The Challenge

“SAP BPC hadn’t really been improved in the last few years, and there were some gaps in their offering,” said Richard Burton, VP and Corporate Controller, McCain Foods. “There was no dashboarding built into the product, and the direction from SAP was to add on items to use with BPC, where we preferred the all-in-one approach. We also needed a leasing system in order to implement the new IFRS 16 lease accounting standards, so we began evaluating new solutions.”

What OneStream Did

McCain Foods converted from SAP BPC to OneStream’s unified SmartCPM™ platform for financial consolidation, financial reporting, management reporting and added lease accounting capabilities all within a seven-month period to meet the implementation date for IFRS 16.

What OneStream Achieved
In SAP BPC, regional data was loaded via flat files and would take one to six hours depending on the region size. With OneStream, this has been reduced to 20 minutes. And from an administrator perspective, the OneStream platform is much easier to use.

“Extensibility is such a powerful feature of OneStream,” said Katie Shotbolt, Director, Financial Accounting, McCain Foods. “By extending our corporate chart of accounts to the level of each unique GL system, the data in OneStream is both relevant and inclusive for all our regions. It allows corporate and regions to speak the same language. In our old world with SAP BPC, we were closing the books on Day 6 and now we’re closing at Day 4. That’s something we are incredibly proud of, and something OneStream has helped us achieve.”

Best Outcome: Shortened the close process from six to four days.