Global Software Company
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A multi-billion dollar software company with business units spread across the globe was looking to combine key financial processes into the OneStream™ intelligent finance platform.
The customer previously used OneStream for Budgeting and Planning. Now, they needed to bring Consolidations into OneStream to combine with their existing processes in a future phase. We redesigned their financial data integrations to complete the migration process and deliver a single-source system.
- Unified Finance through access to one platform.
- Introduced standardized reporting.
- Created real-time access to financials.
- Migrated manually-created reports to OneStream.
The Pre-Transformation Checklist for Finance
An 11-Step Risk Reduction Tool for CFOs and CAOs Who Aren’t Sure Where to Start
Summary
A multi-billion dollar software company with business units spread across the globe was looking to combine key financial processes into the OneStream™ intelligent finance platform. The company had previously implemented OneStream for Budgeting and Planning, and now they were looking to bring Consolidations into their OneStream solution. To bring the company’s vision to fruition, the HollandParker team redesigned their financial data integrations to complete the migration process and deliver a single-source system for all of their Budgeting, Planning, and Consolidations processes.
The Problem
Why Global Software Company Approached HollandParker?
Prior to engaging HollandParker, the company had an existing OneStream solution in place to support their Budgeting and Planning. Before getting started, our team needed to complete an assessment of how the platform was originally set up to help us plan a new configuration. We also needed to understand how to best combine Consolidations in the future phase since the customer was moving away from Oracle Hyperion Financial Management (HFM). Our task was to migrate what was originally set up in HFM into OneStream, creating one system for Consolidations and Planning.
An additional challenge that our team worked through was finding a way to build out Consolidations in the same cube as Planning. This included an analysis of whether to redesign their use of the OneStream flow dimension solution for cash flow reporting after the company repurposed the solution to identify global currencies. Our decision was to rebuild Flow Dimension from scratch.
The Solution
How We Approached the Problem
We rebuilt the flow dimension to establish a baseline for cash flow that could be built out further in the future. We also combined the currency requirement into a separate UD dimension that housed the client’s statutory reporting requirements. As part of this process, we built a separate cube for Consolidations that would not impact Planning.
Here Are the Key Achievements for This Client
Unified the company’s finance processes by delivering a single platform for Consolidations, Budgeting, and Planning.
Introduced standardized reporting for GAAP, Non-GAAP, and Statutory requirements.
Established real-time access into financials by integrating the client’s Snowflake data warehouse through a data connect.
Moved manually-created reports to Cube Views and Quick Views in OneStream.
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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.