A leading insurance group in Romania, with operations in both Life and Non-Life segments, faced growing complexity in its financial planning landscape. The organization relied on isolated spreadsheets and email-driven collaboration between more than 250 contributors. This decentralized approach led to inconsistent approvals, limited version control, and slow scenario simulations — all of which delayed critical insights and increased the risk of errors.
To modernize and streamline planning, the company implemented CCH Tagetik Budgeting and Planning, with Inulta as its trusted implementation partner. The transformation enabled a shift from fragmented, manual processes to a unified, governed platform that supports agile, data-driven decision-making.
Inulta guided the transition to a centralized planning environment structured around over 200 forms and scalable to more than 250 users. Revenue forecasting was restructured using both top-down and bottom-up drivers like Gross Written Premium, policy volumes, and average premiums. Expense planning was redesigned to include HR, IT, marketing, and operational overheads — all supported by multi-level approvals, automated validations, and integrated logic for IFRS 17 and Cash Flow modeling.
Highlights:
- Planning cycle reduced to just 10–15 business days
- Load times under 4 seconds; recalculations under 1 minute
- 70–80% of finance time shifted to analysis and decision support
- Over 500 legacy files retired and replaced with a single governed model
- Error rate dropped below 5% with full traceability and auditability
- 10x faster user experience and real-time collaboration across teams
Want to see how a leading insurer cut planning time by 70%? Discover how a financial transformation enabled faster insights, better control, and more strategic decision-making — with CCH Tagetik and Inulta.
