Cleaver-Brooks implemented OneStream XF for financial consolidation and reporting, budgeting, forecasting and analysis. OneStream has provided them with a multi-faceted solution in one easy to manage and use model. Each business unit now has the ability to view, close and run their consolidation process independently. The budgeting and forecasting solutions live together and leverage a similar but different dimensional model with a single point of maintenance for all shared dimensions. The budget and forecast is driver based and uses spreading and allocations to speed up the process of producing the budgets and weekly forecasts. With People Planning, Cleaver-Brooks is now able to calculate payroll expenses and calculate labor hours, overtime, etc. per employee. Additionally, reporting used to take an hour now takes only minutes allowing Cleaver Brooks to have more time to deliver value added analytics to the business.
Financial consolidations and reporting results
“We reviewed OneStream Software alongside other CPM providers but quickly realized that other vendors did not have the same functionality that OneStream could provide,” said Michael Barfuss, Corporate Controller, CleaverBrooks.
“We needed something we could manage within our own financial group instead of relying solely on IT. OneStream XF gives us complete autonomy as well as transparency, visibility and drill back capabilities into transactional data. OneStream’s tailored solution has allowed each business unit the ability to take control of their own consolidation, reporting, analysis
All solutions live in one product and one application
There is no substitute for the value of having one application that can share and extend dimensions to deliver multiple solutions without the technical complexity of having to install, implement, maintain, learn and upgrade multiple products, applications or modules.