share our experience with others.
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