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Physicians Mutual selects Workday to help transform finance

Physicians Mutual selects Workday to help transform finance

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Workday, a leader in enterprise cloud applications for finance and human resources, has announced that Physicians Mutual has selected Workday Financial Management, Workday Adaptive Planning, Workday Accounting Center and Workday Prism Analytics to help accelerate its digital finance transformation as it streamlines financial operations in the cloud.

Physicians Mutual is a national provider of health, life and retirement products. Headquartered in Omaha, Nebraska, the Physicians Mutual family includes Physicians Mutual Insurance Company and Physicians Mutual Life Insurance Company.

The company recently launched Physicians Mutual Pet, pet insurance for cats and dogs, joining the company’s existing products, including Medicare Supplement, dental, life and supplemental health insurance along with coverage for funeral pre-planning.

As the organization continues to grow, it needs a real-time, unified view of its financial data to help identify and address risk, adapt to future regulatory change and make informed business decisions.

With Workday, Physicians Mutual will:

  • Gain a real-time, accurate view of financial data with Workday Financial Management that can be easily configured to fit Physicians Mutual’s needs while helping to drive deeper insights and organizational flexibility to support growth.
  • Simplify financial reporting and analysis with Workday Adaptive Planning and Workday Prism Analytics by providing executives and managers with faster, deeper insights to better plan their business and find new areas for growth and profitability.
  • Reduce manual processes and automate tasks by bringing financial and non-financial data into Workday Accounting Center, helping to improve responsiveness and minimize risk.

“In our industry, we are constantly analyzing data to help ensure we’re ahead of financial and regulatory requirements, which is why it’s important we create efficiencies in data sharing, analysis and reporting,” said Patty Keairnes, Assistant Vice President, accounting at Physicians Mutual. “Workday will help streamline our processes and provide us with the financial, operational and planning data insights needed to help guide our organization as we look to grow and adapt to an evolving regulatory landscape.”

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