Challenge
- Complex Excel based planning process leaving the organization open to risk and time-consuming manual processes
- Completed multiple scenarios for planning – including a base version, upside and downside – requiring multiple stakeholders to work within the Excel spreadsheets in parallel
- Disparate technology managing actuals, external reporting, and account reconciliations. (HFM, FDM, Essbase, Blackline)
- Opens itself to risk, especially for important SOX related compliance
Solution
- 90 day go-live (Planning)
- Ability to plan at same granular account detail as actuals
- Seeding operating expenses and benefits with business drivers
- Leveraging workflow to standardize process and tasks
- Fully formatted and automated board books
- Detailed audit reports with drill-back ability
Benefit
- Successfully migrated their planning process out of Excel spreadsheets and into OneStream
- Spends much less time checking formulas and manually linking files and more time on analysis of the key business drivers and planning scenarios
- Leveraging detailed workflows and business drivers to standardize and seed various planning scenarios – creating focus on driving the business
