Use case: Faster acquisition onboarding
Goal
One of the largest international warehousing and logistics company, specializing in storing, moving, and preparing food, needed to modernize its systems to streamline and accelerate the onboarding process for new acquisitions.
Challenges
- Onboarding a new acquisition’s financial information took 30 days, based on building custom integrations and processes
- Accounting experienced invoice errors and discrepancies and had to manually double-check and upload invoices
- Meeting timelines became increasingly difficult due to intensive time spent on managing integrations
Solutions
- An API-led integration approach automatically pulls and processes new acquisition information faster
- APIs pull data from acquired company’s systems, translate, and upload into Workday for accounting
- The new standard API-led workflow can be re-used and configured for each new acquisition
Results
- Reduced new acquisition onboarding from 30 days to under 2 days, a 93% improvement
- Reduced time spent transferring invoices to Workday from 15+ minutes to under one second, a near 100% improvement
- Provided real-time transaction processing, significantly reducing accounting errors and saving the company money
