While it’s common to implement an ERP system in preparation for an IPO, embarking on an ERP project right afterwards is less so. But to grow rapidly and globally without increasing its accounting overhead, Ceridian’s finance team knew it could be more efficient with how it was running its ERP. The Minneapolis-based HCM software provider, known for its flagship Dayforce product, had two ERP systems running financials after its 2018 IPO. Ceridian’s consolidation project offers lessons on the discipline required in a successful ERP migration.
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“We have a grand vision for Dayforce and where we can take it, and in order to scale, we had to get rid of complexity.” Jeffrey Jacobs, Senior Vice President, Global Head of Accounting and Financial Reporting, Ceridian