About Guardian Industries
Guardian Industries, a global company headquartered in Auburn hills, Michigan, employs around 18,000 people and operates facilities in over 25 countries throughout North America, Europe, South America, Africa, the Middle East and Asia. Guardian companies manufacture high performance float, coated and fabricated glass products for architectural, residential, interior, transportation and technical glass application, and high-quality chrome-plated and painted plastic components for the automotive and commercial truck industries. Guardian’s vision is to create value for its customers and society through constant innovation using fewer resources. Guardian is a wholly owned subsidiary of Koch Industries, Inc.
The Challenge
The finance team at Guardian Industries had been using a very old version of Hyperion Essbase that was implemented back in 1997. But technology was advancing faster than their existing software. It got to a point where they could no longer gain value from using Hyperion.
What Guardian needed was a unified platform for financial consolidation & reporting, budgeting, planning and analysis that would give the relevant management reporting tasks to the individual businesses. Their goal was to deliver an accounting-controlled and maintained consolidation & forecasting solution. So, they began their search.
What OneStream Did
Guardian started with consolidations and moved into high level budgeting and forecasting consolidation for their Glass and Automotive Trim divisions. After the initial implementation of OneStream, the Glass division wanted to take their planning solution to the next level, which they achieved by implementing a full driver-based plan with the existing OneStream framework.
“We then fully utilize all the calculation capabilities within OneStream to apply costs and track our inventory flow to manage the supply necessary to meet our planned demand. These are all things that we were never able to see prior to OneStream.”
What OneStream Achieved
For Guardian, a main benefit of OneStream has been shortening the amount of time spent on consolidations. Guardian has now given individual manufacturing plants the flexibility to load their own data, see those processes go through the system, and fix them themselves.
Best Outcome:
Immediate Drill-back at HQ to original data.
RESULT:
Shortened consolidations
RESULT:
Data quality improvements across the entire organization
RESULT:
Deeper insight into results through Extensible Dimensionality®
