This report highlights the challenges insurance finance functions face when relying on outdated ERP systems that struggle to handle today’s complex, high-volume data needs. It emphasizes the need for a modern, data-enabled finance function that unifies financial, operational, and third-party data to deliver deeper insights, faster processes, and strategic value. Workday offers an adaptable, composable ERP platform with an intelligent data core that integrates diverse systems and automates workflows using machine learning, helping insurance finance teams improve decision-making, efficiency, and agility while reducing complexity and costs. This approach enables finance to be more strategic and responsive in a fast-changing industry.

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