Case Studies Melrose PLC Implements OneStream to Unify Financial Reporting and Improve Efficiency

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	Melrose PLC Implements OneStream to Unify Financial Reporting and Improve Efficiency

Melrose PLC Implements OneStream to Unify Financial Reporting and Improve Efficiency

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	Finance & Insurance Professional Service
Applicable Functions	Business Operation Quality Assurance
Services	Software Design & Engineering Services System Integration Training
Challenge	Melrose PLC was using multiple Oracle Hyperion products for management and statutory reporting, as well as financial forecasting and scenario analysis. The fragmented architecture caused the finance team to spend a significant amount of time moving and maintaining metadata between multiple systems. As the organization continued to acquire additional businesses, it became increasingly difficult to roll-up and integrate disjointed data. Melrose needed a unified CPM solution that reduced the burden of maintaining multiple applications and allowed for complete visibility into data and process changes. Read More
About Customer	Melrose Industries PLC is a London-based company specializing in buying and improving underperforming businesses. They focus on acquiring good manufacturing businesses with strong fundamentals and improving their performance through significant investment and management changes. Melrose finances its acquisitions using low leverage, improves the businesses, sells them, and returns the proceeds to shareholders. The company is listed on the London Stock Exchange as a constituent of the FTSE 100 Index. Read More
Solution	Melrose selected OneStream as their CPM solution due to its agility, flexibility, and ability to retain historical data. OneStream provided a unified platform that complied with statutory reporting requirements, improved analysis, included audit controls, and offered enterprise-wide visibility into changes. The implementation of OneStream replaced multiple Oracle Hyperion products, making the close process faster and easier with rapid user acceptance across the organization. OneStream's Guided Workflows and powerful consolidation and reporting engine provided a turnkey solution to business users and a lower TCO for group reporting. Read More Log in to view content
Contents

Technology Category

Analytics & Modeling - Predictive Analytics

Application Infrastructure & Middleware - Data Exchange & Integration

Functional Applications - Enterprise Resource Planning Systems (ERP)

Applicable Industries

Finance & Insurance

Professional Service

Applicable Functions

Business Operation

Quality Assurance

Services

Software Design & Engineering Services

System Integration

Training

Challenge

Melrose PLC was using multiple Oracle Hyperion products for management and statutory reporting, as well as financial forecasting and scenario analysis. The fragmented architecture caused the finance team to spend a significant amount of time moving and maintaining metadata between multiple systems. As the organization continued to acquire additional businesses, it became increasingly difficult to roll-up and integrate disjointed data. Melrose needed a unified CPM solution that reduced the burden of maintaining multiple applications and allowed for complete visibility into data and process changes.

About Customer

Melrose Industries PLC is a London-based company specializing in buying and improving underperforming businesses. They focus on acquiring good manufacturing businesses with strong fundamentals and improving their performance through significant investment and management changes. Melrose finances its acquisitions using low leverage, improves the businesses, sells them, and returns the proceeds to shareholders. The company is listed on the London Stock Exchange as a constituent of the FTSE 100 Index.

Solution

Melrose selected OneStream as their CPM solution due to its agility, flexibility, and ability to retain historical data. OneStream provided a unified platform that complied with statutory reporting requirements, improved analysis, included audit controls, and offered enterprise-wide visibility into changes. The implementation of OneStream replaced multiple Oracle Hyperion products, making the close process faster and easier with rapid user acceptance across the organization. OneStream's Guided Workflows and powerful consolidation and reporting engine provided a turnkey solution to business users and a lower TCO for group reporting.

Impact #1	OneStream provided a unified platform for financial consolidation and reporting, budgeting, planning, and forecasting.
Impact #2	The platform improved management and financial reporting, making it faster and more detailed.
Impact #3	Guided Workflows provided an organized and systematic finance process, leading to rapid user acceptance.

Impact #1

OneStream provided a unified platform for financial consolidation and reporting, budgeting, planning, and forecasting.

Impact #2

The platform improved management and financial reporting, making it faster and more detailed.

Impact #3

Guided Workflows provided an organized and systematic finance process, leading to rapid user acceptance.

Benefit #1	Upgrades to the OneStream platform take no more than an hour for a global deployment.
Benefit #2	Two companies sold off from the Melrose group are now using OneStream.
Benefit #3	The OneStream system upgrade process is class-leading, taking significantly less time compared to other software.

Benefit #1

Upgrades to the OneStream platform take no more than an hour for a global deployment.

Benefit #2

Two companies sold off from the Melrose group are now using OneStream.

Benefit #3

The OneStream system upgrade process is class-leading, taking significantly less time compared to other software.

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Overview

Melrose PLC Implements OneStream to Unify Financial Reporting and Improve Efficiency

Operational Impact

Quantitative Benefit