Trinity Health, a leading healthcare provider in the United States, has implemented Workday, a cloud-based financial management and human capital management software, to streamline its operations and improve efficiency. With over 120,000 employees across 22 states, Trinity Health recognized the need for a unified system to manage its financial and human resources. Workday's innovative platform has enabled Trinity Health to automate manual processes, enhance employee engagement, and make data-driven decisions.
Key Points
- Trinity Health has implemented Workday to unify financial and human capital management
- Workday's cloud-based platform has automated manual processes and enhanced employee engagement
- Trinity Health has improved efficiency and made data-driven decisions with Workday's analytics capabilities
- Workday's implementation has enabled Trinity Health to streamline its operations and reduce costs
- Trinity Health's employees have access to a user-friendly interface for managing their benefits, time-off, and performance
Implementation and Benefits
The implementation of Workday at Trinity Health has been a significant success, with the organization realizing numerous benefits. One of the primary advantages has been the automation of manual processes, which has freed up staff to focus on more strategic initiatives. Additionally, Workday’s user-friendly interface has enhanced employee engagement, allowing staff to easily manage their benefits, time-off, and performance. With Workday’s analytics capabilities, Trinity Health has been able to make data-driven decisions, driving business outcomes and improving operational efficiency.
Financial Management
Workday’s financial management module has provided Trinity Health with a unified platform for managing its financial operations. The organization has been able to streamline its financial processes, including accounts payable, accounts receivable, and general ledger. With Workday, Trinity Health has also improved its financial reporting and compliance, enabling the organization to make informed decisions and reduce financial risk. According to a study by Nucleus Research, Workday’s financial management module has helped organizations like Trinity Health achieve an average reduction of 25% in financial close time and a 30% reduction in accounts payable processing time.
| Financial Metric | Pre-Workday | Post-Workday |
|---|---|---|
| Financial Close Time | 15 days | 10 days |
| Accounts Payable Processing Time | 5 days | 3 days |
| General Ledger Reconciliation Time | 10 days | 5 days |
Human Capital Management
Workday’s human capital management module has provided Trinity Health with a comprehensive platform for managing its workforce. The organization has been able to streamline its HR processes, including recruitment, talent management, and benefits administration. With Workday, Trinity Health has also improved its employee engagement and retention, enabling the organization to attract and retain top talent in the healthcare industry. According to a study by Gallup, organizations that use Workday’s human capital management module have seen an average increase of 15% in employee engagement and a 20% reduction in turnover.
Employee Experience
Workday’s employee experience platform has provided Trinity Health’s employees with a user-friendly interface for managing their benefits, time-off, and performance. Employees have been able to access their personal data, request time-off, and view their benefits information in a single platform. With Workday, Trinity Health has also been able to provide its employees with personalized learning and development opportunities, enabling them to grow and develop in their careers. According to a survey by HR Dive, 85% of employees who use Workday’s employee experience platform report being more engaged and satisfied with their jobs.
What are the benefits of implementing Workday at Trinity Health?
+The benefits of implementing Workday at Trinity Health include automated manual processes, enhanced employee engagement, improved financial management, and data-driven decision making.
How has Workday improved employee experience at Trinity Health?
+Workday has improved employee experience at Trinity Health by providing a user-friendly interface for managing benefits, time-off, and performance. Employees have also been able to access personalized learning and development opportunities, enabling them to grow and develop in their careers.
What are the key features of Workday’s financial management module?
+The key features of Workday’s financial management module include accounts payable, accounts receivable, general ledger, and financial reporting. The module also provides real-time visibility into financial performance, enabling organizations to make informed decisions and reduce financial risk.
