Asinta

Case Study: Invensys

How does a company improve benefits for thousands of employees across Canada and the UK? In the case of technology consultancy Invensys, the answer was to harmonize both through Asinta.

The Challenge

With headquarters in the UK, a large footprint in Canada and employee benefits run from Texas, Invensys relied upon a large international business consultancy for its Canadian employee benefits management, and upon Asinta in the UK. However, the large benefits manager was a poor fit for the smaller Canadian branch, while coordination of two benefits management firms added extra work. However, Invensys was reluctant to switch firms because the Canadian branch was very critical to the company’s success, and Invensys did like the security of working with the larger consultancy.

The Solution

Asinta met with Invensys to show them the administrative savings achievable by bringing the Canadian arm into the Asinta network along with the UK group, while also improving pooling through several new providers. Asinta’s Canadian affiliate, The Williamson Group, also accomplished two goals at once: freeing cash for Invensys by moving from a refund accounting structure to fully insured, and meeting the company’s desire for extra security in the critical Canadian branch.

The Result

Invensys realized immediate gains, solving it’s near term needs and receiving a $320,000 refund. The company will also see administrative savings over time. Equally important, Asinta’s UK and Canadian affiliates can now advise Invensys in a much more strategic capacity, with detailed knowledge of advantages and tradeoffs of programs in both countries. Meanwhile, Invensys now has full confidence that its needs are being handled with the personal attention they deserve.

“Asinta did a great job, providing Invensys with excellent service and expertise for our Canadian and UK operations. The benefits strategy and design is mostly run from the United States, so our Asinta affiliates were very valuable in helping us obtain significant savings from insurers, and they continue to be our eyes and ears abroad, alerting us to changes when they occur.”

-Lisa Cranfill, Director, Global Benefits, Invensys