Workday, a leader in enterprise cloud applications for finance and human resources, has announced continued momentum within the financial services industry with more than 70% of financial services organizations in the Fortune 500 having selected Workday.
As part of the momentum, Workday achieved a record number of customer deployments in the past year across the financial services sector and welcomed more than 100 new financial services customers in the last 18 months – including new global customer First Sentier Investors – that selected Workday to advance their digital initiatives in a fast-changing, regulated industry.
The momentum underscores the growing industry adoption of Workday cloud finance offerings, including Workday Financial Management and Workday Accounting Center, which enable financial services customers to have better insight into various data sets by breaking down silos to support more informed decision making.
The last 18 months have brought challenges and opportunities for the financial services industry – whether it is market fluctuations, interest rates or return on investments –requiring financial services organizations to adapt quickly to keep pace with a highly-regulated environment.
This includes the need for new technologies that help provide improved insight into business operations to identify and mitigate risk and digitally transform time-consuming and budget-draining processes and functions such as financial reporting and accounting.
