The ability for extensive analysis using the retrieve functionality in Excel®, the constant currency translation and the ‘on- the-fly’ intercompany matching was key
Rochester, MI (PRWEB) March 03, 2016
OneStream Software LLC, leader in Corporate Performance Management (CPM) solutions for the mid to large enterprise, today announced another successful deployment of its unified solution for financial consolidation, reporting, forecasting and analysis.
“OneStream welcomes Lonrho to its growing list of successful customers,” says Tom Shea, President of OneStream Software. “Great corporate performance management requires a more progressive approach to the overall financial reporting, consolidation, budgeting and analysis process. Legacy systems, no longer supported and too costly to upgrade, can no longer meet basic operational requirements leaving many corporations, similar to Lonrho, struggling to find a single cost-effective yet powerful solution. OneStream XF delivers one platform and one model for all CPM requirements and is capable of aligning to business needs and changes quickly and easily. With our unified platform, Lonrho now has the ability needed to effectively run their business while dramatically driving down their total cost of ownership.”
Lonrho, an African-focused investment and development group, joins an elite list of organizations around the world that have selected OneStream XF for its corporate performance management solution. After evaluating OneStream, as well as competing solutions on the market, Lonrho chose OneStream XF for its intercompany matching, Guided Workflows, Extensible Dimensionality®, interactive dashboards, currency translation, auditability, ease of use and complete transparency.
“After years of dealing with financial processes that were still very time consuming and inefficient, we decided it was time to simplify and replace our multiple CPM systems, including our legacy financial consolidation system and market-leading planning system, with a powerful unified solution” said James Manuel, Group Financial Controller, Lonrho. “We were diligent in reviewing the cost, complexity and time required to upgrade our current systems but quickly realized the benefits that OneStream XF could offer that the newer version of our current systems simply could not provide. The ability for extensive analysis using the retrieve functionality in Excel®, the constant currency translation, a single reporting lens across the organization and the ‘on- the-fly’ intercompany matching was key. Additionally, OneStream’s Guided Workflow gave our end-users a step-by-step approach making end user training very simple and easy. OneStream XF provided us with more financial intelligence, full auditability and the overall accountability we needed at a total lower total cost of ownership.”
OneStream XF, is a unified Corporate Performance Management software platform deployed on-premise or in the cloud. OneStream XF simplifies financial consolidation and reporting, planning, data quality and operational analytics for complex organizations. The platform is easily extended by downloading additional pre-built and customizable solutions, templates, accelerators or workspaces from the OneStream Fish Market Solution Center, similar to an app store.
362 South Street
Rochester, MI USA 48307
Lonrho is an investment group operational in 12 countries with a history of investing in Sub-Saharan Africa for over 100 years. For more information visit http://www.lonrho.com.
About OneStream Software LLC
OneStream Software is a privately held software company created by the same team that invented the leading financial solutions of the last decade. We provide a unified Corporate Performance Management (CPM) platform which enables the enterprise to simplify financial consolidation, reporting, budgeting and forecasting for complex organizations. Powerful extensibility enables the enterprise to deliver additional analytic solutions without adding any technical complexity. By delivering multiple solutions in one application, we offer increased capabilities for financial reporting and analysis while reducing the risk, complexity and total cost of ownership for our customers. We are driven by our mission statement that every customer must be a reference and success.