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BPMB Accelerates HR Transformation with Workday
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August 6, 2024 Press Releases

 

Workday, Inc., a leading provider of solutions to help organisations manage their people and money, today announced that Bank Pembangunan Malaysia Berhad (BPMB) has successfully deployed Workday Human Capital Management (HCM) as part of the bank’s continued digital transformation. One of Malaysia’s development financial services institutions, BPMB provides financial assistance to enterprises in the industrial and commercial sectors, fostering a competitive entrepreneurial community in line with national economic policies.

BPMB embarked on an accelerated digital transformation journey, deployed using Workday Launch, to advance their operational excellence and strategic growth in line with their Group Agenda 2025. By swiftly implementing a customisable HCM package, within just 4.5 months, they ensured both a timely and cost-effective deployment. This streamlined approach not only shortened the time to realise value for BPMB, but also helps set a strong foundation for their future.

By leveraging Workday Talent Optimisation, Workday Absence Management, and Workday Compensation as part of a phased implementation, the organisation has been able to significantly enhance its talent management processes, resulting in an improved employee experience for greater productivity and retention levels.

“The changes and dynamism seen in the market landscape requires businesses to have the right systems in place that can be agile in enabling and supporting business leaders to be decisive in their strategic planning and execution. The implementation of Workday has already yielded very promising results for us so far. This includes the streamlining of our daily operations, reducing our manual efforts, and enhancing the overall employee experience. As we strive to grow as a premier talent hub and deliver impact capital for national development, these advancements are crucial,” said Sainursalwa Sani, BPMB’s Chief Human Resource Officer.

Since deploying Workday, BPMB has enhanced the efficiency of its operations, reporting that over half of HR tasks that were previously manual and time-consuming are now automated, reducing the risk of human error.  The reporting capabilities within Workday allow for more timely and accurate insights and facilitating effective workforce planning. Additionally, BPMB is able to reduce data fragmentation, making it easier for staff to access, consolidate, and analyse information. Collectively, these enhancements align closely with BPMB’s plan to deliver operational excellence and strategic growth for the bank.

“We are pleased with the opportunity to continue our collaboration with one of Malaysia’s most reputable financial institutions as it embarks on its digital transformation journey. With Workday AI, we are providing BPMB with actionable, real-time insights derived from detailed data analysis, enabling them to make informed decisions and empower teams at all levels,” said Pannie Sia, general manager, ASEAN, Workday.

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