Case Studies
Kennametal's Implementation of OneStream for Financial Consolidation and Planning
Overview
Analytics & Modeling - Predictive Analytics Platform as a Service (PaaS) - Connectivity Platforms Platform as a Service (PaaS) - Data Management Platforms | |
Aerospace Transportation | |
Business Operation Quality Assurance | |
Software Design & Engineering Services System Integration | |
Operational Impact
OneStream implementation partner, GID solutions, configured planning and forecasting dashboards that provided the users with intuitive data entry forms that could be used via the web interface or via Excel®. The dashboards included built-in instructions to guide users and included a mass upload template that could handle multiple cost centers at the same time. | |
The planning and forecasting dashboards include targeted consolidations based on user security, as well as on-demand reporting with drill-down capabilities. | |
The team also implemented administrator dashboards that provided one-stop-shopping for administering financial close, forecasting and annual planning processes. The dashboard organizes and lists out admin processes not done regularly, such as setting global time, loading FX rates, running allocations, copying scenarios and running data validations. | |
Quantitative Benefit
Kennametal generated nearly $1.9 billion in revenues in fiscal year 2020. | |
The second phase of OneStream implementation was completed in four months. | |
Upgrades are now just a few hours vs. many months and at a high cost with the prior system. | |