Case Studies Takeaway.com Enhances Financial Reporting with OneStream Implementation

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	Takeaway.com Enhances Financial Reporting with OneStream Implementation

Takeaway.com Enhances Financial Reporting with OneStream Implementation

Technology Category	Analytics & Modeling - Predictive Analytics Application Infrastructure & Middleware - Data Exchange & Integration Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries	E-Commerce Software
Applicable Functions	Business Operation Quality Assurance
Services	Software Design & Engineering Services System Integration Training
Challenge	Takeaway.com faced significant challenges in financial consolidation and reporting as it grew. Initially, the company relied on Excel® for data extraction and report generation, which was manageable when the company was smaller. However, as Takeaway.com expanded, this method became unsustainable due to scalability and reliability issues. The company needed a robust consolidation tool to ensure accurate financial management reports and support future growth. The IPO listing on Euronext Amsterdam further emphasized the need for a more reliable and scalable solution. Read More
About Customer	Takeaway.com, founded in 2000 by Jitse Groen, is a leading online food delivery marketplace in Continental Europe. The company holds the #1 market position in terms of orders in the Netherlands, Germany, Belgium, Austria, and Poland. With over 1,100 employees across five European offices and more than 2,000 couriers, Takeaway.com processed over €1.3 billion worth of orders in 2017. The company was listed on the Euronext Amsterdam stock exchange in 2016 to raise funds for further growth. Takeaway.com has grown significantly, necessitating a more robust financial consolidation and reporting system. Read More
Solution	Takeaway.com selected OneStream as its financial consolidation and reporting solution after evaluating multiple options, including Oracle’s HFM. OneStream was chosen for its ease of data reception, storage, and processing, as well as its ability to generate reports using the OneStream Report Generator within Microsoft PowerPoint® and Word®. The solution met all requirements for financial consolidation, reporting, forecasting, budgeting, data quality management, KPI analysis, and cost center reporting. The implementation included training end-users via webcast, integrating multiple European entities into the OneStream platform, and simplifying the monthly close process with intuitive workflows. Analytical comments and IFRS adjustments were embedded to complete the financial close. The solution also enabled the generation of management reports and financial analyses directly from OneStream, improving efficiency and data quality. 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

E-Commerce

Software

Applicable Functions

Business Operation

Quality Assurance

Services

Software Design & Engineering Services

System Integration

Training

Challenge

Takeaway.com faced significant challenges in financial consolidation and reporting as it grew. Initially, the company relied on Excel® for data extraction and report generation, which was manageable when the company was smaller. However, as Takeaway.com expanded, this method became unsustainable due to scalability and reliability issues. The company needed a robust consolidation tool to ensure accurate financial management reports and support future growth. The IPO listing on Euronext Amsterdam further emphasized the need for a more reliable and scalable solution.

About Customer

Takeaway.com, founded in 2000 by Jitse Groen, is a leading online food delivery marketplace in Continental Europe. The company holds the #1 market position in terms of orders in the Netherlands, Germany, Belgium, Austria, and Poland. With over 1,100 employees across five European offices and more than 2,000 couriers, Takeaway.com processed over €1.3 billion worth of orders in 2017. The company was listed on the Euronext Amsterdam stock exchange in 2016 to raise funds for further growth. Takeaway.com has grown significantly, necessitating a more robust financial consolidation and reporting system.

Solution

Takeaway.com selected OneStream as its financial consolidation and reporting solution after evaluating multiple options, including Oracle’s HFM. OneStream was chosen for its ease of data reception, storage, and processing, as well as its ability to generate reports using the OneStream Report Generator within Microsoft PowerPoint® and Word®. The solution met all requirements for financial consolidation, reporting, forecasting, budgeting, data quality management, KPI analysis, and cost center reporting. The implementation included training end-users via webcast, integrating multiple European entities into the OneStream platform, and simplifying the monthly close process with intuitive workflows. Analytical comments and IFRS adjustments were embedded to complete the financial close. The solution also enabled the generation of management reports and financial analyses directly from OneStream, improving efficiency and data quality.

Impact #1	The implementation of OneStream significantly improved management reporting and financial statements, recognized by both internal and external stakeholders.
Impact #2	Non-financial information was easily added to the database, allowing for expanded KPI reporting from a single source system.
Impact #3	Built-in workflows enabled users to upload monthly data in a controlled and auditable environment, ensuring data quality and efficiency.

Impact #1

The implementation of OneStream significantly improved management reporting and financial statements, recognized by both internal and external stakeholders.

Impact #2

Non-financial information was easily added to the database, allowing for expanded KPI reporting from a single source system.

Impact #3

Built-in workflows enabled users to upload monthly data in a controlled and auditable environment, ensuring data quality and efficiency.

Benefit #1	Processed over €1.3 billion worth of orders in 2017.
Benefit #2	More than 1,100 employees across five European offices.
Benefit #3	Over 2,000 couriers on the road.

Benefit #1

Processed over €1.3 billion worth of orders in 2017.

Benefit #2

More than 1,100 employees across five European offices.

Benefit #3

Over 2,000 couriers on the road.

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Overview

Takeaway.com Enhances Financial Reporting with OneStream Implementation

Operational Impact

Quantitative Benefit