Case Studies INW Manufacturing's Digital Transformation with OneStream

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	INW Manufacturing's Digital Transformation with OneStream

INW Manufacturing's Digital Transformation with OneStream

Technology Category	Analytics & Modeling - Predictive Analytics Platform as a Service (PaaS) - Application Development Platforms Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries	Consumer Goods Healthcare & Hospitals
Applicable Functions	Business Operation Quality Assurance
Use Cases	Predictive Maintenance
Services	Software Design & Engineering Services System Integration Training
Challenge	INW Manufacturing faced significant challenges due to its rapid growth through acquisitions and organic expansion. The company operated with over 1,000 employees across multiple facilities, each with different ERP systems, networks, and firewalls. This complexity made consolidated reporting and intercompany activity management extremely difficult. The CFO, Melissa Carter, managed budgets manually using Excel, which was time-consuming and inefficient. The need for a robust consolidation tool became evident as the company struggled to keep up with the pace of acquisitions and the increasing complexity of its operations. Read More
About Customer	INW Manufacturing is a division of INW Holdings, specializing in the research, development, formulation, and manufacturing of various products, including powders, liquids, gels, tablets, capsules, creams, and lotions. The company primarily serves the dietary supplement and sports nutrition markets, shipping products to over 95 countries. Headquartered in Carrolton, Texas, INW Manufacturing operates production facilities covering approximately 900 thousand square feet and generates consolidated revenues exceeding $400 million. The company has grown significantly through acquisitions and organic growth, now employing over 1,000 people. Read More
Solution	INW Manufacturing selected OneStream Software to address its consolidation and reporting challenges. The implementation was led by Amy Funari, who had extensive experience with Hyperion Financial Management. Working with Black Diamond Advisory, Funari built a unique Capital Expense (CapEx) model and leveraged the Excel Analysis End User Training solution from the OneStream MarketPlace for user training. INW developed a new forecasting and budgeting application within OneStream, incorporating detailed actual data and high-level budgets for current and prior years. This allowed for real-time updates and adjustments, significantly improving the efficiency and accuracy of the budgeting process. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Platform as a Service (PaaS) - Application Development Platforms

Platform as a Service (PaaS) - Data Management Platforms

Applicable Industries

Consumer Goods

Healthcare & Hospitals

Applicable Functions

Business Operation

Quality Assurance

Use Cases

Predictive Maintenance

Services

Software Design & Engineering Services

System Integration

Training

Challenge

INW Manufacturing faced significant challenges due to its rapid growth through acquisitions and organic expansion. The company operated with over 1,000 employees across multiple facilities, each with different ERP systems, networks, and firewalls. This complexity made consolidated reporting and intercompany activity management extremely difficult. The CFO, Melissa Carter, managed budgets manually using Excel, which was time-consuming and inefficient. The need for a robust consolidation tool became evident as the company struggled to keep up with the pace of acquisitions and the increasing complexity of its operations.

About Customer

INW Manufacturing is a division of INW Holdings, specializing in the research, development, formulation, and manufacturing of various products, including powders, liquids, gels, tablets, capsules, creams, and lotions. The company primarily serves the dietary supplement and sports nutrition markets, shipping products to over 95 countries. Headquartered in Carrolton, Texas, INW Manufacturing operates production facilities covering approximately 900 thousand square feet and generates consolidated revenues exceeding $400 million. The company has grown significantly through acquisitions and organic growth, now employing over 1,000 people.

Solution

INW Manufacturing selected OneStream Software to address its consolidation and reporting challenges. The implementation was led by Amy Funari, who had extensive experience with Hyperion Financial Management. Working with Black Diamond Advisory, Funari built a unique Capital Expense (CapEx) model and leveraged the Excel Analysis End User Training solution from the OneStream MarketPlace for user training. INW developed a new forecasting and budgeting application within OneStream, incorporating detailed actual data and high-level budgets for current and prior years. This allowed for real-time updates and adjustments, significantly improving the efficiency and accuracy of the budgeting process.

Impact #1	INW Manufacturing reduced its financial close process from 10 days to under five days within three months of using OneStream.
Impact #2	The budgeting process, which previously took two weeks, was reduced to two hours with OneStream.
Impact #3	The unified platform provided more robust reporting for internal and external stakeholders, making data interpretation easier and more consistent.

Impact #1

INW Manufacturing reduced its financial close process from 10 days to under five days within three months of using OneStream.

Impact #2

The budgeting process, which previously took two weeks, was reduced to two hours with OneStream.

Impact #3

The unified platform provided more robust reporting for internal and external stakeholders, making data interpretation easier and more consistent.

Benefit #1	Reduced financial close process from 10 days to under five days.
Benefit #2	Reduced budgeting process from 14 days to two hours.

Benefit #1

Reduced financial close process from 10 days to under five days.

Benefit #2

Reduced budgeting process from 14 days to two hours.

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Overview

INW Manufacturing's Digital Transformation with OneStream

Operational Impact

Quantitative Benefit