Case Study
Maximizing Effectiveness in the Business Dimension
This guide details how CFOs can leverage the AICPA & CIMA Finance Assessment Model for Effectiveness (FAME) to evolve from traditional scorekeepers into strategic finance futurists. Featuring real-world case studies from Franklin Templeton and EQ, it demonstrates how unifying finance, HR, and operational data accelerates enterprise value creation. Discover how leading finance executives leverage the AICPA & CIMA FAME model and AI-driven processes to turn business disruption into continuous strategic advantage.
- Topic
- Business Solutions
- Published
- 25 Aug 2026
Modern finance functions must move beyond historical scorekeeping to act as strategic architects of enterprise transformation. Developed in collaboration with AICPA & CIMA, this guide details the Business dimension of the FAME model, providing a clear roadmap across four key subdimensions: Strategy, Project and Change Management, Stakeholder Management, and Operating Ecosystem. Real-world case studies showcase how industry leaders like Franklin Templeton and EQ utilized Workday solutions including Workday Accounting Center, Prism Analytics, Adaptive Planning, and AI-driven Workday Illuminate to eliminate operational friction, automate routine tasks, and turn cross-organizational data into real-time business guidance.
Key Highlights:
FAME Maturity Framework: Outlines five progressive stages of finance effectiveness: Scorekeeper, Advisor, Partner, Value Creator, and Finance Futurist.
Four Core Subdimensions: Focuses on strategic planning, project/change management, stakeholder management, and operating ecosystem optimization.
ERP Value Leakage Factors: Highlights that low user adoption and misaligned business needs are the top two drivers of value leakage in failed ERP rollouts.
Administrative Task Burden: Identifies that 34% of finance leaders report dissatisfaction with the sheer volume of routine administrative tasks.
Franklin Templeton’s M&A Integration: Demonstrates how a $1.4T asset management firm standardized global operations and accelerated decision-making after rapid acquisition growth using Workday.
EQ’s Rapid Transformation: Details how an outsourcing firm completed a complex carve-out transition within a strict 16-week deadline by deploying Workday.
FP&A Cost Savings: Shows how EQ achieved over $218,000 in value over three years by replacing IT dependencies with self-service planning via Workday Adaptive Planning.
Workday Accounting Center: Automates the transformation of operational business events into enriched accounting entries with contextual analytics.
Workday Prism Analytics: Enables deep customer profitability analysis by ingesting external data sources alongside core ledger transaction data.
AI-Powered Workday Illuminate: Features embedded AI functions including anomaly detection, touchless processing, outlier reporting, and predictive remittance matching.
Dynamic Stakeholder Engagement: Replaces static spreadsheet reporting with real-time interactive dashboards to build trust with board members and business partners.
Adaptable Architecture: Allows growing organizations to onboard acquired entities in days while keeping core close processes seamless.