KPMG helped the brokerage firm build a strategy and business case based on workshops and company needs assessments. Using the KPMG Powered Enterprise approach, the team focused on process improvement and a holistic operating model in addition to the technology. The RFP process resulted in selecting the Workday Cloud software suite for human capital management (HCM) and enterprise resource planning (ERP).

Throughout the process, KPMG helped the firm use Workday’s Prism framework to blend historic and current data, as well as external and Workday data, to construct a back office built for the future, ready to scale and evolve as the client grows. Two years of financial data, two years of supply management spend data, and three years of HCM transactions were successfully converted to the new system, and the accounting structure was integrated to enable better reporting and drill-down capabilities. In essence, the brokerage firm achieved a single point of truth across its functions and data.

KPMG has helped our client achieve more integration, automation, and self-service capabilities while Prism analytics provided insights across finance, HR, and supply chain enabling the organization to access the right data for improved decision-making.

• Customer data integrated, reducing the number of reports by 75 percent, so the associates could easily see the big picture of their client portfolios.
• Leading practice processes aligned to standard software, with only 10 percent of workflow requiring customization.
• Widespread employee self-service practices were adopted within weeks of the implementation, which improved HR and payroll efficiency, and increased employee retention.
• A unified user experience increased efficiencies across the organization as analytics and insights were easily accessible through a common platform.
• Facilitated reporting via a centralized “Supplier 360” dashboard provides holistic insight into supply management’s historic and current spend data.
• Adaptive insights delivered leadership with near real-time data, updating hourly, that improved timely and accurate reporting and analytical capabilities. Historical reporting was available on day one. The company dramatically improved financial close timeframes.
• Adaptive modeling allowed each business function to plan at individual levels while the tool consolidated all results into a single income statement which could be reported on.
• The enterprise-wide deployment was completed in 13 months—on time and within budget.

KPMG helped the brokerage firm build a strategy and business case based on workshops and company needs assessments. Using the KPMG Powered Enterprise approach, the team focused on process improvement and a holistic operating model in addition to the technology. The RFP process resulted in selecting the Workday Cloud software suite for human capital management (HCM) and enterprise resource planning (ERP).

Throughout the process, KPMG helped the firm use Workday’s Prism framework to blend historic and current data, as well as external and Workday data, to construct a back office built for the future, ready to scale and evolve as the client grows. Two years of financial data, two years of supply management spend data, and three years of HCM transactions were successfully converted to the new system, and the accounting structure was integrated to enable better reporting and drill-down capabilities. In essence, the brokerage firm achieved a single point of truth across its functions and data.