Intelligent Fin.tech Issue 02 | Page 52

CLOUD SOLUTIONS

PHYSICIANS MUTUAL SELECTS WORKDAY TO HELP TRANSFORM FINANCE

Workday , a leader in enterprise cloud applications for finance and human resources , has announced that Physicians Mutual has selected Workday Financial Management , Workday Adaptive Planning , Workday Accounting Center and Workday Prism Analytics to help accelerate its Digital Finance Transformation as it streamlines financial operations in the cloud .

Physicians Mutual is a national provider of health , life and retirement products . Headquartered in Omaha , Nebraska , the Physicians Mutual family includes Physicians Mutual Insurance Company and Physicians Mutual Life Insurance Company .
The company recently launched Physicians Mutual Pet , pet insurance for cats and dogs , joining the company ’ s existing products , including Medicare Supplement , dental , life and supplemental health insurance along with coverage for funeral pre-planning .
• Reduce manual processes and automate tasks by bringing financial and non-financial data into Workday Accounting Center , helping to improve responsiveness and minimise risk .
“ In our industry , we are constantly analysing data to help ensure we ’ re ahead of financial and regulatory requirements , which is why it ’ s important we create efficiencies in data sharing , analysis and reporting ,” said Patty Keairnes , Assistant Vice President , accounting at Physicians Mutual . “ Workday will help streamline our processes and provide us with the financial , operational and planning
Workday will help streamline our processes and provide us with the financial , operational and planning data insights .
data insights needed to help guide our organisation as we look to grow and adapt to an evolving regulatory landscape .” �
As the organisation continues to grow , it needs a real-time , unified view of its financial data to help identify and address risk , adapt to future regulatory change and make informed business decisions .
With Workday , Physicians Mutual will :
• Gain a real-time , accurate view of financial data with Workday Financial Management that can be easily configured to fit Physicians Mutual ’ s needs while helping to drive deeper insights and organisational flexibility to support growth .
• Simplify financial reporting and analysis with Workday Adaptive Planning and Workday Prism Analytics by providing executives and managers with faster , deeper insights to better plan their business and find new areas for growth and profitability .
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