The UK Financial Conduct Authority (FCA) has finalized a contract worth up to £12.3 million with Cognizant to enhance its Workday HR and finance system. This agreement, spanning five years, follows the FCA's previous engagement with Workday, initiated in April 2020 as part of a move to transition from outdated systems to a modern cloud-based solution. As reported in successive financial years, the FCA has made significant investments in customizing and integrating Workday with other SaaS solutions, spending millions to improve operational efficiency.
The UK's Financial Conduct Authority has entered a £12.3 million deal with Cognizant to enhance its existing Workday HR and finance system over five years.
The FCA initially signed with Workday in April 2020 to replace outdated systems, highlighting a shift towards a fully cloud-based enterprise resource planning solution.
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