Zumiez Selects Workday to Help Transform Finance
February 25 2021 - 4:30PM
Workday, Inc. (NASDAQ: WDAY), a leader in enterprise cloud
applications for finance and human resources, today announced that
Zumiez (NASDAQ: ZUMZ) has selected Workday Financial Management,
Workday Adaptive Planning, and Workday Prism Analytics to help
accelerate its digital finance transformation in order to better
anticipate and react to changing market conditions. Headquartered
in Seattle, Zumiez is a leading specialty retailer of apparel,
footwear, equipment, accessories, and hardgoods for young men and
women. Zumiez operates more than 700 stores in the United States,
Canada, Europe, and Australia.
Digital acceleration comes in different forms, and for many
organizations, replacing legacy systems all at once is not an
option. With the Workday Enterprise Finance solution, Workday
empowers finance teams to deliver business insights and strategic
planning across existing, multi-system environments with reduced
disruption. The Workday Enterprise Finance solution provides
customers with the flexibility to combine individual Workday
products with existing financial systems or replace their entire
financial software suite to accelerate their digital
transformation.
For large retail organizations relying on operational enterprise
resource planning (ERP) systems for merchandising and
manufacturing, the Workday Enterprise Finance solution brings this
disparate data into a finance system built for the cloud. The
ability to plan, execute, and analyze with Workday gives leading
retailers, such as Zumiez, a deeper understanding of their business
to help manage through the changing business landscape.
With Workday, Zumiez will aim to:
- Leverage a high-volume analytics platform that blends financial
results with workforce and operational data to provide better
business insights
- Improve planning processes to help drive faster, informed
decisions
- Streamline and standardize consolidation, close, and
reconciliation processes, integrating information from multiple
systems
Comments on the News
“As a retailer we must always prioritize speed in serving our
customers and quickly adapting to changing conditions. Our success
depends on our ability to successfully anticipate and respond to
our customers’ needs. By adopting industry-leading technology
through our partnership with Workday, our finance and accounting
teams will be better equipped to provide the business with holistic
insights and company-wide planning,” said Chris Work, chief
financial officer, Zumiez. “Strategies to digitize finance are
accelerating to keep pace with the significant changes we've seen
over the past year. We continue to see retail leaders select
Workday to help achieve top-line growth and operating efficiencies
by centralizing finance and accounting in the cloud,” said Terrance
Wampler, general manager, Workday Financial Management. “Zumiez
joins other leading retailers that are leveraging Workday’s
innovative and flexible financial planning, analysis, and
accounting technology to better anticipate and react to changing
consumer needs.”
About WorkdayWorkday is a leading provider of
enterprise cloud applications for finance and human resources,
helping customers adapt and thrive in a changing world. Workday
applications for financial management, human resources, planning,
spend management, and analytics have been adopted by thousands of
organizations around the world and across industries—from
medium-sized businesses to more than 45 percent of the Fortune 500.
For more information about Workday, visit workday.com.
Forward Looking StatementsThis press release
contains forward-looking statements including, among other things,
statements regarding the expected performance and benefits of
Workday’s offerings. The words “believe,” “may,” “will,”
“estimate,” “continue,” “anticipate,” “intend,” “expect,” “seek,”
“plan,” “project,” and similar expressions are intended to identify
forward-looking statements. These forward-looking statements are
subject to risks, uncertainties, and assumptions. If the risks
materialize or assumptions prove incorrect, actual results could
differ materially from the results implied by these forward-looking
statements. Risks include, but are not limited to, risks described
in Workday’s filings with the Securities and Exchange Commission
(“SEC”), including Workday’s Form 10-Q for the fiscal quarter ended
October 31, 2020 and future reports that may be filed with the SEC
from time to time, which could cause actual results to vary from
expectations. Workday assumes no obligation to, and does not
currently intend to, update any such forward-looking statements
after the date of this release.
Any unreleased services, features, or functions referenced in
this document, our website, or other press releases or public
statements that are not currently available are subject to change
at Workday’s discretion and may not be delivered as planned or at
all. Customers who purchase Workday services should make their
purchase decisions based upon services, features, and functions
that are currently available.
Investor Relations Contact:Justin
Furbyjustin.furby@workday.com
Media Contact:Diane Orrmedia@workday.com
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