Every quarter, eCapital Advisors hosts a Workday Adaptive Planning User Group where clients share their experiences and gain exclusive access to upcoming trends. A recent User Group featured eCapital client Ed Liang, Bestow’s Director of Financial Planning & Analysis (FP&A), who spotlighted the company’s successful partnership with eCapital and Workday Adaptive Planning.

(Pssst… You can still register to join eCapital at the Workday Adaptive Planning User Group in Chicago on July 20, 2022.)

If you ask Ed Liang, he will tell you that his industry is “primed to disrupt” an old way of delivering life insurance by digitizing the process. Dallas-based Bestow is on a mission to make coverage accessible to millions of underserved families by creating the best possible software products and user experiences. Named by Forbes as one of America’s Best Startup Employers, Bestow needed a scalable infrastructure to keep its competitive edge.

A Place for Data

Like many startups, Bestow missed a central system to house budget and financial data from Excel and Google Sheets. With a maladaptive legacy system that did not integrate well with APIs or interface with other systems, the FP&A team’s ability to locate and consolidate data and produce necessary outputs was limited.

Partnering with eCapital

While several vendors were evaluated for the job, eCapital’s personalized demonstration and dedicated team set the firm apart, allowing Liang to realize the value of the investment. eCapital began weekly working sessions to deliver a custom balance sheet and centralized system tailored to Bestow’s needs.

The New Way Ahead

Today, Bestow has a firm handle on data management. Liang said he enjoys modeling multiple scenarios and dashboards highlighting data in visually digestible charts and graphs. With budgeting and forecasting data stored, Bestow’s FP&A team can view financial data from a business line perspective. What is more, automation opens the door for seamless integration and added analysis tools for Bestow in the future.

Performance Management Solutions for FP&A:

  • Multiple scenario modeling
  • Planning business lines
  • Data visualization
  • Customized solutions