Federal-Mogul implemented OneStream XF for Financial Consolidation and Reporting, Budget, Data Quality Management and HR data collection. Doing so expanded their financial reporting model from four dimensions in its prior system to 17 dimensions in OneStream XF for more powerful reporting and analytics.
Owned by the
Federal-Mogul has incorporated a specific process directly in the Guided Workflow for Journal approvals and posting. The company uses an automated email process to allow journal entries to be sent immediately to supervisors for review and approval. After approval, another email is sent automatically back to the user, allowing them to post the journal.
OneStream XF is also used after the close to
As part of the design discussions, OneStream learned that often Finance was holding up the close process for last-minute HR adjustments to headcount information. We decided to give HR their own cube and workflow to fill out required HR information. This is a tremendous improvement. The process is simple and guided for HR. It no longer holds up the close and Finance can still get the required headcount information for reporting, as all the data lives in the same application.
OneStream Software provides a marketleading CPM 2.0 solution, the OneStream XF SmartCPM™ platform. OneStream XF unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications, and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.
The OneStream XF MarketPlace features more than 50 downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. We are driven by our mission statement that every customer must be a reference and success.