Case Study: Fortune 500 Insurance Firm achieves 2,000 hours saved and an elevated IT strategic position with Nicus Software

Fortune 500 Insurance Firm Reclaims 2,000 Hours & Elevates IT’s Strategic Position in the Business

Fortune 500 Insurance Firm was struggling to manage an annual technology budget of over $70 million using spreadsheets, resulting in long budgeting cycles, poor communication between IT Finance and stakeholders, thousands of wasted analyst hours, and a loss of trust and strategic alignment with the business. To overcome these challenges the firm selected Nicus Software and implemented Nicus IT Planning as a replacement for its legacy spreadsheet-based planning system.

Nicus Software centralized budgeting data, provided role-specific self-service access, and automated planning processes with Nicus IT Planning, cutting non-labor planning time by 33%, reclaiming about 2,000 analyst hours annually, and accelerating the planning schedule by roughly eight weeks. These gains improved transparency and accuracy, reduced errors and back-and-forth questioning, and shifted IT Finance from reporting to strategic analysis—restoring trust and better aligning technology spend with business outcomes.