Transcript
We have no shortage of projects, really good value add projects, having enough people and enough time to get them all done is the real challenge. Brown. Brown is one of the world's largest insurance intermediaries. We are a member of the S&P 500, traded on the New York Stock Exchange, been in business for over 80 years. I'm the chief accounting officer and controller for Brown and Brown So I'm responsible for all technical accounting, SEC reporting, financial planning, analysis, and Treasury work.
We came from a place where we didn't have an ERP. We were working off of spreadsheets and stitching other systems, and it was clear that we couldn't continue on that path.
Talent right now is just such a huge issue for all companies, including Brown and Brown.
Having a solution such as Workday enables us to attract the best talent, give them the tools to feel that they're really adding value to the organization.
We knew we needed expertise and so KPMG was an excellent source of that. The team really understands what we're trying to do in the first 100 days since our go live. We were actually able to close about 120 tickets between incidents and enhancements, which is almost unheard of.
But Brown and Brown, we don't have employees, we have teammates and KPMG is just another teammate. The powered evolution team is like having another set of teammates, so we really don't draw a big distinction. They're aligned to our goals. They're part of our team. And so, the relationship with KPMG has just been fantastic. Workday has helped us dramatically close the gap on our financial close process as a publicly traded company.
We used to get very close to the SCC reporting deadline and now we effectively file our assessing document the day after we release earnings on our quarter closes. It's really helped us so we can do the analytics. We need to have the confidence in our numbers before we go to the street and file. We're talking to KPMG now about doing a reevaluation.
Some of the configuration decisions we've made to make sure that we are absolutely maximizing the value we get out of Workday today. And so, they're in a great position as our support partner to go through that journey with us and really recommend configuration changes to get the maximum value. The next thing is, now that we're on HCM, how do we couple the HCM data with the finance data to make better decisions?
People is what drives the value that Brown and Brown delivers for our customers. And so, we need to get a lot better at analyzing that data and driving correlations between the activity our teammates participate in and the results that we get from.
