Workday Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced that one of Asia’s largest banks, UOB, has successfully deployed Workday Human Capital Management (HCM) across 14 markets.
With additional global deployments in five other markets planned, this is part of the Bank’s strategic commitment to digitally transform its HR capabilities across the Group in line with its ongoing efforts to empower employees and drive a people-first approach to its HR strategies. To achieve this, Workday was selected for its unified cloud system to replace standalone HR systems to improve the employee experience, data accessibility and drive employee self-service.
As part of this strategic group-wide HR transformation, UOB is using Workday HCM, Workday Expenses and Workday Time Tracking across 14 key markets, including Singapore, Australia, Hong Kong, and the United States. There are also plans to expand the use of these solutions to five additional markets in ASEAN, including Indonesia, Malaysia, and Thailand in 2023.
UOB takes a long-term view of its people, focusing on growing them with the right skills for the future, as well as supporting them with a well-chartered career path for individual’s growth. With Workday HCM, people leaders have greater visibility over the complete talent management pipeline for their teams, enabling them to identify talent gaps and develop talent optimisation programmes. Having a single, unified platform to help digitise various HR systems and processes also help reduces the number of administrative and manual tasks to be performed by the teams and cuts down on manual interventions, physical forms, and emails.
With Workday Expenses, UOB employees benefit from simplified expense reporting via a user-friendly and intuitive interface, saving time spent on claims and reimbursements. In addition, Workday Time Tracking functionalities helps to improve employee productivity, while the enhanced data quality and analytics allow UOB to make real-time, data-driven decisions across the complete HR process, from onboarding to offboarding.
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“Having one unified, consistent and centralised HR platform allows us to push ahead with our HR transformation goals alongside a digital-first era,” said Vikas Verma, Head of Strategic HR, UOB. “From enhancing the employee engagement experience on routine HR tasks through to facilitating talent optimisation programmes, our team is now better equipped to support our employees holistically, from HR operational matters to long-term career development. The improved visibility of employee lifecycle planning, and data accessibility also enable our people managers to make timely and well-informed decisions.”
“We are delighted to play a crucial part in UOB’s HR digital transformation journey,” said Pannie Sia, General Manager, ASEAN, Workday. “Having the right technology and processes in today’s digitalised economy will prove invaluable in supporting the workforce of the future amid today’s dynamic and competitive business environment. With data-driven insights, UOB will be able to effectively strengthen its position for long-term growth and success. Workday remains committed to supporting UOB on its digital transformation journey to help transform the employee experience.”