Workday Ventures Partners with Laurel to Transform Time Management

Laurel, a leader in AI-powered time intelligence, has secured a strategic investment from Workday Ventures. The funding strengthens Laurel’s role in redefining how professional services firms track, manage, and maximize time. As part of the deal, Laurel joins the Workday Innovation Partner network, a community of innovators delivering advanced AI solutions to customers.

The company’s mission focuses on helping organizations and professionals reclaim valuable time. Its platform, trusted by hundreds of leading enterprise professional services firms, automatically captures, categorizes, and analyzes work activity data. Moreover, by connecting time data to business results, Laurel enables firms to optimize productivity, boost profitability, and allocate resources efficiently. Notable clients include Ernst & Young, Freshfields, Grant Thornton, and Crowell & Moring.

Kourosh Zamani, co-founder and head of partnerships at Laurel, expressed enthusiasm about the partnership. “Workday’s vision for the future of work aligns with our mission to make time more valuable for professionals and their organizations,” he said.

Barbry McGann, managing director and senior vice president at Workday Ventures, highlighted the potential impact of AI. “AI can revolutionize time management, allowing people to focus on strategic work. This leads to greater employee satisfaction and productivity,” she stated.

Customers using Laurel have reported up to 80% fewer manual time entries. They also gain an average of 28 reclaimed billable minutes daily per professional. As a result, firms achieve 4–11% profitability gains. Laurel’s ROI methodology has been independently validated by a Big-4 firm. The platform currently processes over $5 billion in gross market value, with $360 million in net-new value attributed to its solutions.

CEO and co-founder Ryan Alshak emphasized the company’s goal. “We believe AI should help professionals focus on high-value work, reducing administrative burdens while driving better outcomes for companies and employees,” he said.

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News Source: Businesswire.com