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
In addition to time savings from automated cashflow, the real-time financial presentation of close results has reduced turnaround time. We gained self-service reporting abilities for results throughout the close cycle, eliminating the tedious time it took to create and reconcile reports to instead provide deeper analysis on those results. We also gained the peace of mind that comes with consistent allocation performance.
Heather Dunn
Vice President & Chief Financial Officer
West Bend Mutual Insurance
West Bend Mutual Insurance (WBMI), one of the largest insurance providers in the U.S., migrated from error-prone Excel spreadsheets to the OneStream software platform.
Implementing OneStream allowed WBMI to streamline the close process, create transparent reports, and establish strong internal controls.
An 11-Step Risk Reduction Tool for CFOs and CAOs Who Aren’t Sure Where to Start
West Bend Mutual Insurance (WBMI) is a mutual insurance company that provides broad insurance coverage at reasonable rates for homes, autos, and businesses in the Midwest U.S.—and beyond.
WBMI migrated from error-prone Excel spreadsheets to the OneStream XF software platform after considering other CPM solutions. Implementing OneStream XF allowed WBMI to streamline the close process, create transparent reports, and establish strong internal controls.
The problem
WBMI was challenged to meet reporting requirements, achieve data visibility, and maintain internal controls due to a fragmented approach to data collection, validation, and reporting. Further, the transparency by operations to financial detail was limited.
The Solution
We implemented OneStream XF software in multiple phases. Phase 1 supported financial close, including allocations, reporting, annual budgeting, and account reconciliations; Phase 2 supported planning and the implementation of OneStream XF MarketPlace solutions. WBMI was positioned to meet financial reporting and future planning requirements:
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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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