Case Study: Diverzify improves agile planning and COVID-19 scenario modeling with Workday Adaptive Planning

For Diverzify planning is the key to navigating COVID-19

Diverzify, a rapidly growing flooring services company, faced a challenge where its manual, Excel-based financial planning could not keep pace with its aggressive acquisition strategy. The process was so overwhelmed that the company was behind on its budget. New CFO Julie Bishop McCollum recognized the need for a modern planning solution to create a single source of truth and ensure agility, leading them to implement Workday Adaptive Planning.

The solution, Workday Adaptive Planning, enabled Diverzify to consolidate financials from acquired companies and model future performance. This capability proved critical when the COVID-19 pandemic hit, as the finance team had already built and could immediately activate recession scenarios. The platform became a key navigational tool, allowing for agile, data-driven decisions. As a result, Diverzify managed the economic disruption effectively and remains on a growth path, with plans to quadruple its revenue within three years.

Diverzify

Julie McCollum

Chief Financial Officer