Press release
Dec 22, 2005
One of Australias leading Financial Services Companies, AMP, Selects the Prodacapo Solution
AMP – one of Australia's leading financial services companies– will implement the Prodacapo Enterprise Performance Management software solution, with a focus on expense management.
“The Prodacapo software will provide AMP with an additional layer of expense management information, building on our current financial systems. Using Prodacapo, we can improve efficiency, our granular view of service and product costs, and important financial functions such as traceability”, says Simon Hoole, AMP Group Finance Director, and Project Sponsor.
“Nine out of ten companies today can not access actionable management information to help them improve product, customer and channel profitability. This makes their work hard! Using our software, companies can make better decisions because it helps people understand how business processes and underlying activity drive performance, costs and profitability outcomes by product, segment and channel”, says Fredrik Wastenson, CEO at Prodacapo.
AMP selected Prodacapo after conducting a thorough selection and evaluation process. “Prodacapo was the best fit for our strategic direction. We have been pleased with the ease of development and flexibility of the tool”, says Simon Hoole.
AMP is a leading provider of wealth management products and services in Australia and New Zealand. AMP offers financial planning, retirement savings and income, risk and general insurance and selected banking products to both individual and corporate clients.
Key strategic objectives for AMP include improving productivity and unit costs, particularly in product manufacturing, planner operations, and for AMP Capital Investors, whilst also delivering better investment performance. Prodacapo will have an integral role in helping to achieve some of these objectives.
The contract with AMP has been signed by Prodacapo's distributor in Australia, ABM Systems.
For more information about ABM Systems, please visit www.abmsystems.com.
For more information about AMP, please visit www.amp.com.au
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