The Challenge

Melrose PLC was using Oracle Hyperion Enterprise, Hyperion Financial Management (HFM) and FDM for management and statutory reporting, as well as weekly and monthly treasury cash flow forecasting. As a result of acquisitions, they also ended up with Oracle Essbase and Hyperion Strategic Finance (HSF) for financial forecasting, modeling and scenario analysis.

“Because of the nature of our business, our group was spread out across different applications—half in HFM, half in Hyperion Enterprise,” said Jason Care, Head of IT at Melrose PLC. “Therefore, we felt as a group that this wasn’t adequate. It wasn’t the way forward. We knew we had to invest in a new CPM solution.”

What OneStream Did

By implementing OneStream XF, Melrose was able to utilize a single platform that complies with their statutory reporting requirements, improves analysis, includes audit controls and provides enterprise-wide visibility into changes. Additionally, with Guided Workflows pushing to the individual businesses, OneStream XF made the close process faster and easier with rapid user acceptance across the organization. of the market and customer requirements.

What OneStream Achieved
“OneStream’s unified financial intelligence and extensible model allows Melrose to deliver maximum value to corporate reporting along with operational value to each diverse business unit,” Jason Care, Head of IT, said.

“OneStream has given us one product that contains everything we need to meet our reporting requirements. The biggest comfort we have now is that anyone in the group, around the world, can use OneStream. It’s the first time as Melrose PLC that we’ve actually had that,” Jason Care continued. “In the past, we had this hybrid of systems and numerous Excel® spreadsheets, and now that’s all been removed. Everything is driven from OneStream so, we have one version of the truth. It’s always available, and it just works.”

Best Outcome: Unified platform for financial consolidation and reporting, budgeting planning & forecasting.