Case Study: La Jolla Pharmaceutical Company streamlines forecasting and reporting with Workday Adaptive Planning

La Jolla Pharmaceutical Company Prepares for Growth With Flexible FP&A Processes

La Jolla Pharmaceutical Company, a biopharmaceutical firm, faced challenges with its financial planning and analysis as it grew into a more complex organization. Its quarterly forecasting was too time-consuming, and it needed more automated and intuitive software solutions for accurate and timely reporting. To address this, the company turned to the vendor Workday Adaptive Planning for its Adaptive Insights Business Planning Cloud.

By implementing Workday Adaptive Planning, La Jolla automated its budgeting, forecasting, and reporting processes. The solution, particularly through OfficeConnect, automated monthly variance reporting and streamlined the creation of quarterly board packs, saving the finance team days of work. This provided leaders with a clearer picture of corporate performance, enabling data-driven decisions and helping scientists understand the financial impact of their work. Workday Adaptive Planning provided the flexible and robust solution needed to support the company's ongoing growth and evolution.

La Jolla Pharmaceutical Company

Bryan Williams

Associate Director, Strategic Planning and Analysis