Herbalife Nutrition Implements OneStream for Unified CPM Platform
公司规模
1,000+
地区
- America
国家
- United States
产品
- OneStream MarketPlace
- Oracle Hyperion
- Oracle ERP
- Oracle Fusion HCM
技术栈
- Cloud Computing
- Data Integration
- Financial Data Quality Management
- Driver-Based Rolling Forecasting
实施规模
- Enterprise-wide Deployment
影响指标
- Cost Savings
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
技术
- 分析与建模 - 预测分析
- 应用基础设施与中间件 - 数据交换与集成
- 功能应用 - 企业资源规划系统 (ERP)
- 平台即服务 (PaaS) - 数据管理平台
适用行业
- 消费品
- 医疗保健和医院
适用功能
- 商业运营
- 质量保证
- 销售与市场营销
服务
- 云规划/设计/实施服务
- 软件设计与工程服务
- 系统集成
- 培训
关于客户
Herbalife Nutrition is a global nutrition company that has been changing people’s lives with great nutrition products and a proven business opportunity for its independent business owners since 1980. The Company offers high-quality, science-backed products, sold in over 90 countries by entrepreneurs who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle. Herbalife Nutrition has over 9,300 employees and generates over $4.8B in annual revenue.
挑战
Headquartered in Los Angeles, CA, Herbalife Nutrition operates in ninety countries and had multiple legacy CPM products in place including Oracle Hyperion (HFM), Planning, FDM, Essbase and EPMA. Managing data across several applications, the Company had a very manual Excel-based process for modeling and reporting. “We were integrating from many different applications, including Oracle ERP to multiple Oracle Hyperion applications, yet they were all behaving independently,” said Vanita Thornton, Sr. Director Global Operational Accounting and Financial Systems at Herbalife Nutrition. These legacy systems were limited by dimensionality which hindered the Company’s ability to report on project-level detail. It was time for the Company to make a choice—take on a major upgrade, move to the cloud, or start looking at alternative solutions. Seeking to learn more about Oracle’s product roadmap, Herbalife Nutrition was ready to explore the market. OneStream was ultimately selected because it best complimented the Company’s system requirements to have all solutions in one product.
解决方案
The first phase of implementation included global consolidations for 80 markets, global expense planning, and people planning with direct integration with their Oracle Fusion HCM system. With 600 accounting and FP&A users globally, Herbalife Nutrition went live with 2.5 years of data conversion in just 10 months in a complete “rip and replace” of Hyperion Planning, Essbase and HFM. Three months later, they went live with a Transfer Profit solution and today they are using People Planning, Parcel Service, and Diagnostics 123 solutions from the OneStream MarketPlaceTM. “People Planning added more flexibility with the way we calculate compensation. Integrating directly with our HR system gives us more control and accurate data,” said Neal Yeung, Director of Financial Systems FP&A at Herbalife Nutrition. With 90+ entities and 30+ currencies, Herbalife Nutrition manages a high volume of intercompany sales activity. As such, they are uniquely using OneStream as a solution to calculate the transfer profit in ending inventory, prepare the monthly elimination journal entry and assess the FX impact to cost of sales (calculation based on estimated quantities sold in the month). “OneStream helps me to perform a very complicated calculation.” Thornton explains. “For example, our own manufacturing plants purchase raw material from both internal and external suppliers. Once the products are made, the related finished products would sell to our own distribution entities in US and in Luxembourg before they sell to other Herbalife entities. As such, many of our SKUs have multi-levels of transfer profit in different currencies that became impossible for anyone to perform the calculation of manually. OneStream has enabled us to easily peel back the layers and prepare our monthly elimination entries. Further, various reports are available in OneStream for the users to review the month to month fluctuation at item level by entity.”
运营影响
数量效益
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