Standardizing, planning and reducing the lead time
Matasma engaged with one of the UK’s leading Insurance Managing General Agent to standardize their planning and reduced the lead time from 3 Months to 2 Weeks.
Challenges
- Different business units consolidated over a period of time with different transaction and planning systems.
- Inconsistent approaches to planning across business lines and departments.
- Planning processes took as long as three months.
- Calculations and data resided in spreadsheets, databases, proprietary tools, pen and paper.
Our Approach
- Consulted and standardized the planning process for different business units and departments
- Implemented driver based planning process for the revenue, direct costs and overheads
- Integrated source systems with Anaplan using Cloud works, with cost optimisation
Delivered Outcomes
- Reduced Lead Time: Three-month-long planning processes now done in 2 weeks
- Positive Stakeholder Perception: 70% of users feel positive about the platform
- 100% Digitalisation: Siloed spreadsheets, databases, proprietary tools, and even pen and paper processes eliminated.
Let’s Transform Your Business Together
Have a challenge you need solved? Reach out to us today!
Stay in the loop and sign up for the Matasma newsletter.