Titan - Image by Artie_Navarre from PixabayTitan Wealth is to transform its financial budgeting and forecasting processes using the Anaplan FP&A solution. Founded in 2021, Titan Wealth is a discretionary fund management/wealth and asset management business. Backed by Parthenon Capital Partners, Ares Management, Maven Capital Partners and Hambleden Capital, the firm has grown rapidly through acquisition.

In February 2023, the firm secured a major investment from Parthenon Capital. With recent acquisitions, including Ravenscroft‘s UK-based investment management business and Square Mile Investment Consulting and Research Ltd. Bringing the total number of firms in the group to nine. It is looking to make further acquisitions but identified the need to update its financial systems to help manage the growth.

After a thorough review of the solutions on the market, the team at Titan Wealth felt that the Anaplan solution was the best fit. It wanted a finance planning tool to support its rapid and agile growth and provide visibility across the whole Group. Alongside Anaplan, it decided to work with the Anaplan sales and implementation partner MENTAT Technology. MENTAT has delivered more than a hundred implementations of Anaplan. It has previously worked with TARMAC, a CRH Company and the Barbican Insurance Group.

Ken Coveney, Chief Financial Officer at Titan Wealth, said, “Mentat Technology and Anaplan were able to clearly demonstrate that they could model our financial budgeting and forecasting requirements, including the parts of our business with higher levels of complexity. It was clear to us that Anaplan was unparalleled in its capabilities. We’re pleased to partner with them to support our finance transformation”. 

The project

The first phase of the project will see MENTAT deploy the Anaplan solution for budgeting and forecasting at Titan. The project has started with MENTAT assisting with the implementation and the training. Once this is completed, Titan aims to add connected planning and forecasting within the M&A team.

Daniel Ellis, Director at Mentat Technology, commented, “We’re delighted to partner with Titan and to support them with their implementation of Anaplan. We look forward to supporting Titan through their next phase of growth and technology transformation.”

Enterprise Times: What does this mean

This is another solid with for Anaplan in the financial services sector. Fast-growing organisations must always consider whether their technology architecture will support the expanded and future size of the organisation. In selecting Anaplan, it believes it has found the right solution to help them grow even faster.

Dayne Turbitt, Managing Director for EMEA at Anaplan
Dayne Turbitt, Managing Director for EMEA at Anaplan

Dayne Turbitt, Managing Director for EMEA at Anaplan, said, “Data-informed planning and forecasting is still the Achilles heel of too many organisations. Creating one source of truth and analysing all data available enables better decision-making, and we’re delighted to see more companies across the financial sector unlocking these benefits to streamline operations and transform processes. We’re thrilled to have been able to partner with Titan Wealth in the next phase of their expansion and look forward to an exciting future working together.”

That Titan Wealth was happy to participate in a press release announcing the win is a positive for both Anaplan and MENTAT. What would be more useful is a case study to bring the total number on the MENTAT site to three, cementing its reputation with its expertise on Anaplan.

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