As the business world becomes more competitive, building and sustaining a successful business requires executives, managers, and employees to understand the company’s strategy, so their own goals and plans align with the organization’s objectives. Making this connection requires a thoughtful management process. For most companies, it also requires technology. A...
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Now is the Time for FP&A Leaders to Embrace Long-Range Planning

For many organizations, the role of Financial Planning and Analysis (FP&A) has been completely reinvented in recent years to support rapidly-changing planning and forecasting needs. There are now great expectations on FP&A teams to leverage financial insights to navigate future uncertainty. In light of this change, it’s time for FP&A...
Modernize Finance By Selecting the Ideal EPM Platform For Your Organization

At the beginning of the decade, McKinsey & Company released a report capturing the opportunity to transform Finance by 2030. The report highlights four critical objectives for Finance organizations to achieve: Identify opportunities for efficiencies, moving beyond transactional activities. Get better at managing data and controlling the flow of information....
Fast-Track Financial Software Implementation: A Step-by-Step Guide

Technology-driven change can be difficult for organizations, especially if you have business units spread across the globe. Breaking dependency on Excel spreadsheets, legacy financial software applications, and manual-entry processes sounds like a daunting task. But, when your organization works with our firm, we work with you to simplify the complexity...
There’s Only One Financial Close Solution to Consider in 2022

The financial close is one of the more complicated aspects of fiscal activity within corporations. It requires the full cooperation of Finance as well as input from business units across the enterprise to coordinate the closure of a financial period each month, quarter, or year. Without the right software solution...
4 Keys to Successful Financial Software Implementation

As one of the leading OneStream software implementation partners, we are often asked about our keys to success supporting financial software implementation. First, we believe that successful implementation projects begin with a clear understanding of your people, processes, and technology: Who are your people -- and how are they affected...
Is It Time to Review Your Budget Setting Cycle for 2022?

Setting and adjusting budgets in global organizations is a cyclical process that involves many different business units. Individuals and teams all have unique responsibilities driving toward the ultimate goal of maintaining fiscal responsibility, which introduces a host of different perspectives and opinions. Naturally, as organizations become larger and expand further...
3 Financial Data Visualization Best Practices To Win At Leveraging Your Data

Developments in software and cloud technology have afforded global organizations unprecedented capabilities to collect, integrate, and analyze financial data. The ability to rapidly process millions of data points has given companies the insights they need to make real-time decisions. Having all of this data is wonderful. Being able to present...
How Controllers Can Close and Consolidate Faster With OneStream

There are several challenges that controllers in global organizations face when supporting the period-end financial close. These challenges present themselves in various ways, including: Integrating and validating data from multiple, disconnected sources. Translating currency and performing impact analysis. Executing intercompany eliminations. Performing account reconciliations. Supporting tax provisioning. For a global...
CFO Spotlight: How to Lead a Faster Period-End Close Process

CFOs and finance teams must lead organizational decision-making processes with insight, speed, and confidence. Yet, many financial leaders are 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. Meanwhile, there...

WestBend Mutual Insurance
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.