Case Study: KeyBank achieves greater visibility into supplier and organizational spend with Workday

KeyBank gains clear visibility into 2,000 vendors with Workday

KeyBank, a top bank-based financial services company, sought to find additional efficiencies and mitigate risks within its complex source-to-pay process, which involved managing over 5,000 contracts. To address this challenge, the customer turned to its existing vendor, Workday, to consolidate these procurement activities onto the Workday platform.

By implementing Workday's source-to-pay solution, KeyBank standardized its processes on a single platform. This provided stakeholders with a clear, holistic, and accurate view of supplier and organizational spend, cutting down on surprise invoices and out-of-compliance contracts to save time and money. The solution also integrated e-signatures via DocuSign and provided seamless communication tools. Workday's implementation increased visibility, streamlined operations, and positioned KeyBank to leverage AI for future gains.

KeyBank