Wesfarmers Insurance Case Study
Increasing trust with a single enterprise-wide budgeting and forecasting model
The various businesses within Wesfarmers Insurace Australian Underwriting Division used a number of different planning systems and processes. Creating consolidated group budgets and forecasts was a complex, labour-intensive task.
Working with Cornerstone, Wesfarmers Insurance implemented an enterprise planning and forecasting capability using IBM Cognos TM1 software, enabling consistent planning and budgeting processes across the group.
- Saves four weeks of manual work during budgeting cycles
- Cuts time taken to make changes to the budget model by 50%
- Delivers an estimated 20% annual return on investment