Case Studies Cleaver-Brooks Enhances Financial Processes with OneStream Intelligent Finance Platform

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	Cleaver-Brooks Enhances Financial Processes with OneStream Intelligent Finance Platform

Cleaver-Brooks Enhances Financial Processes with OneStream Intelligent Finance Platform

Technology Category	Analytics & Modeling - Predictive Analytics Functional Applications - Enterprise Resource Planning Systems (ERP) Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Equipment & Machinery
Applicable Functions	Business Operation Quality Assurance
Services	Software Design & Engineering Services System Integration Training
Challenge	Cleaver-Brooks manufactures multiple distinctive product types that each require unique accounting, budgeting, and reporting needs. With operating facilities located across the US, Canada, and Mexico, their financial close process for reporting, budgeting, and analysis was painstakingly slow and needed improvement. Cleaver-Brooks was using IBM Cognos for their corporate performance management (CPM) needs. They had the right formulas built-in to the system, yet still too much time was spent ensuring their finance team had the most up-to-date and accurate data. There was not enough time left to spend dissecting what the data was telling about the business. This was particularly problematic for planning and budgeting, as the process was cumbersome and time-consuming. Cleaver-Brooks needed a solution that could streamline their financial processes and provide better data integrity and visibility. Read More
About Customer	Cleaver-Brooks is a world-renowned provider of boiler room products and systems, committed to providing efficient solutions that help its customers and the industry reduce energy usage, cost, and environmental impact. As the pioneer of packaged firetube and watertube boilers, Cleaver-Brooks is the only manufacturer in the world to offer an entirely integrated boiler room solution for any size application. Its products are backed by a world-class representative network offering superior aftermarket service and solutions. With operating facilities located across the US, Canada, and Mexico, Cleaver-Brooks serves a diverse range of industries and is dedicated to innovation and excellence in its field. Read More
Solution	Cleaver-Brooks selected OneStream as their CPM solution to streamline their financial processes and automate cash flow and balance sheet budgeting. OneStream was chosen for its flexibility and visibility into financial and operational data. The OneStream Intelligent Finance Platform provides reliable system performance and a granular level of detailed results. Cleaver-Brooks implemented OneStream for financial consolidation and reporting, budgeting, forecasting, and analysis. Each business unit now has the ability to view, close, and run their consolidation process independently. The implementation of OneStream was seamless, with quick and easy integrations with Great Plains for data collection. The new budgeting process is driver-based and uses spreading and allocations to speed up the process of producing weekly forecasts. Additionally, the downloadable People Planning MarketPlace solution allowed Cleaver-Brooks to budget headcount and calculate payroll costs within the same platform. 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

Equipment & Machinery

Applicable Functions

Business Operation

Quality Assurance

Services

Software Design & Engineering Services

System Integration

Training

Challenge

Cleaver-Brooks manufactures multiple distinctive product types that each require unique accounting, budgeting, and reporting needs. With operating facilities located across the US, Canada, and Mexico, their financial close process for reporting, budgeting, and analysis was painstakingly slow and needed improvement. Cleaver-Brooks was using IBM Cognos for their corporate performance management (CPM) needs. They had the right formulas built-in to the system, yet still too much time was spent ensuring their finance team had the most up-to-date and accurate data. There was not enough time left to spend dissecting what the data was telling about the business. This was particularly problematic for planning and budgeting, as the process was cumbersome and time-consuming. Cleaver-Brooks needed a solution that could streamline their financial processes and provide better data integrity and visibility.

About Customer

Cleaver-Brooks is a world-renowned provider of boiler room products and systems, committed to providing efficient solutions that help its customers and the industry reduce energy usage, cost, and environmental impact. As the pioneer of packaged firetube and watertube boilers, Cleaver-Brooks is the only manufacturer in the world to offer an entirely integrated boiler room solution for any size application. Its products are backed by a world-class representative network offering superior aftermarket service and solutions. With operating facilities located across the US, Canada, and Mexico, Cleaver-Brooks serves a diverse range of industries and is dedicated to innovation and excellence in its field.

Solution

Cleaver-Brooks selected OneStream as their CPM solution to streamline their financial processes and automate cash flow and balance sheet budgeting. OneStream was chosen for its flexibility and visibility into financial and operational data. The OneStream Intelligent Finance Platform provides reliable system performance and a granular level of detailed results. Cleaver-Brooks implemented OneStream for financial consolidation and reporting, budgeting, forecasting, and analysis. Each business unit now has the ability to view, close, and run their consolidation process independently. The implementation of OneStream was seamless, with quick and easy integrations with Great Plains for data collection. The new budgeting process is driver-based and uses spreading and allocations to speed up the process of producing weekly forecasts. Additionally, the downloadable People Planning MarketPlace solution allowed Cleaver-Brooks to budget headcount and calculate payroll costs within the same platform.

Impact #1	Reporting processes with OneStream are far faster and easier to complete than ever before. Previously, management reporting at Cleaver-Brooks would take an hour to finalize. Now, the entire process takes only a matter of minutes, allowing more time for value-added analytics.
Impact #2	OneStream’s tailored solution has allowed each business unit the ability to take control of their own consolidation, reporting, analysis, and close process—a key requirement for Cleaver-Brooks.
Impact #3	With the People Planning MarketPlace solution, Cleaver-Brooks can accurately budget for manufacturing needs and correctly match required capacity with anticipated production and revenue targets.

Impact #1

Reporting processes with OneStream are far faster and easier to complete than ever before. Previously, management reporting at Cleaver-Brooks would take an hour to finalize. Now, the entire process takes only a matter of minutes, allowing more time for value-added analytics.

Impact #2

OneStream’s tailored solution has allowed each business unit the ability to take control of their own consolidation, reporting, analysis, and close process—a key requirement for Cleaver-Brooks.

Impact #3

With the People Planning MarketPlace solution, Cleaver-Brooks can accurately budget for manufacturing needs and correctly match required capacity with anticipated production and revenue targets.

Benefit #1	Management reporting time reduced from one hour to a matter of minutes.
Benefit #2	Acquisition data loading time reduced from months to a day or two.

Benefit #1

Management reporting time reduced from one hour to a matter of minutes.

Benefit #2

Acquisition data loading time reduced from months to a day or two.

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Overview

Cleaver-Brooks Enhances Financial Processes with OneStream Intelligent Finance Platform

Operational Impact

Quantitative Benefit