Case Study: Fairview Health Services transforms FP&A with Workday Adaptive Planning

Multibillion-dollar Health System Transforms FP&A Process with Cloud Platform

Fairview Health Services, a multibillion-dollar health system, faced significant challenges with its financial planning and analysis (FP&A) processes due to rapid growth from mergers and acquisitions. Their manual, spreadsheet-driven system made managing complex revenue streams, expense allocations, and reporting exceedingly difficult and time-consuming. To address these issues, they turned to the vendor Workday Adaptive Planning for a solution.

By implementing the Workday Adaptive Planning platform, Fairview automated its FP&A processes and calculations, which dramatically sped up plan consolidations from weeks to just hours. The solution provided by Workday Adaptive Planning, including its OfficeConnect capability, enabled faster, more accurate reporting and fostered a new level of collaboration among departments by giving stakeholders greater visibility into budgets and forecasts. This transformation allowed for instantaneous what-if scenarios and quicker strategic course corrections.

Fairview Health Services

Andrew Schmidt

System Director of Financial Planning