Case Studies BDO Transforms Financial Planning and Reporting with OneStream

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	BDO Transforms Financial Planning and Reporting with OneStream

BDO Transforms Financial Planning and Reporting with OneStream

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Professional Service
Applicable Functions	Business Operation Quality Assurance
Services	Software Design & Engineering Services System Integration
Challenge	BDO had been using several Oracle Hyperion applications since 2009 to support their planning, reporting, and analysis processes. Over time, their deployment had grown to include three Hyperion Planning applications and nine Essbase reporting cubes spanning ledger data, contracts, employees, projects, demand, and workforce reporting. This complex landscape of applications led to multiple versions of the truth, manual data movement, system stability and availability issues as the data volumes grew, and ongoing maintenance challenges. It was time for a change. Read More
About Customer	BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 650 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of over 80,000 people working out of 1,591 offices across 162 countries. Read More
Solution	The BDO team, led by CFO Lynn Calhoun, evaluated several alternatives and selected OneStream as their go-forward solution. OneStream was chosen because it met three primary requirements: scalability, information delivery, and data integrity. OneStream offers a platform that would handle larger data volumes as BDO grows and empowers key decision-makers with accurate information, rich dashboarding, and reporting capabilities. By combining multiple disparate data sets, OneStream creates 'One Source of the Truth' for BDO. The BDO and Finit team launched a multi-phase project in October 2018 that initially focused on implementing OneStream for actuals reporting. In the second phase, they extended the application to support their budgeting and planning process. A key capability delivered as part of the solution was a central landing page for all users, guiding them to each key area of the application and providing critical status information. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Functional Applications - Enterprise Resource Planning Systems (ERP)

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Professional Service

Applicable Functions

Business Operation

Quality Assurance

Services

Software Design & Engineering Services

System Integration

Challenge

BDO had been using several Oracle Hyperion applications since 2009 to support their planning, reporting, and analysis processes. Over time, their deployment had grown to include three Hyperion Planning applications and nine Essbase reporting cubes spanning ledger data, contracts, employees, projects, demand, and workforce reporting. This complex landscape of applications led to multiple versions of the truth, manual data movement, system stability and availability issues as the data volumes grew, and ongoing maintenance challenges. It was time for a change.

About Customer

BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 650 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of over 80,000 people working out of 1,591 offices across 162 countries.

Solution

The BDO team, led by CFO Lynn Calhoun, evaluated several alternatives and selected OneStream as their go-forward solution. OneStream was chosen because it met three primary requirements: scalability, information delivery, and data integrity. OneStream offers a platform that would handle larger data volumes as BDO grows and empowers key decision-makers with accurate information, rich dashboarding, and reporting capabilities. By combining multiple disparate data sets, OneStream creates 'One Source of the Truth' for BDO. The BDO and Finit team launched a multi-phase project in October 2018 that initially focused on implementing OneStream for actuals reporting. In the second phase, they extended the application to support their budgeting and planning process. A key capability delivered as part of the solution was a central landing page for all users, guiding them to each key area of the application and providing critical status information.

Impact #1	BDO now has a reliable and stable system supporting their mission-critical planning and reporting processes.
Impact #2	Users are empowered with daily insights into customers, projects, and resource utilization.
Impact #3	The internal development team is more willing to take on enhancement requests.

Impact #1

BDO now has a reliable and stable system supporting their mission-critical planning and reporting processes.

Impact #2

Users are empowered with daily insights into customers, projects, and resource utilization.

Impact #3

The internal development team is more willing to take on enhancement requests.

Benefit #1	BDO loads 10 million records nightly, which is transformed into 30 to 40 million rows of data in OneStream’s Analytic Blend engine.
Benefit #2	The data processing results in over 300 trillion cell intersections.

Benefit #1

BDO loads 10 million records nightly, which is transformed into 30 to 40 million rows of data in OneStream’s Analytic Blend engine.

Benefit #2

The data processing results in over 300 trillion cell intersections.

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Overview

BDO Transforms Financial Planning and Reporting with OneStream

Operational Impact

Quantitative Benefit