Case Studies Evoqua Water Technologies Implements OneStream for Financial Consolidation and Reporting

Edit This Case Study Record

	Evoqua Water Technologies Implements OneStream for Financial Consolidation and Reporting

Evoqua Water Technologies Implements OneStream for Financial Consolidation and Reporting

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Utilities
Applicable Functions	Business Operation Quality Assurance
Services	Software Design & Engineering Services System Integration Training
Challenge	Core requirements revolved around converting an Excel®-based model to a Financial Reporting system to manage continued growth. There was a significant need for automated and standardized management and external reporting. Read More
About Customer	Evoqua Water Technologies is a leader in water and wastewater treatment products, systems, and services for industrial and municipal customers. Its comprehensive, cost-effective, and reliable treatment systems and services reduce fresh water demand, ensure uninterrupted quantity and quality of water, and enable regulatory and environmental compliance. With a wide range of proven product brands and advanced water and wastewater treatment technologies, mobile and emergency water supply solutions, and service contract options, Evoqua helps cities provide clean water and industrial plants to maintain productivity and profitability. Read More
Solution	Evoqua implemented OneStream for financial consolidation, reporting, budgeting, and forecasting. They leveraged the consolidation functionality to automate intercompany eliminations in all hierarchies, currency translation, and cash flow reporting. The core budget and forecast capabilities were used to perform forecasts at detailed profit center and cost center levels. Management and external reporting were standardized with executive dashboards and Guided Reporting, as well as a monthly financial reporting book. The OneStream SAP Connector was used to automate SAP feeds, providing visibility to detailed transactions within SAP via the reporting tool. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Utilities

Applicable Functions

Business Operation

Quality Assurance

Services

Software Design & Engineering Services

System Integration

Training

Challenge

Core requirements revolved around converting an Excel®-based model to a Financial Reporting system to manage continued growth. There was a significant need for automated and standardized management and external reporting.

About Customer

Evoqua Water Technologies is a leader in water and wastewater treatment products, systems, and services for industrial and municipal customers. Its comprehensive, cost-effective, and reliable treatment systems and services reduce fresh water demand, ensure uninterrupted quantity and quality of water, and enable regulatory and environmental compliance. With a wide range of proven product brands and advanced water and wastewater treatment technologies, mobile and emergency water supply solutions, and service contract options, Evoqua helps cities provide clean water and industrial plants to maintain productivity and profitability.

Solution

Evoqua implemented OneStream for financial consolidation, reporting, budgeting, and forecasting. They leveraged the consolidation functionality to automate intercompany eliminations in all hierarchies, currency translation, and cash flow reporting. The core budget and forecast capabilities were used to perform forecasts at detailed profit center and cost center levels. Management and external reporting were standardized with executive dashboards and Guided Reporting, as well as a monthly financial reporting book. The OneStream SAP Connector was used to automate SAP feeds, providing visibility to detailed transactions within SAP via the reporting tool.

Impact #1	OneStream delivers powerful management and ad hoc reporting for corporate HQ and business users.
Impact #2	Evoqua benefits from the value of one application that can share and extend dimensions to deliver multiple solutions without technical complexity.
Impact #3	Having all solutions in a single product means end users have a consistent guided workflow process to follow no matter the process or analytic collection.

Impact #1

OneStream delivers powerful management and ad hoc reporting for corporate HQ and business users.

Impact #2

Evoqua benefits from the value of one application that can share and extend dimensions to deliver multiple solutions without technical complexity.

Impact #3

Having all solutions in a single product means end users have a consistent guided workflow process to follow no matter the process or analytic collection.

Benefit #1	System upgrades are done in under one hour.

Benefit #1

System upgrades are done in under one hour.

Download PDF Version

Overview

Evoqua Water Technologies Implements OneStream for Financial Consolidation and Reporting

Operational Impact

Quantitative Benefit