Hyperion Insurance Group has partnered with Workday to move its HR systems to the cloud, supporting plans for international expansion.
Hyperion, which has operations in insurance and reinsurance broking, has witnessed its business grow both organically and through acquisition. A planned merger with insurance provider R K Harrison (RKH) confirmed earlier this year is set to increase the combined headcount to 3,000 employees across 37 countries.
To enable the business to expand quickly, Hyperion has invested in Workday’s human capital management (HCM) platform, offering a number of benefits.
The software as a service (Saas) HCM tool will allow the company to standardise HR processes and streamline operations to allow for faster growth. A group-wide system of record will be created for the RKH merger, providing accurate HR data to management. Also cost and capacity analytics will aid workforce planning, and help identify capacity gaps across the global workforce.
In addition, employees will be able to access the HCM system on mobile devices, allowing actions such as accepting leave requests to be carried out on the go.
“Hyperion is experiencing rapid growth,” said Mo Kang, group HR and communications director, Hyperion. “With the merger with RKH effectively doubling our UK headcount, and recent acquisitions significantly increasing the size of the business overseas, it is important that we have the right systems in place to support our business transformation and future goals.
“With Workday, we will have a technology foundation in place that can help us successfully manage this change, gaining the flexibility, speed, and workforce insights to support growth and empower our workforce in new and exciting ways.”
Workday has a growing number of customers in the UK insurance sector. It counts Aviva amongs its users, while Direct Line Group invested in the software as a service platform as it divested from parent group Royal Bank of Scotland in 2013.