Deloitte Wins 2024 Workday Partner Innovation Awards in Three Categories
Financial Services and Insurance, Retail, and Technology and Media
Pleasanton, CA, USA, 8 March 2024 – Workday announced Deloitte as a winner of Partner Innovation Awards in three main categories - Financial Services and Insurance, Retail, and Technology and Media.
For the Financial Services and Insurance category Deloitte won for its solution InsureAcceleration: Deloitte’s Global Insurance Accelerator for Workday. InsureAcceleration is a highly secure, modern cloud platform for transaction processing, accounting, reporting, and analysis. It consolidates claims and premium subledger data in Accounting Center, improving data quality and enabling real-time KPIs. This streamlines financial processes across areas like close and consolidation, general accounting, transactional finance, expense tracking, analytics, budgeting, forecasting, audit, and internal controls. Leveraging pre-configured solutions, it accelerates Workday implementation and addresses insurance regulatory requirements, making it a key solution for the global insurance market.
In the Retail category, Deloitte was recognized for InstaView, an innovative solution that empowers users to plan, monitor, and act seamlessly without leaving the Workday ecosystem. This first-of-its-kind solution leverages three cutting-edge Workday technologies — Adaptive Planning, Prism Analytics, and Studio Integration Layer — to address the unique needs of high-volume businesses and to give users a way to view reports and act through a single platform. Deloitte’s InstaView efficiently plans and monitors results require the seamless integration of large amounts of data. This solution automates data import, creates a central dashboard, enhances system performance, and reducesd IT costs. It empowers users to analyze and make data-based decisions.
In the category of Technology and Media Deloitte’s Content Accounting Calculator - a SOX-compliant, centralized, content amortization modeling solution within Workday Adaptive Planning, secured the recognition for being the most innovative solution built for the Technology and Media category. This solution automates journal entries, integrates with Workday Financials, and improves FP&A processes. Tailored to the company's requirements, it reduced manual tasks by 40%, boosted forecast accuracy by 25%, and lowered labor costs by 30%. With plans for expansion, it offers seamless integration and scalability, making it a standout option in content accounting solutions.
For more information on these solutions, write to us here.
About Deloitte
Deloitte provides industry-leading audit, consulting, tax, and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 8,500 U.S.-based private companies. At Deloitte, we strive to live our purpose of making an impact that matters by creating trust and confidence in a more equitable society. We leverage our unique blend of business acumen, command of technology, and strategic technology alliances to advise our clients across industries as they build their future. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Bringing more than 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s approximately 457,000 people worldwide connect for impact at www.deloitte.com.
