You are cordially invited to stop by and hear Dril-Quip discuss their financial transformation to streamline and automate financial reporting and consolidations. Learn why 70% of our customers have switched from leading financial reporting products like Hyperion to OneStream.
Earn CPE credits while you learn more about unified Corporate Performance Management and organization alignment from Arthur Forbus, Managing Director of Alvarez & Marzal. Following a brief OneStream overview, listen to a customer testimonial from Scott Leever, Assistant Controller at Dril-Quip, and stay for cocktails and networking.
Built upon twenty years of inventing the market-leading solutions, our agile reporting, consolidation and planning platform delivers a simplified solution for the most complex organizations. Hear how our unified application has helped companies “Get Back to Business” with advanced capabilities, lower cost and less technical complexity.
Date: Thursday, October 27 4:00 PM – 7:00 PM CST
Venue: The Tasting Room, Uptown Park, 1101 Park Blvd, Houston, TX 77056
4:00 – 4:30 Alvarez & Marsal “Strategic Insights”
4:30 – 5:00 OneStream presentation
5:00 – 5:30 Dril-Quip testimonial
5:30 – 7:00 Networking, cocktails and hors d’oeuvres
Dril-Quip is an international, publicly-traded company that was using Excel to determine intercompany eliminations and consolidate their financial statements. With their regions using a mix of flat files, a separate chart of accounts and ERP system in Brazil, and an ERP system for all other subsidiaries that had its limitations, month end close was easily a 14-day cycle. Management was looking for a reporting tool that would provide business users departmental reports, a quicker way to validate their trial balance, visibility into foreign subsidiary balances in multiple currencies without straining the ERP system and ensuring their SEC External reports were correct. In order to expedite and streamline their close and reporting process, OneStream provided a solution that would help Dril-Quip provide timely financial statements. In addition to timeliness, it eliminated user driven errors that would cause manual process to reconsolidate their financial statements. Not only does OneStream provide actual reporting, Dril-Quip can also utilize the system for budget and forecasting processes. This would provide further data analysis for Dril-Quip to continue to make effective business decisions.
Arthur Forbus Bio
Arthur Forbus is a Managing Director with Alvarez & Marsal Performance Improvement in Houston and a regional leader of the firm’s Chief Financial Officer (CFO) Services practice. Arthur specializes in Integrated Performance Management (IPM) solutions and is a recognized expert in Enterprise Performance Management (EPM) and Business Intelligence (BI).
About Holland Parker
Holland Parker is an EPM consulting firm located in Houston, TX. Our consulting team, has a combined 40+ years of real-world industry experience and specializes in Enterprise Performance Management applications and Business Process Modeling. For more information, please visit www.hollandparker.com