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Amica Senior Lifestyles

Discover how Amica cut budget forecasting from five months to less than a week and reduce consolidation times by 90%.

Our client, Amica Senior Lifestyles has enriched the lives of Canadian seniors and their loved ones with its customized approach to meeting residents’ unique and evolving needs. Canadian-owned and operated, Amica residences can be found in the finest neighbourhoods throughout British Columbia, Alberta and Ontario.
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The challenge

Amica was utilizing the Great Plains general ledger to consolidate its financials. Data was pushed from their source Yardi ERP into Great Plains, and this process proved difficult and overly complicated. Amica had built some great tools in budgeting and forecasting, but they were in Excel and tough to maintain. Once budgets were created, changing them was time-consuming, costing company leaders valuable decision-making advantages.

What we did

Amica chose OneStream because of the platform’s ability to meet operational goals, both in the near and long-term. OneStream provided a more integrated and complete financial close and consolidation solution offering 100% data transparency and unparalleled audit trails.

Throughout the implementation, the team at Ascend was able to show how the integration across the company’s multi-entity, variable-needs environment was able to reduce close and budget forecasting times
by up to 80%.

OneStream, the benefits

Scalability

OneStream's cloud deployment means that the system has the ability to scale and Amica can add account reconciliation as needed.

Automation

The two main financial processes have become more automated, reducing manual processing and labor requirements.

Visibility

Holistic decision-making is easier due to the streamlined consolidation and budgeting made available to leaders at the same time.

OneStream has brought great value to Amica.

Peter Popalis
Managing Partner, Ascend

Real results, real returns

12

It took 12 months for the total build turnaround, including setup, development, training and deployment.

95%

Budget forecasting was cut from five months to less than one week, a more than 95% reduction.

90%

OneStream cut the consolidation timeline from three weeks to a couple of days — a 90% reduction.

What we achieved

Within 12 months, Ascend implemented both complete systems for consolidations and budgeting. This was done in two separate phases, starting with close and consolidations. Accordingly, the two main financial processes have become more automated resulting in a significant reduction of onerous manual processing and labour requirements.

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Choose Ascend to implement your OneStream solution.


Why Ascend?

Ascend Partners is the diamond standard in financial & data transformation solutions and proudly serves clients globally from our headquarters in New York, NY. We specialize in delivering sophisticated solutions that streamline financial workflows, transform data, and enhance operational efficiency for organizations worldwide. With deep industry expertise and a commitment to innovation, Ascend empowers businesses to maximize performance, improve decision-making, and drive sustainable growth.

About OneStream

OneStream is the fastest-growing Enterprise Performance Management (EPM) and Corporate Performance Management (CPM) platform, transforming financial processes for over 1,600 customers around the world. Recognized as a Top Quadrant leader by Gartner, OneStream empowers businesses across industries like mining, manufacturing, real estate, higher education, and retail.

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