four-year university far exceeds benchmarks for expense and purchase order automation with workday
Post on 07-Apr-2017
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INDUSTRY
CUSTOMER
CHALLENGES
WORKDAY EXPENSE AND FINANCE RESULTS
Mobile usage for expenses continues to grow, freeing up finance staff for more value-added tasks
Reduced the number of personnel involved in the
approval process from
1.5 to .2 FTEs
in the cost to processexpenses saves $85Kin the first six months
76% decrease
Slashed the time for reimbursements from
60 days to 3 days
automation of expense reports via self-service
100%.
improvement in time to process expense reports
95%.
Higher Education
4-Year University
• Lack of self service for expense reports
• The manual effort required to process monthly expense reports was both costly and time consuming
• Delays in expense processing created the potential for budget overruns
• Outdated, paper-based purchase order process was error-prone
• Manual tasks, such as filing and tracking paper documents, caused unacceptable delays
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