Backoffice Pro Implements Workday To Boost Client’s HR and Financial Processes

The Brief

• Client Profile: The client is a major US real estate company with intricate financial operations.
• Company Size and Revenue: The client oversees a large workforce of hundreds of employees and generates significant revenue of over $640M.
• Industry Domain: Real Estate Industry
• Challenges Faced: The client was grappling with manual HR and financial processes, which led to compliance issues and a lack of real-time business insights. Dissatisfaction with a third-party implementation partner for the Workday solution and an outdated and inflexible payroll system further added to their challenges.
• Project Objective: The project's objective was to automate HR and financial processes with Workday, ensuring a seamless payroll transition, enhanced data accuracy compliance, improved operational efficiency with real-time business insights, and reduced administrative overhead.

The Solution

Backoffice Pro provided a two-fold solution

• Workday Expertise: Deploying an experienced Workday professional to test and optimize the Workday solution implementation.
• Payroll Transition: Providing a dedicated Payroll clerk to transit all payroll and HR operations into the Workday system, streamline HR and financial processes, and improve data accuracy, visibility, and compliance.

The Outcome

• Operational Enhancements:
  • Streamlined HR Processes: The implementation of Workday streamlined HR processes, enhancing employee experience and reducing administrative overhead.
  • Accurate Financial Reporting: The solution provided accurate financial reporting, enabling data-driven decisions and minimizing financial risk.
  • Compliance and Visibility: Workday compliance with laws reduced legal risk and provided real-time visibility into key data.
• Financial Advancements:
  • Implementing the Workday solution led to improved data accuracy and visibility, reducing administrative overhead and potentially lowering costs. Accurate financial reporting enabled data-driven decisions, likely preventing financial risks and further cost reduction. Compliance with laws reduced legal risk, potentially avoiding financial penalties. Overall, Backoffice Pro's solution helped improve the client's financial management, enhance efficiency, and increase profitability.