Reunert Limited Implements OneStream for Financial Consolidation and Reporting
Company Size
1,000+
Region
- Africa
- America
- Asia
- Europe
Country
- Australia
- South Africa
- United States
Product
- OneStream
- SAP BPC
- Sage
- Syspro
- AccPac
Tech Stack
- OneStream
- SAP BPC
- Excel
Implementation Scale
- Enterprise-wide Deployment
Impact Metrics
- Cost Savings
- Customer Satisfaction
- Productivity Improvements
Technology Category
- Functional Applications - Enterprise Resource Planning Systems (ERP)
Applicable Functions
- Business Operation
Services
- Software Design & Engineering Services
- System Integration
- Training
About The Customer
Reunert Limited is a diversified group managing businesses in Electrical Engineering, ICT Services, and Applied Electronics. Established in 1888, the company has significantly contributed to the South African economy and operates primarily in South Africa, with smaller operations in Australia, Lesotho, Mauritius, the USA, Zambia, and Zimbabwe. Reunert is listed on the JSE and has over 6,600 employees, generating more than 10Bn ZAR in revenue. The company’s headquarters are located in Woodmead, Johannesburg, South Africa.
The Challenge
Reunert Limited faced significant challenges with their outdated SAP BPC system, which was costly to maintain and unable to meet the evolving business needs without a major upgrade. The finance team relied heavily on Excel for financial and management reporting, and the system lacked sub-consolidation capabilities. Intercompany transactions took two weeks to reconcile at year-end, and the system required extensive manual work for half-year financials and segment reporting. Upgrading SAP BPC was estimated to cost $4M USD and take up to three years, prompting Reunert to seek alternatives.
The Solution
Reunert selected OneStream after a thorough evaluation process involving six vendors. OneStream was chosen for its pre-built functionality and the ability to address Reunert’s challenges effectively. The implementation was carried out in stages, starting with financial consolidation and reporting, followed by budgeting and forecasting. The solution spans 80 legal entities and six currencies, supporting 20 consolidated reporting entities. The implementation was completed in ten months for consolidation and reporting, and six months for budgeting and forecasting. The deployment involved 128 users across various regions, including Zambia, Sweden, the USA, and Australia.
Operational Impact
Quantitative Benefit
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