Cushman & Wakefield teams with Accenture, Workday to transform Finance and Human Resources with Digital, Analytic, Cloud Solutions
Cushman & Wakefield announced an evolution of its processes and technologies that will result in better outcomes, expanded capabilities and powerful analytics – all in the name of enhancing the client experience. This advancement enables the company to realize greater opportunities across countries and business units while providing a strong control framework and well-defined risk management strategy.
To that end, Cushman & Wakefield has selected Accenture (NYSE: ACN) to provide consulting services to help the company design and implement standardized HR and finance back-office processes, enabled by digital, analytic, and cloud capabilities. In addition, Accenture will manage select HR and finance and accounting functions through its business process outsourcing services, leveraging a digitally-enabled workforce. Accenture will also provide consulting services to enhance Cushman & Wakefield’s use of data analytics in key strategic areas across the company.
A key pillar of this initiative is expanding the deployment of Workday Financial Management and Workday Human Capital Management (HCM). The unified Workday (NYSE: WDAY) system provides access to finance and people data in one place and gives Cushman & Wakefield the many advantages of the most up-to-date metrics on its global business.
“The digitalisation of the economy is progressing rapidly. Whoever wishes to be successful in the market in the long term must make use of the advantages of digital technology” explained Yvo Postleb, Managing Director of Cushman & Wakefield in Germany. “With the complete digitalisation of our back-office structure, we will achieve exactly that. For our employees, it opens up new scope for strategic action and new analytical possibilities.”
Duncan Palmer, Cushman & Wakefield’s global chief financial officer, said: “In today’s increasingly competitive business environment, companies must be efficient and agile. This program is about introducing world-class financial processes and controls through technology-based services, enabling us to innovate and make highly-informed business decisions on behalf of our clients around the globe.”
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