Executing a Faster Period-End Close Process

Katie Shotbolt

Financial Accounting, McCain Foods

Extensibility is such a powerful feature of OneStream. By extending our corporate chart of accounts to the level of each unique GL system, the data in OneStream is both relevant and inclusive for all our regions. It allows corporate and regions to speak the same language. In our old world with SAP BPC, we were closing the books on Day six and now we’re closing at Day four. That’s something we are incredibly proud of and something OneStream has helped us achieve.

Hanno van Vuren

Controller, Hunkemoller

We went for OneStream because it is a platform-based application rather than a modular one. If we want to add additional processes, such as strategic planning, it will come under the same platform and license. That also means that the figures come from a single source, so we don’t
have to construct the data all over again.

Vanita Thornton

Sr. Director Global Operational Accounting & Financial Systems, Herbalife Nutrition

OneStream helps me evaluate internal transfer profit to bring the balance sheet back to the cost level. OneStream has enabled us to easily peel back the layers and eliminate the profit. Each country uploads their balances on day four or five, and we can finish consolidations and flux analysis by day nine.

Ryan Wild

VP, Global Technology & Solutions, The Carlyle Group

HFM premier support was expiring… it would have been a seven figure project to upgrade our existing Hyperion application

Johnson Outdoors

Lori Strangberg, Corporate Controller

The OneStream platform allowed us to deliver global financial consolidation, management reporting, guided workflows, and a robust planning solution all in one product and one application. The modern platform gives us the ability to adapt more quickly to business changes and deliver more value to the business.

Ed Goodwin

VP of Finance, Frank's International

To accommodate our complex requirements, Frank’s International leveraged the Extensible Dimensionality® of OneStream to capture rig name, product type, location, product vs. equipment rental and service and cost of revenue detail needed for planning purposes.

Pam Brady

Global Financial Business Analyst, AFL

Pushing accountability for data quality down to the line of business users with OneStream has improved efficiency at AFL and provided more time for value-added analysis of the business. This has been huge as it provides better visibility into the results and improved decision-making at every level in the organization.

John Alsobrook

Manager, Financial Systems, Fruit of the Loom

OneStream in the cloud has provided us the flexibility to address new user requirements more quickly than we could with HFM. Data mapping is much easier and audit capabilities are stronger. And the responsiveness of OneStream support has been amazing, addressing issues quickly and proactively helping us tune performance.

CFOs and finance teams must lead organizational decision-making processes with insight, speed and confidence. Yet many are still bogged down by inefficiencies in routine processes such as the period-end financial close and reporting cycle, making it difficult to deliver timely and accurate results to key stakeholders.

A key competitive advantage of executing a faster period-end close process is that executives and managers across the organization gain access to timely financial and operating results allowing them to make decisions that support profitable growth.

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