The flexibility of the OneStream XF platform has been a huge boost to our productivity and the support from OneStream throughout the project and after go-live has been great
ROCHESTER, MICHIGAN (PRWEB) May 15, 2017
OneStream Software LLC, the leader in Corporate Performance Management (CPM) solutions for the mid to large enterprise, today announced that its powerful unified solution, OneStream XF, streamlined and improved financial processes for Frank’s International, an award-winning, global oil services company.
“OneStream welcomes Frank’s International to its growing list of live and successful customers,” said Tom Shea, President of OneStream Software. “With US corporate offices in Houston, TX, Frank’s has a large international presence with operations in approximately 60 countries on six continents. They required a CPM platform that could not only automate and advance their consolidation process, but also give operational reporting relevance to each of their business units. The OneStream XF SmartCPM platform gave them the power and flexibility they needed in one solution and not multiple modules cobbled together. Additionally, Franks also benefits from a product that is easy to use by leveraging OneStream’s Guided Workflow processes with defined roles and responsibilities for their finance user community.”
“Frank’s International needed a complete Corporate Performance Management platform capable of enterprise-wide automated consolidations, currency translation and intercompany matching,” said Ed Goodwin, Director of Financial Planning & Analysis for Frank’s International. “We went live in January, and although we have only scratched the surface of OneStream’s functionality, we have already seen tremendous benefits to our organization. The ability to do more with the existing team has been a great value to us, and we have significantly upped our analytic capabilities as well as eliminated errors caused by manual entries. The flexibility of the OneStream XF platform has been a huge boost to our productivity and the support from OneStream throughout the project and after go-live has been great.”
OneStream XF is a single, unified Corporate Performance Management software platform that simplifies processes to deliver financial consolidation and reporting, planning and operational analytics for sophisticated organizations. Guided Workflows simultaneously improve the quality and consistency of data while reducing risk throughout the financial consolidation, reporting and planning processes. OneStream customers enjoy the multiple benefits of owning a single, agile CPM system that is capable of adapting to business changes quickly and easily.
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About Frank’s International
Frank’s International, N.V.(NYSE:FI) is a global oil services company that focuses on complex and technically demanding wells by providing a broad and comprehensive range of highly engineered tubular running services, tubular fabrication, and specialty well construction and well intervention solutions. Founded in 1938, Frank’s International has approximately 3,000 employees and provides services to leading exploration and production companies in onshore and offshore environments in approximately 60 countries on six continents. Frank’s International common stock is traded on the NYSE under the symbol “FI.” Additional information is available on http://www.franksinternational.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.