Case Studies
Dril-Quip Streamlines Financial Reporting and Planning with OneStream
Overview
Functional Applications - Enterprise Resource Planning Systems (ERP) | |
Oil & Gas | |
Business Operation | |
Cloud Planning, Design & Implementation Services System Integration Training | |
Operational Impact
OneStream provided a simplified process for global regions to load their trial balance directly from the general ledger, ensuring timely and accurate reporting. | |
The pre-built functionality for automatic intercompany eliminations made it easier to identify and resolve out-of-balance conditions quickly. | |
OneStream enabled Dril-Quip to generate financials for SEC reporting more efficiently by leveraging custom dimensions to organize costs. | |
Quantitative Benefit
60 days saved annually in forecasting through the implementation of OneStream. | |
Reduced monthly close cycle by three days. | |
Intercompany eliminations reduced from days to minutes. | |