Case Study: Unum speeds its annual planning cycle 25% with Anaplan
Key results
The challenge
Unum, a Fortune 500 insurance provider serving 36 million customers and paying nearly $7 billion in benefits annually, needed to connect financial planning across its business units. The finance organization wanted faster planning cycles and more self-service access to data for its roughly 9,400 employees.
The solution
Unum adopted Anaplan in 2016 and connected budgeting, expense planning, and forecasting on a single platform. It later expanded usage to expense budgeting and reporting and investment portfolio planning.
The results, in context
Unum reports a 25% faster annual planning cycle and 3x faster expense reporting, along with a 2-week decrease in its semiannual budget cycle. Ad-hoc questions can now be answered without the finance team's help about 80 percent of the time.