Case Study: a leading automotive repair provider streamlines budgeting with Workday Adaptive Planning and Strada

Automotive repair provider adopts Workday Adaptive Planning

A leading UK-based automotive repair provider faced significant challenges in its financial planning due to the complexity of managing 108 business units with manual Excel processes. This resulted in a six-month budget cycle, frequent errors, and high resource strain, which hindered growth and led to high turnover in its FP&A team. The company partnered with vendor Strada to implement a transformative solution using Workday Adaptive Planning.

Strada's implementation of Workday Adaptive Planning streamlined the company's financial processes, cutting the budget cycle by 67% from six months to two. This solution minimized errors, enabled real-time recalculations, and empowered the FP&A team to shift to value-added analysis. The measurable results included a 50% cost saving from reduced errors and reprinting, enhanced financial efficiency, and the new strategic agility to assess business acquisitions.