Kennametal's Implementation of OneStream for Financial Consolidation and Planning
公司规模
1,000+
地区
- America
国家
- United States
产品
- OneStream
- SAP HANA
- Oracle Hyperion Financial Management (HFM)
- Hyperion Planning
技术栈
- OneStream Cloud
- SAP HANA ERP
- Oracle Hyperion
实施规模
- Enterprise-wide Deployment
影响指标
- Customer Satisfaction
- Digital Expertise
- Productivity Improvements
技术
- 分析与建模 - 预测分析
- 平台即服务 (PaaS) - 连接平台
- 平台即服务 (PaaS) - 数据管理平台
适用行业
- 航天
- 运输
适用功能
- 商业运营
- 质量保证
服务
- 软件设计与工程服务
- 系统集成
关于客户
With over 80 years as an industrial technology leader, Kennametal, Inc. delivers productivity to customers through materials science, tooling and wear-resistant solutions. Customers across aerospace, earthworks, energy, general engineering and transportation turn to Kennametal to help them manufacture with precision and efficiency. Every day approximately 9,000 employees are helping customers in more than 60 countries stay competitive. Kennametal generated nearly $1.9 billion in revenues in fiscal year 2020.
挑战
With an SAP HANA ERP system being used to handle transaction processing, Kennametal had been using Oracle Hyperion Financial Management (HFM), FDM, and Hyperion Planning for 15 years, but the products had been receiving little investment from Oracle and were no longer meeting the company’s requirements. The administrators of the Hyperion applications were so consumed by maintaining the products they had little time for value-added work. As they began looking for alternative solutions, it became clear the Kennametal team needed an intuitive solution that could be easily learned and navigated by users with limited support from the administrators. The team evaluated several alternatives and selected OneStream as a unified solution for financial consolidation, reporting and planning.
解决方案
The initial implementation of OneStream focused on replacing HFM and FDM for financial close, consolidation, reporting and account reconciliations. The second phase focused on replacing Hyperion Planning and was completed in four months, including financial, capital and sales planning. The implementation of OneStream for planning at Kennametal had to address a matrix organization structure where managers have responsibilities across multiple entities. Administrative functional leads in IT, Finance HR and other departments have global responsibility, while manufacturing controllers have single or multiple plan responsibilities within their regions. The prior forecasting process was very fluid with Microsoft Excel® used to collect data, which was uploaded into Hyperion Planning. This upload process was very time-consuming, as some users have responsibility for hundreds of cost centers. The end users requested one-stop-shopping functionality for planning and a user interface that was much easier and intuitive than in Hyperion.
运营影响
数量效益
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