Takeaway.com Enhances Financial Reporting with OneStream Implementation
Company Size
1,000+
Region
- Europe
Country
- Austria
- Belgium
- Germany
- Netherlands
- Poland
Product
- OneStream
- Oracle HFM
Tech Stack
- OneStream Report Generator
- Microsoft PowerPoint
- Microsoft Word
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
- E-Commerce
- Software
Applicable Functions
- Business Operation
- Quality Assurance
Services
- Software Design & Engineering Services
- System Integration
- Training
About The Customer
Takeaway.com, founded in 2000 by Jitse Groen, is a leading online food delivery marketplace in Continental Europe. The company holds the #1 market position in terms of orders in the Netherlands, Germany, Belgium, Austria, and Poland. With over 1,100 employees across five European offices and more than 2,000 couriers, Takeaway.com processed over €1.3 billion worth of orders in 2017. The company was listed on the Euronext Amsterdam stock exchange in 2016 to raise funds for further growth. Takeaway.com has grown significantly, necessitating a more robust financial consolidation and reporting system.
The Challenge
Takeaway.com faced significant challenges in financial consolidation and reporting as it grew. Initially, the company relied on Excel® for data extraction and report generation, which was manageable when the company was smaller. However, as Takeaway.com expanded, this method became unsustainable due to scalability and reliability issues. The company needed a robust consolidation tool to ensure accurate financial management reports and support future growth. The IPO listing on Euronext Amsterdam further emphasized the need for a more reliable and scalable solution.
The Solution
Takeaway.com selected OneStream as its financial consolidation and reporting solution after evaluating multiple options, including Oracle’s HFM. OneStream was chosen for its ease of data reception, storage, and processing, as well as its ability to generate reports using the OneStream Report Generator within Microsoft PowerPoint® and Word®. The solution met all requirements for financial consolidation, reporting, forecasting, budgeting, data quality management, KPI analysis, and cost center reporting. The implementation included training end-users via webcast, integrating multiple European entities into the OneStream platform, and simplifying the monthly close process with intuitive workflows. Analytical comments and IFRS adjustments were embedded to complete the financial close. The solution also enabled the generation of management reports and financial analyses directly from OneStream, improving efficiency and data quality.
Operational Impact
Quantitative Benefit
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