Create an integrated platform for financial consolidation and management reporting. Speed, flexibility and a higher accuracy were crucial elements during the implementation project.
Terberg group was looking to deliver
Terberg Group implemented OneStream XF for financial consolidation and reporting, budget, data quality management (data collection), treasury cash forecasting and sales reporting.
“The Terberg Group was looking for an integrated platform for financial consolidation and management reporting,” says Ivo Jansen, Corporate Financial Controller at Terberg Group. “Our legacy system was cumbersome and consolidation required multiple manual entries which in turn created a lengthy and inefficient process. With OneStream XF, we were able to standardize and automate our consolidation process and reduce the time needed to generate corporate reports. Our controllers are now able to standardize and create manageable accounts, automate cash flow and leverage OneStream’s core budget and forecast capabilities. OneStream gave us the look and feel we were seeking in one unified product and application.”
Speed, flexibility and a higher accuracy are main rivers for the finance organization within Terberg Group. They expect that the intercompany numbers can be settled faster and more efficiently. In addition, it is a simplification of the consolidation process. The current software package still has many manual consolidation steps, but with the new OneStream software Terberg Group will be able to consolidate automatically. This will surely save time. This enables to report the key figures to the board of directors faster and to give more attention to the analysis of the information.
Terberg Group first experiences have been great. The setup of the software is easy. They have already noticed that modifications can be applied quickly, for example moving entities or changing the presentation of the information. The finance organization also greatly benefits from the direct link with the ERP-system. Terberg Group can obtain the figures rapidly. It is already useful during the current implementation process to see whether the correct figures are uploaded. Ivo Jansen responsible for goup controlling already experienced the first update from 3.4 to 3.5, which happened swiftly. The update was completed within an hour.
Terberg expects to have an even more professional financial department, in which they keep improving the reporting process. While the business grows, will move along with the information needs of the business and the board of directors. In the future, they want to maintain this high level of quality, speed and reliability of the reporting in OneStream.
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.
For more information, please visit OneStream Software http://www.onestreamsoftware.com or on Twitter @OneStream_Soft.
