To unlock and create growth
Integrated solutions designed for enterprise-wide results. These offerings make the most of your investments in both technology and people.
Health Administration | Employer Solutions
To better wellbeing
Solutions to help employees and employers choose, use and manage their health benefits.
Wealth Administration | Employer Solutions
To build a future
Solutions to help employees and employers choose, use and manage their wealth benefits.
Payroll Administration | Employer Solutions
To keep spend in shape
Solutions to administer, optimize and scale your payroll.
Engagement and Communications | Employer Solutions
To spark interest
Solutions to create a more memorable employee experience.
HCM and Financial Management | Professional Services
To keep things running smoothly
Solutions to better manage your workforce from the cloud.
Finance is moving to the Cloud ...are you ready?
The Advantages for Health Saving Accounts (HSAs): Employees find balance between health and wealth
The Advantages fo Health Saving Accounts (HSAs): Employees find balance between health and wealth
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FEATURED CASE STUDIES
Curtiss-Wright: Increasing utilization and satisfaction with an integrated benefits platform
Pathway Vet Alliance: Thriving in the cloud with Alight and Workday
The pandemic has highlighted one truism to finance teams—that financial plans need to be managed on a continuous basis. The impacts to the economy have radically changed the financial outlook for most organizations and the evolving situation has required financial planning and analysis (FP&A) to revise and update plans on an accelerated basis. While continuous planning has been a conceptual goal for many finance organizations, many have not had the technologies in place to achieve that end.
Continuous planning drives agility across several areas of the FP&A spectrum. First, it enables quick reforecasts based on macro/micro economic events, changes in demand and competitive pressures, to name a few. Second, it facilitates the creation of multiple scenarios. Effective scenario planning enables companies to model impacts to revenue and expense, explore new workforce strategies, mitigate business risk, and make more proactive decisions based on data. These scenarios can be rapidly implemented into the plan. Third, it provides the ability to serve up the latest data and analysis in the form of reports and dashboards to stakeholders and the executive team.
The predominant technology for planning since the 1980s has been the spreadsheet. As most finance professionals are painfully aware, spreadsheet-based planning processes come with issues such as static data, version control, input errors, broken formulas, etc. With spreadsheets, FP&A teams spend an inordinate amount of time and effort managing and auditing worksheets, rather than focusing on strategic initiatives. Updating plans becomes an onerous and often error-prone process with iterations being emailed to stakeholders.
With the advent of cloud planning software, the barriers to continuous planning have progressively eroded. Teams across departments such as finance, HR, operations and sales can collaborate on plans, employ workflows to enable seamless reviews and approvals, update budgets and forecasts that are immediately reflected in the plan, and provide self-service reports that enable executive decision-making. All the data resides within the system, not siloed in a spreadsheet on one or several individual’s computers.