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.
Unified
Streamlined Reporting
One Stream
Dril-Quip’s new driver-based forecasting process within OneStream not only simplifies the workflow for each of our users by providing a guided step-by-step process, but it also enhances our users’ experience through the automation of processes that were previously manual in nature. As a result, company management is able to make important operational and strategic decisions based on key trends identified by this higher quality forecast.
Trevor Ashurst
Dril-Quip Manager
For Financial Planning & Analysis and Investor Relations
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.
An 11-Step Risk Reduction Tool for CFOs and CAOs Who Aren’t Sure Where to Start
Dril-Quip is one of the world’s leading manufacturers of offshore drilling and
production equipment. The company also provides technical advisory
services, reconditioning services, and running tools across the globe.
HollandParker worked with the Dril-Quip team to implement OneStream XF
software to complete the transition.
The problem
Dril-Quip was dependent on Excel spreadsheets for consolidations,reporting, and their close process. This led to data inconsistencies, errors from manual input, a lengthy and inefficient close process, a lack of visibility for senior management to make strategic decisions, and gaps in accountability with regional controllers. The company also needed to strengthen internal controls over financial reporting.
The Solution
Dril-Quip OneStream XF over Oracle HFM to address each financial
challenge in a one-stop software solution. Utilizing HollandParker as their
implementation partner, Dril-Quip met all of their financial reporting and
planning goals:
Post Holdings evaluated both Oracle Hyperion and OneStream as potential solutions. Ultimately, OneStream wa…
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Finance Leaders Fired for hiring us
Years Experience in Enterprise Finance Technology
finance technology implementations completed
Years Experience in Enterprise Finance Technology
An 11-Step Risk Reduction Tool for CFOs and CAOs Who Aren’t Sure Where to Start
By following this checklist, organizations can systematically approach their finance technology transformation, ensuring that all critical aspects are addressed and that the transition is smooth and successful.
CFOs can’t transform finance if they’re not sure where to start. HollandParker gives CFOs the power to see where they should prioritize technology investments so they can transform finance with confidence.
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