Dril-Quip Streamlines Financial Reporting and Planning with OneStream
公司规模
1,000+
地区
- America
国家
- United States
产品
- OneStream
- Oracle HFM
- Epicor ERP
技术栈
- OneStream
- Oracle HFM
- Epicor ERP
实施规模
- Enterprise-wide Deployment
影响指标
- Cost Savings
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
技术
- 功能应用 - 企业资源规划系统 (ERP)
适用行业
- 石油和天然气
适用功能
- 商业运营
服务
- 云规划/设计/实施服务
- 系统集成
- 培训
关于客户
Dril-Quip, Inc. is a leading manufacturer of offshore drilling and production equipment, primarily for deepwater applications. The company designs and manufactures subsea, surface, and offshore rig equipment for use by oil and gas companies and drilling contractors worldwide. Dril-Quip also offers technical advisory services, reconditioning services, and running tools for the installation and retrieval of its products. The company is known for its high-quality, reliable equipment and services, which are essential for the demanding conditions of offshore drilling.
挑战
Dril-Quip previously used Microsoft Excel® spreadsheets for their month-end close process, which created inconsistencies in data collection and a lengthy, inefficient close process. The visibility senior management had within geographic segments was limited, affecting strategic decision-making. Budgeting and forecasting were also done in Excel® using a top-down approach, leading to disjointed drivers and versioning. The company needed a unified and streamlined solution for financial consolidations, internal and external reporting, forecasting, and analysis that could be easily maintained and deliver accurate reporting. Strengthening internal controls over financial reporting was also a priority.
解决方案
Dril-Quip evaluated both OneStream and Oracle HFM to address their challenges. After thorough evaluation, including demos and a review of the total cost of ownership, OneStream was selected for its ability to provide a unified solution for all financial reporting and planning needs. OneStream was implemented to deliver multiple solutions, including financial consolidation and reporting, global rolling 18-month forecast, sales planning, people planning, and capital planning. The solution replaced several spreadsheets and homegrown solutions, providing confidence in the data reported both internally and externally. OneStream's pre-built functionality for automatic intercompany eliminations and custom dimensions for inventory turnover helped streamline processes and improve accuracy.
运营影响
数量效益
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