Leading Construction Company
Discover how our OneStream implementation services enable your organization to streamline the financial close, report with confidence, and deliver faster, more accurate insights to stakeholders.
One of the leading companies within the construction industry needed to centralize data from Excel and other sources to support consolidations and financial reporting.
After the company selected OneStream as their CPM software solution, our CPM consulting firm applied our expertise in implementations to centralize financial data, introduce rules, create direct connections, and shorten the time to gather and analyze data.
- Centralized platform and direct connections with other software to consolidate data.
- Loaded and validated 5 years of historical data from two separate ERP systems.
- Reduced time to pull data from operations software from 1 month to 30 seconds!
- Streamlined financial reporting through dynamic cube views.
- Created 1 comprehensive view of historical data to replace multiple, disorganized views.
The Pre-Transformation Checklist for Finance
An 11-Step Risk Reduction Tool for CFOs and CAOs Who Aren’t Sure Where to Start
Summary
One of the leading companies within the construction industry needed to centralize data from Excel and other sources to support consolidations and financial reporting. After the company selected OneStream XF as their CPM software solution, the HollandParker team applied our expertise in implementations to centralize financial data, introduce rules, create direct connections, and shorten the time to gather and analyze data.
The Problem
Why Leading Construction Company Approached HollandParker?
The company lacked centralized mapping to connect financial data from various source systems. This created a need for a comprehensive solution to perform consolidations, generate financial statements, and view historical data.
- No centralized platform to report and analyze operations and staffing performance.
- Excel-based consolidations and eliminations.
- No clear audit trail on intercompany eliminations in past consolidations.
- Operations software only stored year-end and current period data, resulting in a time-intensive process to pull historical data for trend analysis.
The Solution
How We Approached the Problem
The HollandParker team worked relentlessly to create solutions that addressed each challenge.
- Centralized platform and direct connections with operations and staffing software to consolidate data.
- Loaded and validated 5 years of historical data from two separate ERP systems.
- Created transformation rules to map to OneStream specific accounts for entities that used third-party accounts for their intercompany revenue.
- Built out defined hierarchies to allow for data views at granular level to support decision-making.
- Overcame limitations within the operations software to bring together elements to support the client’s income statement improvements.
- Set up OneStream XF to incorporate Phase 2 budget and planning.
Here Are the Key Achievements for This Client
Reduced time to pull data from operations software from 1 month to 30 seconds!
Cut the time to convert business data from days to hours.
Replaced 7 separate reports for each entity with 7 dynamic cube views.
Created 1 comprehensive view of historical data to replace multiple, disorganized views.
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The Pre-Transformation Checklist for Finance
An 11-Step Risk Reduction Tool for CFOs and CAOs Who Aren’t Sure Where to Start
Leverage wisdom from 500+ enterprise finance transformations to ensure yours is smooth and successful.