Case Studies
Valeo Foods Implements OneStream for Enhanced Financial Management
Overview
Analytics & Modeling - Predictive Analytics Platform as a Service (PaaS) - Data Management Platforms | |
Consumer Goods | |
Business Operation | |
Software Design & Engineering Services System Integration | |
Operational Impact
As a result of the implementation, Valeo Foods has realized significant improvement in management reporting and financial statements, which is recognized by many stakeholders. “With OneStream, we are benefitting from the increased reporting transparency and analysis possibilities,” adds Staunton. “There is now one version of the truth.” | |
The monthly close is finalized in a significantly faster (roughly three to four days) and more efficient manner, with the reduction in use of Excel® leading to improved data quality. In total, close to 30 spreadsheets were eliminated from use in the monthly process. This gives Staunton and the Valeo Foods Group Finance team the opportunity to spend additional time on the review and analysis of data and results as opposed to merely preparing reports. | |
Further, Valeo Foods now has all relevant details of the group consolidated equity and goodwill of each entity. The local entities can reconcile their intercompany balances with other entities and have comprehensive and accurate details of their balances. OneStream provides Valeo Foods many built-in validations, resulting in intercompany differences to be identified instantly and resolved easily at local entity level. | |
Quantitative Benefit
Valeo Foods has €870 million annual sales spread across 92 global markets. | |
The monthly close process was reduced by three to four days. | |
Close to 30 spreadsheets were eliminated from use in the monthly process. | |