Case Studies
Reunert Limited Implements OneStream for Financial Consolidation and Reporting
Overview
Functional Applications - Enterprise Resource Planning Systems (ERP) | |
Business Operation | |
Software Design & Engineering Services System Integration Training | |
Operational Impact
The implementation of OneStream has significantly improved the efficiency of financial operations at Reunert. The finance team can now perform intercompany eliminations monthly and in one day, compared to once per year with SAP BPC. Group consolidation that used to take 12 working days is now completed by the seventh working day, allowing the finance team to deliver information to group executives well in advance of monthly management meetings. | |
Finance staff across Reunert’s portfolio companies can submit their supplemental detail much faster and easier than before. At the group level, there is increased visibility into which subsidiaries have submitted their data, and the ability to drill down into journal details. When submission issues arise, the team can quickly address data loading issues by picking up the source files. | |
The unified platform supports both actuals and budget, ensuring 100% accuracy in the annual budget through intercompany eliminations. The application also includes cash flow forecasting based on movements in bank balances, providing a comprehensive financial management solution. | |
Quantitative Benefit
Intercompany eliminations reduced from two weeks to one day. | |
Group consolidation time reduced from 12 days to seven days. | |