Case Studies
Xylem's Transition to OneStream for Unified Financial Management
Overview
Infrastructure as a Service (IaaS) - Cloud Computing Platform as a Service (PaaS) - Application Development Platforms Platform as a Service (PaaS) - Data Management Platforms | |
Utilities | |
Business Operation Quality Assurance | |
Cloud Planning, Design & Implementation Services Software Design & Engineering Services System Integration | |
Operational Impact
By integrating 100+ local general ledgers to streamline the submission process for actual data, data load times for some global users decreased from 6–8 hours to 15 minutes. | |
Prior to using OneStream, Xylem used a manually created 10,000-line journal entry to allocate 3 types of expense categories (GA, COS and Sales & Marketing) across business segments. With OneStream, the allocation process is now automated, and the 10,000-line journal entry was eliminated. | |
The new OneStream system also houses weekly flash data for sales and orders. This data had never been available globally in a system prior to OneStream. In addition, the system houses flux analysis for monthly & quarterly variance explanations. | |
Quantitative Benefit
Data load times reduced from 6–8 hours to 15 minutes. | |
9 months to go-live on OneStream for consolidation, reporting, and planning. | |
Elimination of a 10,000-line journal entry for allocations. | |