Digital bank chose software as a service when it wanted more from its HR systems.
Australia’s ME Bank is moving to cloud-based human resources (HR) software from Workday to obtain the flexibility, speed and capabilities that its current unintegrated tools were unable to provide.
The digital bank, which has about 1,000 staff, is replacing multiple unintegrated tools and manual systems, such as Excel for HR processes, with cloud-based Workday HCM. It is in the middle of a six-month project to configure the software and expects to launch it in the next few months.
ME is rolling out the software in two phases. It will first get the fundamental components it needs to run people processes, including compensation, absence and leave, and the second phase will see it add more advanced components, such as recruitment, advance compensation and talent.
Helene Gordon, group executive for people experience at the bank, said ME had not been looking specifically for a cloud-based system, but it had turned out to be an extra benefit.
