Replacing an outdated system with the Workday Financials technology platform can lead to reduced costs, accelerated monthly closings, eliminated manual processes and improved access to information.
Our client, Brown and Brown, experienced these improvements after replacing its outdated and fragmented system.
Brown and Brown sought additional reporting capabilities to help executives consolidate key information, identify important trends, and drill down to more granular levels of data. The team tasked KPMG with leveraging the Workday platform to develop a new series of reports for the tax function. Our team helped Brown and Brown design and implement templates for over 100 interactive financial reports, from high-level overviews to detailed profit center reports.
We started by optimizing the financial reporting process, using our deep understanding of tax and accounting requirements, tax technology, and experience with Workday. Then, we used a multidisciplinary approach to improve data quality and create a multitude of new tax related reports. By fully leveraging Workday abilities, Brown and Brown was able to increase automation and efficiency. This led to a streamlined tax close process, a reduction of error risk, and an increase compliance.