Case Study: TMX Group achieves major cost savings and boosted finance productivity with Workday Adaptive Planning

TMX lowers costs and boosts productivity

TMX, a Canadian financial‑services company operating global markets and analytics businesses, struggled with disparate legacy finance systems that drove costly, time‑consuming IT processes, heavy third‑party support, and slow acquisition and organizational integration.

By adopting a cloud‑native Workday finance and HCM solution with vendor‑managed security and self‑service automation, TMX gave finance more control and freed IT for strategic work. Outcomes include $640K in annual maintenance and infrastructure savings, IT time on innovation rising to 80% (from 20%), $553K repurposed in finance labor, ledger accounts cut from 1,859 to 231, acquisition integration time reduced from 12 to 4.5 months with $600K lower consulting costs, and measurable audit efficiencies (50% fewer external requests and $25K in audit fee savings).

TMX Group