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工作日,Simmons Bank

Simmons Bank has catapulted from approximately $3.2 billion in assets to a more than $20 billion-asset company operating in eight states. More than the company’s recent growth, however, what truly sets Simmons apart is its strong heritage as a community bank – warmth, trust and personal touch define its culture, and are felt at every level of the company.

Founded in 1903, Simmons now operates more than 200 branch locations throughout Arkansas, Colorado, Illinois, Kansas, Missouri, Oklahoma, Tennessee and Texas. The bank offers a full suite of financial products and services, backed by strong relationships with customers and communities.

Simmons is the subsidiary bank for Simmons First National Corporation, a publicly traded bank holding company headquartered in Pine Bluff, Arkansas.

Workday has helped us reduce reconciliations across departments. We now have integrated business processes where data moves through the system systematically as opposed to manually.

Patrick Neeley

CPA, Executive Vice President, Bank Operations Group

OVERVIEW
Challenges

  • Previous system could not scale

  • No access to real-time data

  • Manual compilation required to provide reporting

  • Significant manual work was required in both financial/accounting and human capital areas

  • Lengthy month, quarter and year-end closing process

Results

  • Accounting and Finance departments shift focus from largely tactical item processing to analysing trendsnbsp

  • Accounts Payable now delivers a more consistent, reliable and affordable experiencenbsp

  • Streamlined closing processes allow more time to focus on analytics and reporting to help with decision-making