{"id":24205,"date":"2025-01-08T10:33:01","date_gmt":"2025-01-08T10:33:01","guid":{"rendered":"https:\/\/stradaglobal.com\/library\/case-study-everest-partners-with-strada-for-revolutionary-deployment-of-business-to-business-critical-workday-solutions\/"},"modified":"2025-03-06T09:24:12","modified_gmt":"2025-03-06T09:24:12","slug":"case-study-everest-partners-with-strada-for-revolutionary-deployment-of-business-to-business-critical-workday-solutions","status":"publish","type":"library","link":"http:\/\/oldsite.strada.client.lbrn.io\/au\/library\/case-study-everest-partners-with-strada-for-revolutionary-deployment-of-business-to-business-critical-workday-solutions\/","title":{"rendered":"Case study: Everest partners with Strada for revolutionary deployment of business-to-business, critical Workday solutions"},"content":{"rendered":"\n
\n

Challenges: Scaling global expansion through smart finance<\/h2>\n\n\n\n

In 2021, Everest<\/a> was working to quickly establish itself as a disruptive B2B company operating across multiple countries. They realised that to keep up with their fast growth, they needed a financial system that could handle the demands of scaling their business. This system had to support their growth pace, multi-country taxation, governance needs and automated financial process flow requirements, so they explored a Workday solution. <\/p>\n\n\n\n

Everest wanted to showcase itself as a nimble, modern company that worked differently on the market. They needed a unique solution to be linked with different partner systems that would support their business strategy as well as the needs of their clients and supply partners. <\/p>\n\n\n\n

Speed and simplicity drive financial flexibility<\/h4>\n\n\n\n

With their streamlined structure and lean headcount, Everest needed a fast, affordable financial management platform that enabled them to rapidly and nimbly adapt and evolve with business needs. Everest needed to onboard and integrate new supply partners and to expand the architecture of the external integration landscape without access to an internal IT department. Above all, the platform would need to process large quantities of invoices and complaints with unfailing accuracy, as even a single error would be enough to significantly disrupt their flow of business. <\/p>\n\n\n

\n
\"Timely<\/figure>\n<\/div>\n\n\n

Timely execution for rapid growth<\/h4>\n\n\n\n

Additionally, Everest had established January 2022 as a clear, hard deadline for go-live. Timing was crucial, so with no internal IT support and limited overall know-how in Workday implementations they needed a partner who could not only move quickly but remain agile and flexible to accommodate the company\u2019s rapid growth and change. <\/p>\n\n\n\n

Solutions: Choosing the right platform for growth using Workday solution<\/h3>\n\n\n\n

Already harnessing the value of Workday, Picnic suggested Workday as an option to drive the Everest business forward. In addition to being more affordable than the other providers Everest was considering, Workday\u2019s intuitive user experience and ready interoperability made the platform an ideal fit for Everest\u2019s unique needs. <\/p>\n\n\n\n

Finding the right partner for implementation<\/h4>\n\n\n\n

Knowing that, in the absence of IT resources, they would still need expert support in certain cases, Everest began the search for an implementation and application management partner, before quickly settling on Strada based on a valuable recommendation. Strada\u2019s level of technical expertise and retail knowledge made them the only partner who could deliver the agility and flexibility Everest required, while also committing to their rapid deployment timeline. <\/p>\n\n\n

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\"Building<\/figure>\n<\/div>\n\n\n

Building an integrated system on the Workday solution<\/h4>\n\n\n\n

Together, Strada and Everest deployed Workday Financial Management<\/a> in a state-of-the-art design, building a one-of-a-kind solution in the market. Workday is the central pillar in Everest\u2019s operations. The platform functions as both a business-critical front-office system, processing Everest\u2019s high volume of invoices, and a back-office system, delivering all the company\u2019s management accounts. <\/p>\n\n\n\n

This unique configuration demanded multiple custom integrations, reengineered as more requirements emerged, with Strada also partnering to ensure that each of Everest\u2019s suppliers could be smoothly integrated into the platform and business processes. Each of Everest\u2019s client partners now have the same experience, regardless of their individual platforms. This seamless integration also enables faster processing and simplifies error detection. <\/p>\n\n\n\n

Strada\u2019s AMS was deployed to support platform evolution, boost its capacity, and improve resilience. It also enables quick responses to changes so that the platform stays available and aligned with Everest\u2019s business needs. Now, Workday Financial Management is Everest\u2019s only tool for managing operations. It provides a strong foundation for smooth negotiations and gives them the flexibility to handle new and changing suppliers. And with the addition of Workday Adaptive Planning<\/a> in 2024, they now have the ability to plan, forecast, report, and analyse financial data using a single source of truth. <\/p>\n<\/div><\/div>\n

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\n

“Buying is our core business, so we process a massive amount of invoices. If those invoices are not paid, suppliers stop deliveries, stores do not receive goods, and customers can\u2019t buy them. So, there is no room for error in what we do. At the same time, we are a small team and we want to keep it that way. What we really needed was a simple solution that could do a big, complex job. Workday provided the ideal platform, and Strada provided the expertise. Strada was fast, flexible and creative, working closely with us to design and deploy something unprecedented: a financial management system that performs end-to-end business-critical tasks without fail.”<\/p>\n \n Christian Feldmann<\/span>\n
\n Chief Operations Officer, Everest<\/span>\n <\/cite>\n <\/div>\n<\/blockquote>\n

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Results: 42% growth and counting with Workday solution financial management<\/h3>\n\n\n\n

No other client is using Workday the way Everest is today with the innovative system architecture. The stability of the platform, along with Strada\u2019s AMS support, allows Everest to onboard large suppliers and maintain their streamlined staffing model while meeting their business-critical processing needs. Invoices are paid on time, documents and pdfs are quickly and automatically sent and received, and readily accessible and accurate data allows for fast, reliable reporting. <\/p>\n\n\n\n

Everest\u2019s Workday platform allows their supply partners to enjoy the same easy experience, In fact, Everest\u2019s unique system has garnered so much attention, the system itself is now a draw for clients, who can up their own margin just by partnering with them.<\/p>\n\n\n\n

A fast-growing company, dedicated to maintaining a streamlined operation, Everest has doubled their number of clients since 2022, working with the biggest suppliers on the European market, and increased their sales turnover in the past year from ~\u20ac7 billion to ~\u20ac10 billion. This significant growth is only made possible by the power of the Workday Financial Management platform and the team\u2019s ability to use it effectively. <\/p>\n<\/div><\/div>\n\n

\n
\n
\n \n <\/div>\n
\n
\n

<\/h3>\n

Even as they enjoy remarkable growth, Everest is continuing to look for ways to improve. Workday is always adding new automated solutions, and Everest is always on the lookout for ways in which these can be deployed to keep their internal teams lean. Together with Strada, they strive to keep their systems and processes streamlined and simple, while providing an easy and rewarding experience for their clients and supply partners. <\/p>\n <\/div>\n <\/div>\n <\/div>\n<\/section>","protected":false},"featured_media":23526,"template":"","library-category":[2684],"solution":[],"theme_tag":[],"class_list":["post-24205","library","type-library","status-publish","has-post-thumbnail","hentry","library-category-case-studies-au"],"acf":[],"yoast_head":"\nEverest deploys revolutionary Workday solution | Asia | Strada<\/title>\n<meta name=\"description\" content=\"Workday solution to support their growth pace, multi-country taxation, governance needs and automated financial process flow requirements\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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