Johnson Outdoors Implements OneStream for Enhanced Financial Consolidation and Reporting
Company Size
1,000+
Region
- America
Country
- United States
Product
- OneStream
- Hyperion Enterprise
- JDE Warehouse
Tech Stack
- Financial Consolidation
- Data Quality Management
- Budgeting and Forecasting
- Workflow Approval
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
Technology Category
- Analytics & Modeling - Predictive Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Industries
- Consumer Goods
- Retail
Applicable Functions
- Business Operation
- Quality Assurance
- Sales & Marketing
Services
- Software Design & Engineering Services
- System Integration
- Training
About The Customer
Johnson Outdoors is a leading global outdoor recreation company that turns ideas into adventure with innovative, top-quality products. The company designs, manufactures, and markets a portfolio of winning, consumer-preferred brands across four categories: Watercraft, Marine Electronics, Diving, and Outdoor Gear. Johnson Outdoors’ familiar brands include, among others: Old Town® canoes and kayaks; Ocean Kayak™ and Necky® kayaks; Carlisle® paddles; Extrasport® personal flotation devices; Minn Kota® motors; Cannon® downriggers; Humminbird® marine electronics, SCUBAPRO® dive equipment; Silva® compasses; Jetboil® outdoor cooking systems; and Eureka!® camping and hiking equipment.
The Challenge
Johnson Outdoors was using Hyperion Enterprise for financial consolidation and reporting and had outgrown the solution. They needed to improve multiple finance processes such as consolidation, reporting, SOX, budgeting, data submission process, audit support, and cash flow reporting. Core requirements revolved around improving financial close processes for data collection, consolidation, and reporting. There was also a significant need for more extensive and detailed consolidated operational and sales reporting and a completely revamped budgeting, forecasting, and planning process. It was imperative that the solution was owned by Corporate Finance. Consolidated operational and sales reporting was extremely time-consuming and painful, and multiple systems were needed to provide consolidated reporting and the details behind the reporting. They needed to be able to provide detailed reporting capability to the business unit controllers to deliver an integrated global system that met both business and corporate needs.
The Solution
Johnson Outdoors implemented OneStream for financial consolidation and reporting, forecasting, budgeting, and data quality management (data collection). Workflow approval levels give group controllers immediate access to their data, meaning no more waiting for corporate to run the consolidation process. Users can use OneStream to drill back to details in JDE warehouse directly from their workflow process when they need to investigate transactional details. Budgeting was delivered in under two months due to the system’s ability to leverage itself. OneStream delivers more detailed reporting and analytics in one unified product and application. Owned by Corporate Finance, OneStream delivers powerful management and ad hoc reporting for corporate HQ and business users. The OneStream platform allowed Johnson Outdoors to deliver global financial consolidation, management reporting, guided workflows, and a robust planning solution all in one product and one application. The modern platform gives the ability to adapt more quickly to business changes and deliver more value to the business. Business unit controllers that never touched Hyperion Enterprise are now seeing the value of the additional details and reporting capabilities of the unified OneStream solution.
Operational Impact
Quantitative Benefit
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