Paul Sheriff, CFO
NewDay, a leading UK consumer finance provider, has chosen Vuealta to improve its business planning, budgeting and forecasting via the Anaplan platform.
Paul Sheriff, CFO at NewDay, commented, “The business has achieved significant growth in the last few years, whilst also expanding its portfolio of products and partnerships. We needed a planning platform that was more agile and could connect the dots across the rapidly evolving business.”
“The Vuealta team helped us deliver a solution that maximised thebenefits of the technology, with a fully connected financial model of the business. We are delighted with the impact it has had for the most recent budgeting cycle.” Following this success, NewDay is expanding the scope of the Anaplan platform into other areas beyond budgeting and forecasting.
Adam Bimson, Director and Co-founder of Vuealta said, “For NewDay, this was about bringing agility to a business trying to grow at great pace. By connecting their planning in the Anaplan platform and tailoring that solution to NewDay, we have been able to provide the scale and flexibility they need to continue to grow in their challenging industry. We’re looking forward to continuing our relationship with this industry pioneer and working together to achieve its business goals.”
NewDay is a leading UK consumer finance provider, specialising in the near-prime and co-brands sectors of the UK credit card market. As at 31 December 2017, NewDay had approximately 5.4 million customers. Of these, 4.2 million customers hold co-brand credit and store cards offered in partnership with a number of the UK’s established retailers (including Amazon, Arcadia Group, Debenhams, House of Fraser, Laura Ashley, and TUI). 1.2 million customers hold own-brand credit cards, operating across the aqua, Fluid, marbles and opus brands. NewDay utilises its extensive customer knowledge of the near-prime and co-brand sectors to develop products and services that evolve in line with customers’ needs and promote long-term customer relationships.