Embracing Digital Technology to Transform Finance

2 8 - Embracing Digital Technology to Transform Finance

Camilla Borgelin, System Owner Workday, Tacton talks about embracing digital technology to transform finance

Key challenges Tacton wanted to address;
• Lack of global processes and tools
• Large degree of manual processing and manual handover (no integrations)
• No master data
• No support for SaaS model in existing ERP systems
• Bad user experience in existing systems and tools

Tacton called their Workday project a 'Project Snowball' (digital transformation journey). What they wanted as an outcome with this project;
• Scalable solution for growth supporting our business model
• Defined master data, less data redundancy
• Structured information availability
• Enabling data driven decision making
• Empowering employees to focus on value adding tasks

Earlier Tacton used 80% of time to find data and only 20% to analyze it. They wanted to change the figures to be 20% finding and 80% analyzing.

They have Workday ERP (and HCM);
• Time tracking
• Absence mgmt.
• Expense mgmt.
• Project staffing
• Billing / Invoicing
• Accounting
• Financial reporting
• Consolidation

Project timelin:
16 months from RFP process start to go-live

Presentation also covers e.g. these areas;
• Project group
• Challenges during project
• Success factors
• Outcome & learning

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