Cleaver-Brooks Enhances Financial Processes with OneStream Intelligent Finance Platform
Company Size
1,000+
Region
- America
Country
- Canada
- Mexico
- United States
Product
- OneStream Intelligent Finance Platform
- People Planning MarketPlace solution
- IBM Cognos
Tech Stack
- OneStream Software
- Great Plains
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Analytics & Modeling - Predictive Analytics
- Functional Applications - Enterprise Resource Planning Systems (ERP)
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Equipment & Machinery
Applicable Functions
- Business Operation
- Quality Assurance
Services
- Software Design & Engineering Services
- System Integration
- Training
About The Customer
Cleaver-Brooks is a world-renowned provider of boiler room products and systems, committed to providing efficient solutions that help its customers and the industry reduce energy usage, cost, and environmental impact. As the pioneer of packaged firetube and watertube boilers, Cleaver-Brooks is the only manufacturer in the world to offer an entirely integrated boiler room solution for any size application. Its products are backed by a world-class representative network offering superior aftermarket service and solutions. With operating facilities located across the US, Canada, and Mexico, Cleaver-Brooks serves a diverse range of industries and is dedicated to innovation and excellence in its field.
The Challenge
Cleaver-Brooks manufactures multiple distinctive product types that each require unique accounting, budgeting, and reporting needs. With operating facilities located across the US, Canada, and Mexico, their financial close process for reporting, budgeting, and analysis was painstakingly slow and needed improvement. Cleaver-Brooks was using IBM Cognos for their corporate performance management (CPM) needs. They had the right formulas built-in to the system, yet still too much time was spent ensuring their finance team had the most up-to-date and accurate data. There was not enough time left to spend dissecting what the data was telling about the business. This was particularly problematic for planning and budgeting, as the process was cumbersome and time-consuming. Cleaver-Brooks needed a solution that could streamline their financial processes and provide better data integrity and visibility.
The Solution
Cleaver-Brooks selected OneStream as their CPM solution to streamline their financial processes and automate cash flow and balance sheet budgeting. OneStream was chosen for its flexibility and visibility into financial and operational data. The OneStream Intelligent Finance Platform provides reliable system performance and a granular level of detailed results. Cleaver-Brooks implemented OneStream for financial consolidation and reporting, budgeting, forecasting, and analysis. Each business unit now has the ability to view, close, and run their consolidation process independently. The implementation of OneStream was seamless, with quick and easy integrations with Great Plains for data collection. The new budgeting process is driver-based and uses spreading and allocations to speed up the process of producing weekly forecasts. Additionally, the downloadable People Planning MarketPlace solution allowed Cleaver-Brooks to budget headcount and calculate payroll costs within the same platform.
Operational Impact
Quantitative Benefit
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