Solution Overview

GenOneTM on Workday: Future-proofing finance

An innovative and turnkey solution to accelerate finance transformation

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Are you ready to transform ?

Becoming a better business partner while retaining agility and optimizing cost of operations is the driving mantra of today’s forward-looking finance functions. Finance leaders have recognized that to succeed in a digital world – finance must deliver actionable insights at scale while minimizing cost and reducing risk. But that can’t happen when companies are using dated, costly, inflexible, and disparate systems. They aren’t robust enough to execute seamless transactions, manage compliance, perform analytics, or deliver reports without considerable manual intervention. 

Introducing GenOne on Workday. We created GenOne on Workday with the stature and know-how of four cloud industry authorities – Workday, Genpact, Deloitte1, and OneSource Virtual (OSV). This turnkey, finance as-a-service solution operates on Workday’s leading cloud ERP platform. And, we’ve built in Fortune 50 best-in-class finance processes in a standardized managed services solution.

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GenOne on Workday: a powerful finance-as-a-service solution

A pre-configured Finance-as-a-Service (FaaS) solution built on Workday’s leading financial management platform and operated by Genpact (see figure 1) that offers:

  • Standardized, best-in-class finance and accounting processes
  • Integration with third-party applications and Genpact Cora; Genpact’s AI platform that accelerates digital transformation, using OSV’s patented middleware
  • State-of-the-art process-workflow automation
  • Continuous innovation built into your support agreement
  • Low upfront costs with the deployment fee accounted for in the subscription pricing 

All leading to more freedom for finance to focus on high-value activities and the strategic use of capital.

Figure 1: Benefits of the solution

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A value proposition that can’t be beaten

Here’s what GenOne on Workday can deliver:

  • Actionable insights and decision-making support delivered through a leading cloud financial platform
  • Increased agility for scalability and flexibility, leveraging the breadth and depth of two of the largest finance and accounting consultancies
  • Better controls; governance and faster financial close
  • Savings based on best-in-class finance operations with variable pricing components

The bottom line . . .

The subscription fee is benchmarked against best in class F&A costs as a percentage of revenue. In addition, the deployment fee is accounted for in the subscription price and not paid up front during deployment. A packaged offering that can keep your upfront costs minimal, deliver faster payoff, and better return on investment (ROI) when compared to working with multiple vendors for a custom solution.

. . . and the dotted line

Another convenience. Genpact acts as the main contracting entity; you only have two contracts to deal with:

  • A Workday subscription agreement
  • A Genpact managed-service contract

If you’re eager to make your finance function flexible, agile, and forward-looking, GenOne is the powerful solution you’ve been looking to secure. The time to move into the future is now. Why wait any longer?

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1As used in this document, “Deloitte” means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of our legal structure. Certain services may not be available to attest clients under the rules and regulations of public accounting.