Case Study: OneSource Virtual achieves data-driven financial insights and faster closes with Workday

OneSource Virtual gains data-driven insights with Workday Financial Management

OneSource Virtual is a strategic consulting services firm (founded in 2008, headquartered in Dallas with 850 professionals across the U.S., the UK, and Ireland) that had been hampered by a rigid, disparate back-office environment and heavy reliance on Excel, leaving Accounting and Finance overwhelmed by manual processes and slow reporting.

Since going live with Workday Financial Management in 2011 (alongside HCM, Payroll, Time Tracking, Expenses, Procurement and Projects), OSV consolidated its back office and automated billing, close, and AP workflows to deliver data-driven insights. Results include a billing cycle cut from 5 to 2 days with $325K annual cost avoidance and 5 FTEs avoided, time-to-close reduced from 30 to 8 days with 50+ executive reports added, AP close shortened from 5 to 2 days, and a 97% reduction in vendor queries—improving accuracy, auditability and executive visibility.

OneSource Virtual