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Servicesource Advances Business With Hr, Finance, And Payroll In The Workday Cloud

Finance Tue, Sep 3, 2013, 9:19 AM EDT - U.S. Markets open in 11 mins. ServiceSource Advances Business With HR, Finance, and Payroll in the Workday Cloud Workday Financial Management Creates Greater Ease and Speed for Company During Sarbanes-Oxley Compliance Press Release: Workday, Inc. 49 minutes ago PLEASANTON, CA--(Marketwired - Sep 3, 2013) - Workday, Inc. ( NYSE ), a leader in enterprise cloud applications for human resources and finance , announced today that ServiceSource ( NASDAQ : SREV ), the global leader in recurring revenue management, has significantly advanced its business First Financial processes globally with Workday's suite of applications including Workday Human Capital Management (HCM), Workday Financial Management, Workday Payroll, and Workday Procurement. With Workday's unified system, ServiceSource has been able to scale with growth, improve business performance, and successfully complete its first SOX compliance self-assessment and audit with greater ease and speed in the cloud. When ServiceSource went public in 2011, it was operating multiple systems across HR, finance, and payroll, with three independent business processes for North America, Asia, and Europe. To keep pace with fast growth and the requirements of being a public company, ServiceSource needed an enterprise system that could easily scale, adapt quickly to changes, standardize business processes across the globe, and provide greater transparency into the organization. With Workday, all company locations are now using the same processes while meeting local requirements for compliance. And, with one system of record, all departments are working with consistent HR, financial, and payroll data, driving greater efficiencies and increasing worker productivity. HR and Finance Shift From Tactical to Strategic With built-in analytics capabilities and automated workflows, Workday's unified system has enabled ServiceSource to simplify administrative processes, such as business process routing and approvals, to focus more on analyzing data for strategy and problem solving. These analytics capabilities are empowering finance professionals to focus more on activities that move the company forward, such as analyzing revenue and spend for insights into profitability and areas for cost savings, instead of tactical tasks such as confirming transactions with other departments.

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