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Success Story | Renewable Energy

From Spreadsheet-Based Consolidation to a Future-Ready Finance Platform

How a Leading Renewable Energy Producer Transformed Financial Consolidation with Ascend and OneStream

Our client is a major North American renewable energy producer with a diversified portfolio of hydro, wind, solar, and energy storage assets. Operating across multiple jurisdictions, the organization partnered with Ascend to modernize its financial consolidation, reporting, and planning processes through a unified OneStream platform.

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The Challenge 

As the organization expanded its operations and reporting requirements, financial consolidation and reporting processes became increasingly difficult to manage through spreadsheets and manual workflows.

  • Spreadsheet-Driven Consolidation: Financial consolidation, reporting, and analysis relied heavily on Excel, creating inefficiencies, increasing risk, and limiting scalability.
  • Multi-Currency Complexity: Managing reporting requirements across multiple currencies and legal entities required significant manual effort and introduced process complexity.
  • Time-Consuming Intercompany Processes: Intercompany matching, reconciliation, and eliminations demanded extensive manual work, particularly during month-end and quarter-end close cycles.
  • Manual Cash Flow Reporting: Cash flow statements were prepared through spreadsheet-based processes, reducing efficiency, traceability, and confidence in reporting.
  • Limited Reporting and Analytics: Finance stakeholders needed enhanced management reporting, KPI visibility, and self-service capabilities to support informed decision-making.
  • Scalability Constraints: The organization lacked a scalable solution for future growth, evolving reporting requirements, and organizational change.

Business Value

By implementing OneStream with Ascend, the organization established a single, governed platform for financial consolidation, reporting, and performance management. The transformation improved efficiency, strengthened governance, and created a scalable foundation for future growth.

  • A Single Source of Financial Truth: More than 238 reporting entities were consolidated within a unified platform, improving consistency, visibility, and confidence in financial results.
  • Automated Currency Translation: Currency translation across CAD, USD, and EUR reporting structures was automated, reducing manual effort while improving accuracy and consistency.
  • Streamlined Intercompany Processing: Automated intercompany matching, reconciliation, and eliminations simplified close processes and reduced reliance on manual adjustments.
  • Automated Cash Flow Reporting: Spreadsheet-driven cash flow preparation was replaced with a governed, auditable process that automatically generated cash flow reports directly from financial data.
  • Stronger Governance and Controls: Workflow-driven validation, certification, journal management, and security controls enhanced accountability, transparency, and confidence in reporting.
  • Better Reporting and Business Insight: Finance users gained access to standardized reporting, KPI analysis, and self-service analytics, enabling faster and more informed decision-making.
  • Scalable Foundation for Growth: The organization now benefits from a future-ready platform designed to support acquisitions, organizational evolution, and changing business requirements.

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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