Bravedo achieves greater finance automation with Kainos and Workday Financial Management
About Bravedo
Based in Finland, Bravedo is a supergroup of over 35 businesses and 100+ legal companies on a mission to bring out the best of humanity through technology and services. By combining strong industry expertise with the best human potential and the most appropriate technology, Bravedo helps its clients and partners to reinvent themselves and their operations.
A Modern Finance System with Process Automation
The complex company structure at Bravedo demanded a finance system that could align operations across its many entities. The catalyst for change was realised when its previous system became outdated and could no longer support the required level of automation.
Pasi Vilhunen, Chief Financial Officer at Bravedo explains, “Our previous system was reaching the end of its life cycle, so we had to move quickly to find a modern finance solution. One of our key requirements for a new solution was that it must be able to automate manual processes.”
Global Finance Platform Built for Business Growth
The Bravedo team had previously built temporary solutions outside its old system to meet new requirements. But this wasn’t suitable long-term. With the knowledge and expertise of Kainos, Bravedo determined that Workday Financial Management could harness all its finance needs under one global platform.
“Taking a holistic view, we evaluated that Workday was a much more suitable choice for ongoing development”, says Pasi.
"Taking a holistic view, we evaluated that Workday was a much more suitable choice for ongoing development."
Deploying Workday Financial Management
The large company structure was considered, and it was decided that a gradual phase one deployment to 13 of its companies was the best approach.
Through proper planning and well-defined project scope, Kainos helped Bravedo complete 17 system integrations and achieve an on-time deployment of Workday Financial Management in 13 months.
Fast forward to December 2023, Bravedo is continuing to onboard more of its companies and has plans to use Workday across 80 of its companies.
On-time, Within Scope and Below Budget
Bravedo recognises that the strong communication shared with Kainos was a clear component of why the project was achieved on time, within the agreed scope and below budget. Pasi explains, “The best aspect about Kainos consultants is that they always think about what is best for the customer – everyone was on the same boat rowing to the same direction.”
“The best aspect about Kainos consultants is that they always think about what is best for the customer – everyone was on the same boat rowing to the same direction.”
Workday Go-Live: Surpassing Expectations
Since going live with Workday, the finance team at Bravedo has automated previously time-consuming finance processes.
The switch to Workday has empowered Bravedo to retire many disparate systems in exchange for one unified platform that regularly evolves with new updates and functionalities.
Pasi has expressed, “We are delighted with the outcome of the project, Workday has surpassed our expectations. It’s allowed us to close our first fiscal period smoothly and on time after deployment.”
To learn how Kainos can help transform your finance systems, speak to our Workday experts.