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Workday is doing the forward-thinking for us and we are leveraging the system to take advantage of it.

Frank Di Liso

Vice President, Corporate Finance and Administration

OVERVIEW
Challenges

  • Multiple finance legacy systems that had to be maintained by the IT team

  • Significant reliance on external consultants

  • IT owned business-related administration processes

  • Lengthy AP cycle time for invoices

  • Large number of chart of accounts

Results

  • Decommissioned multiple finance legacy systems, shifting costly and time-consuming processes from IT to Workday

  • Reduced TMX’s reliance on external consultants, thanks to an expansive functionality set

  • Transferred ownership of business-related administration from IT to business leads

  • Reduced AP cycle time for invoices from days to minutes

  • Reduced size of the chart of accounts (COA) by 88%

INFOGRAPHIC

See the infographic to learn how TMX has benefited from Workday.

The document and the information contained therein are provided "as is" for information purposes only and are not intended to provide investment, financial or other advice.

© 2019 Workday, Inc. All rights reserved. Do not sell, reproduce or modify this document without Workday, Inc.’s prior written consent. Workday and the Workday logo are trademarks of Workday, Inc. TMX, the TMX design, TMX Group, Toronto Stock Exchange, TSX, TSX Venture Exchange and TSXV are trademarks of TSX Inc.

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