Vuealta acquires Executit, building on its global Anaplan offering

May 15, 2018

Vuealta extends offering in Northern Europe and the Asia Pacific region, sponsors Connected Planning industry event

Connected planning specialist, Vuealta, has today announced the acquisition of Executit. This is the company’s first acquisition, since its founding in 2017 by former-Anaplan employees, Ian Stone and Adam Bimson. The acquisition will further extend Vuealta’s Anaplan practice into Northern Europe and the Asia Pacific region.

Both companies work exclusively with Anaplan, the leader in Connected Planning, that provides software and services to create the connected plans essential for businesses competing today. Vuealta and Executit were both recently recognized with Anaplan Partner Awards for driving successful adoption, expansion, and return on investment for customers. Jointly, the two companies have an impressive customer portfolio and a huge range of experience across a variety of different use cases and many years of collective Anaplan expertise.

Ian Stone, CEO of Vuealta, said, “Technology has allowed businesses of all sizes to more easily establish a global footprint and they need an international partner to work with them to connect planning processes across their network. Bringing Executit, a highly respected and experienced partner that specializes in Anaplan services, into the Vuealta fold will allow us to expand our offering into Europe as well as gain a crucial foothold in the booming Asian marketplace. We deliver a global service to Anaplan’s international customers and this acquisition puts us in an even better position to do that at scale.

Jonas Nordquist, Founder of Executit commented, “We are excited to be joining forces with Vuealta, furthering our work with customers to realise the best of the Anaplan Connected Planning platform. Drawing on Vuealta’s additional capabilities, we will continue on our mission to tackle business challenges and transform uncertainties into opportunities.

Anaplan is committed to delivering success for our customers, and our partner ecosystem is critical to achieving this,” said David Tharp, Anaplan Vice President of Global Alliances. “Vuelta and Executit are valued members of the Anaplan partner community, and their alignment will create a multi-regional approach important to many of our global customers.

Vuealta is a gold sponsor at Anaplan’s Hub Comes to You, a Connected Planning industry conference, taking place on May 15 at 8:00 AM at the Central Hall Westminster Storey’s Gate, Westminster London SW1H 9NH, UK. To learn more about the event, visit https://www.hubcomestoyou.com/london/.

About Vuealta

Vuealta is an international company providing tailored advisory, implementation and ongoing support services for Anaplan, a leading planning platform provider. A trusted advisor in business process and transformation, we work with global organisations to take a more unified and colloborative approach to planning – connecting people, plans and data to enable faster decision making. Vuealta has offices in Europe and Asia Pacific.

Vuealta partners with Lloyds of London to modernise its Finance function

May 6, 2018

A more connected approach to planning at Lloyd’s of London puts the finance team at the strategic heart of the business

When Jim Islam, Head of Group Finance at Lloyd’s of London joined the Corporation, he inherited a traditional accounting function. He saw an opportunity to modernise and change the perception and role that the finance team played within the wider organisation, putting it at the heart of strategic decision making.

Specifically, he realised that by streamlining and connecting the Corporation’s budgeting and planning processes, he could make the finance function an effective and strategic business partner, whilst also improving and accelerating the organisation’s ability to make better decisions. To do that, he chose to partner with Vuealta to introduce the Anaplan platform; replacing Lloyd’s of London’s numerous, processes and approaches with one consistent plan.

This couldn’t have come at a better time. Lloyd’s is introducing a number of modernisation programmes to enhance efficiency and provide better value for money services. To do that, it needs a clear, accurate and real-time view of financial performance and the ability to forecast for future scenarios.

Jim Islam explains: “We were good at reporting the numbers but not exploring them to provide actionable insights to the business. We needed to put finance at the heart of strategic decision making by introducing a standardised approach. That meant getting rid of the disparate system applications that we were relying on and introducing a consistent global template.

The change needed to happen quickly. Working with Vuealta, Jim and his team implemented the Anaplan platform across all of their business regions in just four months – endlessly flexible and scalable, it can be used across the business to connect data, processes and people. The platform gives the finance team and others within the business a much bigger picture view of its finances.

Jim continues: “The Anaplan platform provides us with a clear view on targets, data, any changes that have been made and how they’re being managed, which is indispensable for our audit trails and risk monitoring. This is particularly important considering increasing demands on the finance team to be agile and provide insightful information with a single version of the truth for financial data. It has enabled us to focus on developing talent and enhancing management information to drive decision-making.

The shift from processing numbers to spending more time on analysis and value-added work has also made the finance team’s jobs much more interesting and they have become true partners to the business. To support them in this new role, Lloyd’s has spent a lot of time on training and re-designing the team, putting in place a new organisational structure and creating centres of excellence. “

Ian Stone, CEO of Vuealta: “Fast and agile decision making is what sets successful companies apart. By renewing its approach to planning in the finance department, Lloyd’s of London has put itself on the front foot when dealing with changes in the market, whether that’s regulations, market pressures or competition from FinTech. Other parts of the business have been impressed with the benefits of the new planning approach and are also now engaging in further rollouts of the Anaplan platform.

Karen Clarke, Vice President, Northern Europe at Anaplan: “Collaboration and alignment will be key to companies as they navigate today’s turbulent economic and political landscape. A more connected approach to planning allows information to flow more freely across a business to provide increased agility and better insights. The finance team is a hugely important driver of this change – using data and information to help the business make more informed and quicker decisions. Lloyd’s of London is a fantastic example of how this new approach can have a real difference to the organisation as a whole in just a short space of time.