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Ageas UK ensures flexibility with scenario modeling

UK-based insurance provider improves transparency, speed, and agility by moving away from spreadsheets for budgeting and forecasting

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  • Solutions

    Finance

  • Industry

    Insurance

  • Platform capability

    Planning Experience

At Ageas UK, budgeting and forecasting with emailed and collated spreadsheets hindered its ability to react quickly to market changes. The company’s FP&A team moved to Anaplan, with cost center managers entering data directly into the platform. This increases transparency, accelerates budgeting and forecasting, and enables scenario planning to improve agility.


We had to send out multiple spreadsheets to cost center managers, collect those back in, and load them into a system — whereas now that is done directly in Anaplan.
Paul Hodgson, FP&A Manager, Ageas UK

Data

entered directly into Anaplan increases transparency

Fast

budgeting and forecasting enable scenario planning and analysis

Focusing

on specific challenges supports engagement with future developments


Family riding together in a car.
Two people unpacking boxes together in a bright room.

Paul Hodgson, Ageas UK: Ageas insurance providing general insurance for personal lines. The biggest challenges are being adaptable and agile and the ability to react to changes in market.

We use Anaplan in finance, sales, expense planning, and workforce planning. Before Anaplan, we had to send out multiple spreadsheets to cost center managers, collect those back in, and load them into a system — whereas now that is done directly in Anaplan with the increased transparency that comes with that.

Faster turnaround of budgeting and forecasting has enabled increased transparency and the ability to flex with multiple scenarios and to plan for those.

My advice to someone new to Anaplan would be to focus on a specific area and really focus on delivering that well and bringing your customers and stakeholders along with you. That engagement and that involvement will help you with future developments as you progress through Anaplan.

I'm Paul Hodgson, FP&A Manager at Ageas Insurance, and we plan with Anaplan.