Waterloo, N2L 4S4, ON,
Canada
Economical Insurance Technographics
Economical Insurance Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Economical Insurance and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 2000 Economical Insurance employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Economical Insurance has purchased the following applications: Oracle E-Business Suite for ERP Financial in 2009, Oracle E-Business Suite HRMS for Core HR in 2009, Microsoft 365 for Collaboration in 2019 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Economical Insurance is running and its propensity to invest more and deepen its relationship with Oracle , Docebo , Microsoft or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Economical Insurance revenues, which have grown to $1.31 billion in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Economical Insurance intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Economical Insurance Tech Stack and Enterprise Applications
Economical Insurance ERP
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle E-Business Suite | ERP Financial | ERP | n/a | 2009 | 2009 |
In 2009, Economical Insurance implemented Oracle E-Business Suite as its ERP Financial solution. The deployment targeted Oracle E-Business Suite Financials and HRMS modules to consolidate corporate finance and human resources operations within its Canadian organization.
The implementation emphasized configuration of core Financials components including General Ledger, Accounts Payable, Accounts Receivable and subledger reporting, alongside HRMS capabilities for employee records and payroll interface management. Configuration activities focused on chart of accounts design, transactional controls, period close workflows and role based security within Oracle E-Business Suite.
Architecturally the Oracle E-Business Suite was provisioned on an on premise Oracle application stack, with integration between Financials and HRMS to support payroll cost accounting and automated ledger postings. Integration patterns followed ERP Financial norms, using batch and real time interfaces to propagate HR transactions into financial journals, support intercompany accounting flows and handle electronic supplier invoicing.
Operational ownership was placed with Finance and HR stakeholders, while technical leads managed configuration, interface development and cutover sequencing. The engagement required experience leading configuration and integration of Oracle E-Business Suite Financials and HRMS to establish controls, reconcile interfaces and operationalize period close and payroll accounting processes.
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Economical Insurance HCM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Oracle | Legacy | Oracle E-Business Suite HRMS | Core HR | HCM | n/a | 2009 | 2009 |
In 2009, Economical Insurance implemented Oracle E-Business Suite HRMS to launch enhanced HRIS capabilities across its HR organization. The Core HR deployment centered on Oracle E-Business Suite HRMS and included a coordinated rollout of Oracle HRIS, Payroll, Applicant Tracking System and Performance Management Application to establish a unified personnel record and transaction platform.
Implementation work focused on configuring core HR workflows and payroll processing, establishing applicant lifecycle management via the Applicant Tracking System, and instrumenting performance review workflows in the Performance Management Application. Oracle employee and manager self-service was configured and provisioned to surface HR data directly to managers and employees, reducing manual HR administration and enabling self-service transactions such as profile updates and review submissions.
Operational coverage emphasized HR, people managers, and individual contributors across Economical Insurance, with the Oracle employee and manager self-service capability improving access to HR data for day to day operations. The deployment consolidated HR transactional processing and case handling within Oracle E-Business Suite HRMS, supporting both transactional payroll runs and ongoing talent management activities.
Governance included centralized HRIS administration and standardized process controls for hiring, payroll, and performance cycles, together with phased rollout of self-service to reduce administrative overhead. Outcomes reported with the rollout included improved access to HR data, improved efficiency, and reduced administration as a result of the Oracle E-Business Suite HRMS implementation.
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Core HR | HCM |
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2001 | 2018 |
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Learning and Development | HCM |
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2022 | 2022 |
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Recruiting, Applicant Tracking System | HCM |
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2014 | 2014 |
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Recruiting, Applicant Tracking System, Candidate Relationship Management | HCM |
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2017 | 2019 |
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Economical Insurance Collaboration
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Microsoft | Legacy | Microsoft 365 | Collaboration | Collaboration | n/a | 2019 | 2019 |
In 2019, Economical Insurance implemented Microsoft 365. Microsoft 365, listed in the Collaboration category, is referenced on the company website as the organization’s cloud-hosted productivity and collaboration suite.
The deployment follows a cloud tenancy model delivering Collaboration capabilities commonly associated with Microsoft 365, including Exchange Online style email services, SharePoint Online style intranet and document management, Microsoft Teams style synchronous collaboration, and OneDrive style personal file storage. Configuration work emphasized tenant provisioning, mailbox and site structure, document libraries and team site templates, and policy-driven sharing controls to support insurance workflows.
Operational coverage is organization-wide, aligning core business functions in underwriting, claims, IT, and corporate services to standardized mail, document collaboration, and meeting workflows. Governance focused on tenant-level role based access controls, content retention and sharing policies, and secure collaboration settings to address regulatory and information governance requirements typical for the insurance sector.
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Economical Insurance Content Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Digital Signing | Content Management |
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2020 | 2020 |
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Digital Signing | Content Management |
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2021 | 2021 |
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Economical Insurance ITSM
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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IT Service Management | ITSM |
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2016 | 2016 |
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Economical Insurance Investment Management
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
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Portfolio and Investment Management | Investment Management |
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2020 | 2020 |
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IT Decision Makers and Key Stakeholders at Economical Insurance
Apps Being Evaluated by Economical Insurance Executives
| Date | Company | Status | Vendor | Product | Category | Market |
|---|---|---|---|---|---|---|
| 2025-11-07 | Economical Insurance | Evaluated | Docebo | Docebo LMS | Learning and Development | HCM |
| 2025-11-04 | Economical Insurance | Evaluated | DotCMS | DotCMS | Content Management | Content Management |
| 2025-09-18 | Economical Insurance | Evaluated | Oracle | Oracle HR Help Desk Cloud Service | HR Service Delivery | HCM |
| 2025-01-29 | Economical Insurance | Evaluated |
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Customer Engagement, Customer Experience | CRM |