CASE STUDY

Case study: BINUS boosts operational efficiency through financial and HCM transformation

Case study: BINUS boosts operational efficiency through financial and HCM transformation

BINUS is one of the leading educational management institutions in Indonesia. Starting from a single computer course with a few dozen students, there is now BINUS School and BINUS University, providing educational services to tens of thousands of students.

Due to the growth of the institution, BINUS set its sights on becoming agile in the fast-paced world of work. The group engaged Strada- to support them in Workday HCM and financial deployment. This was the beginning of their partnership to steer innovation and become a data-driven organisation.

  • 1974
    Founded
  • Education
    Industry
  • Jakarta, Indonesia
    Headquarters

Key Facts:

Increased efficiency and productivity

Reduction in financial processing time

Decreased errors and discrepancies

Improved accuracy in financial reporting and forecasting

Enhanced customer satisfaction due to faster and more reliable financial transactions

Problem: Time consuming financial processes

Before the financial and HCM transformation journey, BINUS HCM faced several challenges, including manual and time consuming financial processes, lack of visibility into financial data, and difficulty in tracking expenses and revenues accurately.

“We worked closely with team BINUS to understand their business requirements and pain points to design and implement a successful deployment strategy.  By taking extra care to dig deeper into team BINUS’s needs, we ensured a smooth and successful deployment of the HCM system”

Anirban Dass
Strada Head of Business, APAC

Solution: Move to a cloud-based financial management system and HCM transformation

To overcome these challenges, BINUS retired their old legacy system and deploy Workday along with the HCM Module.

The group switched to a cloud-based financial management solution that automated financial processes, provided real-time visibility into financial data and enabled accurate tracking of expenses and revenues.

Strada experts worked closely with the BINUS leadership and project management team to deploy the new system. It integrated HR and financial processes, streamlining overall operations and improving collaboration between departments.

Graduates in a line

“Our entire transformation journey has been a game-changer for the organisation. We are now able to focus more on innovation and customer service, thanks to the time and cost savings we have achieved.”

Harry Surya Adam
Chief Executive Officer, BINUS

Financial and HCM transformation results:

As a result of the transformation, with the newly implemented HCM, BINUS increased efficiency and productivity.

There was a reduction in financial processing time as well as a decrease in errors and discrepancies. This in turn improved the accuracy of financial reporting and forecasting.

These improvements led to improved customer satisfaction on account of faster and more reliable financial transactions.

“The new financial management solution has made my job much easier and less stressful. I can now access real-time financial data and reports and track revenues accurately, which has improved the overall productivity and efficiency.”

Stephen Wahyudi Santoso
Chief Operating Officer, BINUS

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