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S2E7 | Cutting Planning Time By a Week
Ricky LaBerge shares how a global manufacturing company transformed both consolidation and planning processes with OneStream.
Their old planning system was basically just a repository. Offline models everywhere, constant data loading issues, and fire drills that ate up valuable time. Instead of discussing the business, they were stuck trying to get numbers into the system.
After their OneStream implementation, there were no more fire drills. They were consistently closing books and issuing results to management on day four instead of day five. On the planning side, they started working before books are even closed thanks to the accordion setup. Thorough reviews happen a week earlier than before, and they keep shaving days off every year.
DexKo was an amalgamation of an American firm and a German firm with completely different planning processes. BDA's Accordion Rolling Forecast helped bring them together while keeping separate models for different brands. The challenge wasn't technical - it was getting everyone aligned on new processes.
Ricky's advice to companies starting their OneStream journey:
From his consulting side: Ask lots of questions, keep requirements simple, don't spend 80% development time on 10% value, and really focus on design because it's expensive to change later. From his industry side: Training is everything. OneStream can be intimidating. Prying Excel from finance people's hands is hard, but communicate the value and it works.
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By Black Diamond PodcastRicky LaBerge shares how a global manufacturing company transformed both consolidation and planning processes with OneStream.
Their old planning system was basically just a repository. Offline models everywhere, constant data loading issues, and fire drills that ate up valuable time. Instead of discussing the business, they were stuck trying to get numbers into the system.
After their OneStream implementation, there were no more fire drills. They were consistently closing books and issuing results to management on day four instead of day five. On the planning side, they started working before books are even closed thanks to the accordion setup. Thorough reviews happen a week earlier than before, and they keep shaving days off every year.
DexKo was an amalgamation of an American firm and a German firm with completely different planning processes. BDA's Accordion Rolling Forecast helped bring them together while keeping separate models for different brands. The challenge wasn't technical - it was getting everyone aligned on new processes.
Ricky's advice to companies starting their OneStream journey:
From his consulting side: Ask lots of questions, keep requirements simple, don't spend 80% development time on 10% value, and really focus on design because it's expensive to change later. From his industry side: Training is everything. OneStream can be intimidating. Prying Excel from finance people's hands is hard, but communicate the value and it works.