Case Studies Better Together

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	Better Together

Better Together

Applicable Industries	Finance & Insurance
Applicable Functions	Business Operation Human Resources
Services	Software Design & Engineering Services System Integration
Challenge	Renaissance Capital sought to increase efficiency by bringing its eight offices around the world to a single system of record. The company had been using different HR systems across its locations, including Microsoft Axapta in Russia and the CIS. In Workday, Renaissance Capital found a solution that could provide the unified, global reporting it desired, while still being able to comply with local regulations. Collaborative Solutions worked with Renaissance Capital to lead the deployment. Read More
About Customer	Founded in 1995 with headquarters in Moscow, Russia, Renaissance Capital is a leading investment bank focused on Russia, the Commonwealth of Independent States (CIS), Central and Eastern Europe and Africa, and other high-opportunity emerging markets. The firm offers its clients access to developing markets throughout the financial centers of London and New York, with locations in London, Johannesburg, New York, Nicosia, Nairobi, Lagos, Dubai, and Istanbul. In November 2012, Onexim Group, one of Russia’s largest private investment funds, announced an acquisition with a 100% stake in Renaissance Capital. As of April 2013 the transaction was finalized, allowing Renaissance Capital to continue growing its business by maintaining its focus on other emerging regions. Read More
Solution	Renaissance Capital achieved greater operational effectiveness by leveraging Workday’s business processes to standardize practices across the company. Collaborative Solutions deployed core HCM, Absence Management, Performance Management, and Payroll Integrations across the company as well as Benefits for its Russia locations. This multi-center based project had resources spread across Washington, D.C., London, Johannesburg and Moscow. This project marks Collaborative Solutions’ first Russian-based engagement. Read More Log in to view content
Contents

Applicable Industries

Finance & Insurance

Applicable Functions

Business Operation

Human Resources

Services

Software Design & Engineering Services

System Integration

Challenge

Renaissance Capital sought to increase efficiency by bringing its eight offices around the world to a single system of record. The company had been using different HR systems across its locations, including Microsoft Axapta in Russia and the CIS. In Workday, Renaissance Capital found a solution that could provide the unified, global reporting it desired, while still being able to comply with local regulations. Collaborative Solutions worked with Renaissance Capital to lead the deployment.

About Customer

Founded in 1995 with headquarters in Moscow, Russia, Renaissance Capital is a leading investment bank focused on Russia, the Commonwealth of Independent States (CIS), Central and Eastern Europe and Africa, and other high-opportunity emerging markets. The firm offers its clients access to developing markets throughout the financial centers of London and New York, with locations in London, Johannesburg, New York, Nicosia, Nairobi, Lagos, Dubai, and Istanbul. In November 2012, Onexim Group, one of Russia’s largest private investment funds, announced an acquisition with a 100% stake in Renaissance Capital. As of April 2013 the transaction was finalized, allowing Renaissance Capital to continue growing its business by maintaining its focus on other emerging regions.

Solution

Renaissance Capital achieved greater operational effectiveness by leveraging Workday’s business processes to standardize practices across the company. Collaborative Solutions deployed core HCM, Absence Management, Performance Management, and Payroll Integrations across the company as well as Benefits for its Russia locations. This multi-center based project had resources spread across Washington, D.C., London, Johannesburg and Moscow. This project marks Collaborative Solutions’ first Russian-based engagement.

Impact #1	The move to Workday’s integrated HR system was a successful one, allowing the company to consolidate its organizational structures and capture data electronically at the source, rather than on paper.
Impact #2	With its rolling enhancements increasing functionality, Workday provides Renaissance Capital with a platform for unlimited future growth.
Impact #3	The company experienced increased data transparency and accuracy.

Impact #1

The move to Workday’s integrated HR system was a successful one, allowing the company to consolidate its organizational structures and capture data electronically at the source, rather than on paper.

Impact #2

With its rolling enhancements increasing functionality, Workday provides Renaissance Capital with a platform for unlimited future growth.

Impact #3

The company experienced increased data transparency and accuracy.

Benefit #1	Employee count: 2000 employees
Benefit #2	Length of project: 18 months

Benefit #1

Employee count: 2000 employees

Benefit #2

Length of project: 18 months

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Overview

Better Together

Operational Impact

Quantitative Benefit