Case Studies
Renewi's Integration of OneStream for Enhanced Financial Reporting and Consolidation
Overview
Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Functional Applications - Enterprise Resource Planning Systems (ERP) | |
Recycling & Waste Management | |
Business Operation Quality Assurance | |
Software Design & Engineering Services System Integration | |
Operational Impact
OneStream’s concept of separate virtual cubes sharing dimensions within a single application enabled Renewi to map out reporting needs for the whole group in a single application. Having one centralized data source has standardized internal processes and improved reporting with ownership for all local, divisional and functional users. | |
A core element of Renewi’s new reporting system is the Guided Workflow functionality. This has enabled Renewi to push responsibility away from the head office and onto its reporting sites. Workflows link tasks to the appropriate user interfaces, governing user rights and security. Reporting processes are now defined centrally with local autonomy through a newly designed global chart of accounts. The global chart of accounts sets the group standard with constraints applied that filter the analysis codes to the relevant divisions. Best of all, system or data changes are now easily visible on audit reports. | |
With OneStream, Renewi has enabled greater efficiencies across their finance organization. They’ve enhanced business insights with group and divisional reporting from one single source. And visibility of the close cycle has dramatically improved through entity workflows and submission statuses. The entire close cycle is visible, enabling the head office to step in and ensure the bottlenecks that happened before OneStream no longer delay the close. The user feedback has been very positive. We now have a single truth on the state of the business. | |
Quantitative Benefit
Of the 14 million tons of waste handled per year, 89% is either recycled or used for energy recovery. | |
Renewi generates more than €1.8B in annual revenue. | |