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Prudential Retirement, a division of Prudential Financial, focuses on pension and retirement-related services. It serves two groups -- sponsors, including corporations, non-profits and government entities, and the employees who work for those sponsors. It assists 6,800 sponsors in managing workplace benefits for 3.4 million employees preparing for retirement.
Across the organization, Prudential has used Mediasite to achieve its goals of improving organizational efficiency, streamlining costs and communicating well to its associates and clients.
Before it began using Mediasite, its associates would receive training in-person at a designated time, which required a lot of time, money and energy. Mediasite allows Prudential Retirement to pre-record sessions and make them available online or on a disk. All an associate needs is a computer. This has saved thousands of dollars in travel costs and is also an ecofriendly solution.
Mediasite also plays a vital role in how Prudential Retirement communicates to its clients. In the past, associates would have to travel to where the clients were located. Now, Prudential uses Mediasite to connect virtually via streaming video.
"We estimate that using Mediasite allows us to perform five times the number of client presentations than we could using the traditional delivery method. For every streaming video created we're saving an average of $600. When Mediasite is used for our larger client meetings, the savings sky rocket to close to $2,500 per client," said David Trapani, Director of Retirement at Prudential Financial.
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