Case Study: a $16 billion regional bank modernizes finance and accelerates acquisitions with Grant Thornton and Workday

$16 Billion Regional Bank modernizes finance in 7 months with Grant Thornton

A $16 billion regional bank faced a challenge with its outdated finance function, which relied on multiple manual systems and a legacy general ledger that limited reporting capabilities. This infrastructure hindered its growth strategy and ability to quickly integrate acquisitions. To modernize its operations, the bank engaged vendor Grant Thornton LLP to oversee the selection and implementation of a new cloud-based platform, ultimately choosing Workday.

Grant Thornton established a program management office to govern the full Workday implementation, which included process redesign and automation. The solution was completed in just seven months, enabling the bank to resume its acquisition strategy with enhanced regulatory confidence. The modernized platform replaced manual spreadsheets, strengthened internal controls, and expanded data dimensions for more flexible and insightful reporting.