Prudential to Streamline its Sales Bonus Process with Anaplan
Prudential UK and Europe selects Anaplan to improve bonus payment, forecasting processes
London – 25 February 2014 – Prudential, a leading UK pensions provider, has selected Anaplan’s integrated sales, operations and finance business modeling and planning platform to underpin improvements to its bonus modeling process. Anaplan’s real-time modeling and calculation capabilities will enable Prudential to significantly shorten the end-to-end process for bonus calculation and payment across its UK Intermediary Channel. Prudential is implementing an uncluttered, streamlined system that will be the backbone of the bonus process.
“By switching to Anaplan’s platform, which allows us to combine flexibility with automation, we will be able to streamline the process of bonus calculations for our account managers,” said Deirdre Flood, Commercial Finance Director. “We will also be able to improve our process and output analytics.”
Prudential’s primary business challenges are to improve the efficiency of the calculation of quarterly sales bonuses through greater automation, but without loss of flexibility, to assist the bonus planning process, and to improve analytics. They turned to Anaplan’s cloud-based platform, built on a patented, in-memory big data platform (HyperBlock™), to speed up the end-to-end process, and quickly calculate and produce outputs with minimum process activity.
“Anaplan is delighted to support Prudential with this important requirement, and we believe that organizations across the UK will look to them as a guiding example for ensuring compliance,” said Anaplan CEO Fred Laluyaux. “In doing so, we are building upon our wide-reaching strength in managing sales performance to create a powerful proposition for Prudential.”
Prudential is a leading life and pensions provider to approximately seven million customers in the United Kingdom. Intermediary partners are the primary route to market for a range of products and services that includes individual annuities, individual and corporate pensions, with-profits bonds, onshore and offshore bonds, savings and investments, healthcare and protection products. A leader in the UK individual annuities and with-profits market, Prudential is also the market leader in the provision of AVC schemes and a leading AVC top-up provider to the UK public sector. Prudential continues to support financial advisers post RDR and the recent pension reforms, through initiatives ranging from business consulting & advice to workshops, roadshows and a series of practical guides designed to help inform on current issues facing the industry. For more information on Prudential, visit https://www.pru.co.uk.
Anaplan is disrupting the world of business modeling and planning. We built our platform from the ground up to empower companies to plan, collaborate, and act—in real time. Stay ahead of critical business events, rapidly model potential impacts and course correct on the fly. With Anaplan’s cloud-based platform, you can continuously align your people, plans and spend to your market opportunities. Anaplan is a privately held company, headquartered in San Francisco, CA with global offices on four continents.