实例探究 > Royal Terberg Group Enhances Financial Consolidation and Reporting with OneStream

Royal Terberg Group Enhances Financial Consolidation and Reporting with OneStream

公司规模

1,000+

地区

Europe

国家

Netherlands
United Kingdom

产品

OneStream
Microsoft Dynamics AX
IBM Cognos

技术栈

Corporate Performance Management (CPM)
ERP Integration
Dashboard Reporting

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
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

汽车
特种车辆

适用功能

商业运营

服务

软件设计与工程服务
系统集成
培训

关于客户

For over 150 years, the Royal Terberg Group of companies have been active in the specialist vehicle markets. With 39 operating companies in 13 countries, Terberg is one of the largest independent specialist vehicle suppliers, from terminal tractors to cars, conversions to new builds, Terberg leads the way. The Royal Terberg Group has been moving forward with an emphasis on invention, innovation, transformation, and value creation.

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挑战

Speed, flexibility, and accuracy are crucial elements for financial consolidation and management reporting in any organization — especially large enterprises like the Royal Terberg Group. Headquartered in the Netherlands, the Royal Terberg Group was looking for an integrated corporate performance management (CPM) system to improve consolidation, reporting, budgeting, and forecasting across 39 operating locations. Excel® required too many manual consolidation steps, and their IBM Cognos system was cumbersome, which in turn created a lengthy and inefficient process. As Terberg continued to grow organically and through acquisitions, they knew it was time to look for a replacement.

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解决方案

Terberg had a list of CPM software requirements, which started with an intuitive interface. They needed a user-friendly solution that could be completely owned by the office of Finance. Their ideal platform would offer balance sheet and cash flow statements, as well as dashboard reporting. Finally, to improve data collection, they wanted their solution to pull information directly from Microsoft Dynamics AX. Thanks to a recommendation from Finext, Terberg found the perfect solution for financial consolidation and reporting in OneStream. OneStream has enabled Terberg to standardize and automate their consolidation process and reduce the time needed to generate corporate reports. Controllers are able to create manageable accounts, automate cash flow, and leverage OneStream’s core budget and forecast capabilities. OneStream gave them the look and feel they were seeking in one unified product. Following their implementation, Terberg acquired a significant business that added 10 operating companies, nearly doubling their sales numbers. OneStream enabled Terberg to quickly add these companies to their financial structure, which included unique reporting requirements and deadlines under UK GAAP.

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运营影响

With OneStream, intercompany balances are reconciled and eliminated faster and more efficiently through an automated, simplified consolidation process.
OneStream has not only saved time and effort, but the platform has also enabled Terberg to report key figures to the board of directors faster, with more detail for analysis.
The finance team also benefits from OneStream’s direct integration to the ERP system, which allows them to obtain critical figures with higher accuracy.
Modifications can be applied quickly, for example, moving entities or changing the presentation of the information.
Support is fast and good, and system upgrades are completed in less than two hours.

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数量效益

Following their implementation, Terberg acquired a significant business that added 10 operating companies, nearly doubling their sales numbers.
The first consolidated budget was delivered by the end of October in standard format, following a swift implementation in September.
System upgrades are completed in less than two hours.

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