The report discusses the challenges faced by professional services organizations (PSOs) in adapting to new ways of working due to inflexible legacy enterprise resource planning (ERP) systems. These systems were designed for data from 20 years ago and prevent PSOs from gaining deeper insights or partnering strategically. The solution is a new digital backbone provided by Workday, which unites an organization's ecosystem and brings data, people, and processes together in one system. Workday's adaptable architecture helps organizations streamline processes and gain greater interoperability across the ecosystem, ushering in a new era for finance.