Data In, Insights Out: Financial Planning for Legal Firms
As a growing law firm, you're in the people business. Your workforce is most likely your largest expense...and with revenue being outcome-based in some cases, planning is critically important.
Understanding the implications of how you plan your workforce can help you make informed, timely decisions. Many firms are still working with the traditional model of manual spreadsheets - downloading data, feeding that data into spreadsheets, and then sharing those spreadsheets with stakeholders – a low value-add, time-intensive process for highly capable team members. This manual process oftentimes leaves planning timelines plagued with lags and information gaps.
A modern, collaborative planning process is key for any growing firm. Workday Adaptive Planning makes data immediately available for business leaders to review and/or use to update their plans as needed across financials, workforce, and budget & revenue forecasts.
Watch this in-depth webinar to fully understand how automation and modernization with Workday Adaptive Planning can accelerate and unify your firm's operations.