Case Study: Celonis halves financial close time with Workday Financial Management

Celonis cuts financial close from 6 days to 3 with Workday

Celonis, a technology company and global leader in process mining, needed a scalable financial solution to support its rapid business growth. Their challenge was to simplify back-end operations to allow for easier entry into new global markets, freeing employees to focus on core goals. To address this, they partnered with vendor Workday and implemented its Financial Management product.

Workday provided Celonis with a centralized system that streamlined its financial operations. The solution enabled the company to reduce its financial close time from six days to just three. This efficiency gain, along with an increased business cash flow, allowed Celonis to support continued growth with only a modest increase in team headcount, empowering employees to work smarter and provide deeper analytical insights.

Celonis