Case Study: Pinnacle Group achieves faster financial close and better insights with Workday

Pinnacle Group equips teams to grow its billions in spend under management with automated financial services

Pinnacle Group needed to reduce the manual work involved in managing billions in spend under management and improve visibility across financial transactions. Using Workday, the company wanted to move from data processing to delivering insights while supporting faster, more reliable invoice and payment operations.

Workday helped Pinnacle Group automate workflows across its Workday system, client systems, and bank systems, eliminating most manual receivables and payables entry because 98% of the data is already in Workday. The result was a financial close two days faster, 2,200 hours saved per year importing data into the general ledger, and 13 hours of weekly accounting system downtime eliminated, while staff shifted from 25% to 90% of their time on analysis.

Pinnacle Group

Justin Junkel

Senior Vice President of Finance and Analytics