HollandParker Client Success Stories
Dril-Quip
Dril-Quip, one of the world’s leading manufacturers of offshore drilling and production equipment, needed to advance from Excel to the OneStream software platform to unify and streamline their financial consolidations, reporting, budgeting, planning, and forecasting. HollandParker worked with the Dril-Quip team to implement OneStream software to complete the transition.
- Consolidations team reduced close cycle by 3 days.
- Inventory recapture reduced from days to minutes.
- FP&A group saved 60 days annually.
- Annual budget process moved up to 4th Quarter due to reliable forecasting.
- More time to analyze data, make adjustments, and address variance.
- Transparency and ownership of data throughout the organization.
