Life Time Achieves Operational Excellence with SilverXis & WorkdayLife Time Achieves Operational Excellence with SilverXis & Workday

Life Time Achieves Operational Excellence and Data-Driven Growth with SilverXis and Workday

  • Case Studies
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June 11, 2024
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Introduction

Headquartered in Minnesota with over 170 locations across the US and Canada, Life Time, Inc., operates upscale fitness destinations boasting state-of-the-art equipment, luxurious amenities like pools and saunas, and a variety of fitness classes. Life Time goes beyond physical well-being, offering holistic wellness services and fostering vibrant communities where individuals can connect and pursue healthy lifestyles.

Business Challenge

Life Time’s reliance on multiple, disconnected systems caused data silos and manual processes. This lack of integration hampered productivity, hindered strategic planning, and made data-driven decision-making difficult. 

This case study highlights how SilverXis’ expertise helped Life Time optimize Workday solutions, enabling operational excellence, data-driven decision-making, and a seamless employee experience.

Our Approach

SilverXis implemented a multi-faceted approach to address Life Time’s challenges:

Continuous Workday Enhancements:

Since 2018, SilverXis has continuously implemented and enhanced Workday business solutions, including Prism Analytics, Recruiting, and Time Tracking. These enhancements focused on:

  • Optimizing workflows for improved efficiency.
  • Integrating data sources for data visibility and insights.
  • Enhancing operational agility for better business responsiveness.

Customized Workday Extend Applications:

SilverXis developed custom Workday Extend applications that addressed Life Time’s unique business needs. These applications focused on:

  • Streamlining financial operations with solutions for procurement and CAPEX automation.
  • Eliminating manual processes for improved efficiency.
  • Providing a seamless user experience for finance staff.

Prism Analytics Integration:

SilverXis integrated Prism Analytics with Workday, consolidating data from disparate systems for comprehensive visibility. They then built custom dashboards and reports, empowering leaders with actionable insights for: 

  • Data-driven decision-making.
  • Strategic planning.

HR Process Optimization:

SilverXis optimized HR processes through Workday’s recruiting and time tracking solutions. This led to: 

  • Enhanced employee experiences through improved onboarding and time management tools.
  • Increased HR staff productivity through automation.
  • Streamlined HR management for overall efficiency.

Business Outcomes

The collaborative efforts of SilverXis and Life Time resulted in significant improvements:

Operational Excellence:

Continuous Workday enhancements led to:

  • Reduced labor costs and saved time through process efficiency.
  • Consolidation of systems from 60 to 1.
  • Reduced chart of accounts from 10,000 to 1,000.
  • 60% reduction in FTE financial support due to automation.
  • Payroll processing time reduction from 48 hours to under 1 hour.
  • Approximately 50,000 saved manager hours per year through automated time management.

Data-Driven Insights:

Prism Analytics integration provided comprehensive data visibility, empowering leaders with actionable insights for strategic decision-making.

Improved HR Processes:

Optimized HR processes through Workday services yielded:

  • Enhanced employee experiences through improved onboarding and time management tools.
  • Increased productivity of HR staff.
  • Streamlined HR management for overall efficiency.

Value Addition Since 2018

SilverXis’ ongoing commitment to Life Time’s success extends beyond initial implementation:

  • Customized Workday Extend applications continuously tailored to evolving business needs.
  • Seamless integration of Prism Analytics for sustained data consolidation and insights.
  • Enhanced HR processes through Workday solutions for ongoing employee experience improvements and operational efficiency.

Conclusion

SilverXis’ collaboration with Life Time demonstrates the transformative power of strategically implemented Workday solutions. Through continuous enhancements and ongoing support, Life Time achieved operational excellence, data-driven decision-making capabilities, and a streamlined, employee-centric HR experience.
This successful partnership positions Life Time for continued growth and success in the competitive fitness and wellness industry. 

Are you looking forward to achieving operational excellence using Workday? SilverXis can help you as we made it possible for Life Time.

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SilverXis Inc. has a vast experience of 17+ in the IT realm. It has helped clients globally to solve their business operations. For almost two decades, SilverXis worked in various domains such as health & fitness, education, government, manufacturing, aviation, entertainment, real estate, FMCG, e-commerce, OTT, travel & tourism, social media, etc. Get in touch with our specialized business consultants who will help you decide the most suitable solution for your business which will be cost-effective and long-lasting.