Energy Utilities and Construction 1

Energy Utilities and Construction

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.

Streamlined Close

Complete Transparency

Internal Controls

An energy utilities and construction company needed to move away from manual input in Excel spreadsheets, upgrade from a consolidations tool that was no longer supported, and gain visibility into cash flow.

The company was also acquiring an international company, complicating the comparability of data. We built a new multi-currency OneStream Consolidations application to report monthly actual data, which allowed for efficient and timely financial reporting.

The Pre-Transformation Checklist for Finance

An 11-Step Risk Reduction Tool for CFOs and CAOs Who Aren’t Sure Where to Start

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Summary

A U.S.-based corporation specializing in energy utilities and construction with $4.4 billion in annual revenue and four business units required a new approach to consolidations. The corporation migrated from manual data consolidation and the expiring Hyperion Enterprise application to OneStream XF to create a standardized close and consolidation process rolling up financial data from the business units to the corporate general ledger. We implemented a multi-cube design that seamlessly connected all business units to the corporate account structure.

Energy Utilities and Construction 2

The problem

Why Energy Utilities and Construction Approached HollandParker?

The corporation required a uniform solution to execute consolidations that would address each of these challenges:

The Solution

How We Approached the Problem

We supported the corporation’s migration to OneStream XF, which required a very complex multi-cube design and unique data mappings for all business units to connect to their various data sources. The project also called for rolling up all of the business units to the same account dimensions and using the correct intercompany mappings/plug accounts.

Energy Utilities and Construction 3

Here Are the Key Achievements for This Client

Standardized close and consolidation process.

Faster data collection improved data accuracy, reliability, and responsiveness in support of higher quality and more frequent data analysis.

Real-time access to centralized financial data in a consistent and uniform format.

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One platform for central data collation, management, analysis, and reporting across multiple data sources.

Energy Utilities and Construction 5

Enabled Corporate to have advanced insight into financial performance with the ability to drill down/drill back to source.

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Flexible data management standardized diverse information from each business unit.

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Supported a checks and balances system to track each business unit’s close processes and workflows.

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FERC reporting and GAAP reporting were completed in one location, removing the need for separate reporting.

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Extensibility of the modular and expandable OneStream XF platform will support the addition of new corporate organizations, as applicable.

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Finance Leaders Fired for hiring us

25+

Years Experience in Enterprise 
Finance Technology

HollandParker by the Numbers

589

finance technology implementations completed

25+

Years Experience 
in Enterprise 
Finance Technology

The Pre-Transformation Checklist for Finance

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.

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The Pre-Transformation Checklist for Finance

Tap into wisdom gained through 300+ finance transformations to uncover answers to questions you have and those you should.

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