Success Story | Manufacturing
From Fragmented to Future-Ready: Manufacturing IBP Transformation
How a Major Packaging Manufacturer Unified Planning and Performance with Ascend and OneStream.
A global leader in packaging solutions, specializing in food safety, product protection, and sustainability, engaged Ascend Partners to create an integrated business planning solution on the OneStream platform.
The Challenge
- Fragmented Financial Systems: The client relied on a combination of various platforms for its operations. This fragmented architecture resulted in inefficiencies and required multiple data transfers between systems.
- Limited Real-Time Visibility and Analysis: The legacy system lacked real-time FX data and required multiple scenario setups to simulate different FX impacts. This made “what-if” analysis difficult and delayed decision-making.
- Siloed Metadata and Data Feeds: Metadata was spread across four separate applications, with multiple mapping and seeding processes in place.
- Lack of Workflow Governance and Data Security: Without a centralized workflow or audit mechanisms, data uploads lacked consistency, making change tracking and implementing uniform handling practices difficult.
- High Maintenance Overhead: Maintaining the Hyperion environment was resource-intensive, involving manual data loads and complex scheduling.
- Disjointed Actuals and Planning Processes: Transfers of actual data into planning models were inefficient and error-prone, limiting effective operational and financial planning.
Business Value
The client decided to migrate from Hyperion to OneStream due to the platform’s advanced consolidation and planning capabilities and extensible, cloud-based environment. By choosing OneStream and Ascend, the client was able to streamline its operations, gaining valuable strategic insights that continue to drive greater business performance and unlock new opportunities for the future.
- Unified Metadata & Seamless Integration: Ascend consolidated fragmented metadata into a single application. Mapping and seeding processes are automated through rules, providing a robust, consistent tool for managing external data feeds.
- Streamlined FX Forecasting with Real-Time Data: FX calculations were reengineered, eliminating the need for multiple FX scenarios. This allows for real-time FX data, significantly reducing the time and effort required for the monthly FX prep.
- Centralized Workflow & Enhanced Security: With OneStream, the client implemented full audit trails and data cell security. All data handling is routed through traceable workflows, reducing errors and improving corporate oversight.
- Improved Data Governance and Traceability: Mass uploads are now traceable to individual users, enhancing accountability, tracking, and simplifying issue resolution.
- Reduced Maintenance and Faster Reconciliation: Maintenance time has been reduced by 50%, and reconciliation efforts are halved. This frees up time for deeper financial analysis and strategic planning.
- Integrated Actuals into Planning: Transfers of actual data into planning models is more efficient and accurate. This improves the relationship between operational and financial planning.
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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