As a member-based organisation, RAC Insurance’s profits are used to fund vital projects across Western Australia in areas such as road safety, the environment and future mobility. Cloud-based analytics helps the company maintain those profits by improving decision-making, increasing accountability, and responding quickly to budget issues and opportunities.

Business challenge

RAC Insurance saw an opportunity to modernise its financial planning and analytics processes by replacing its manual, spreadsheet-based approach with a more integrated, automated platform.

Transformation

RAC Insurance worked with Cornerstone to build a comprehensive financial performance management platform in six months. Our recommended solution was IBM® Planning Analytics on Cloud.

Results

  • Extends insight to a wider audience, improving accountability and decision-making
  • An estimated 20% increase in productivity by reducing budgeting work for the finance team
  • Accelerated reporting and unlocking new scenario planning and stress testing capabilities