Accenture and Workday are expanding their partnership to help businesses reinvent their finance functions to be more agile, data-driven, and customer-centric. The companies are collaborating to develop a suite of data-led, composable finance solutions that can be configured and reconfigured to help clients in the software and technology, retail, and media industries be more responsive to changing business requirements.
The new offerings align with the Workday Industry Accelerators’ collaborative go-to-market strategy established last year to help address the increasing demand for digital transformation across multiple industries.
“CFOs are challenged to optimize spend and increase profit margins while finding new ways to leverage data to drive profitable growth,” said Emma McGuigan, senior managing director and Enterprise & Industry Technologies lead at Accenture.
Matthew Brandt, senior vice president of Global Partners at Workday, added, “The global partnership between Workday and Accenture brings together the power of our cloud-native platform with AI and ML at the core and some of the industry’s most forward-thinking and innovative experts to help our customers take advantage of transformative technologies to accelerate change across their financial operations while remaining adaptable and resilient.”
Accenture and Workday are working together to develop nine offerings intended to address specific business needs across three industries:
- Software and technology industry solutions address key challenges clients are facing.
- Retail industry solutions help customers with planning, store operations, and workforce management.
- Media industry offerings focus on production finance, monetization and contracts, and title amortization.
The expanded partnership between the two organizations builds on more than 15 years of joint efforts to strengthen resilience and advance technology transformation across HR and Finance operations for joint customers worldwide.