实例探究 > Van Oord's Finance Transformation with OneStream and AMCO Solutions

Van Oord's Finance Transformation with OneStream and AMCO Solutions

公司规模
1,000+
地区
  • Europe
国家
  • Netherlands
产品
  • OneStream
  • Infor MPC
  • OneStream MarketPlace
技术栈
  • OneStream
  • Microsoft Excel
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
  • 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)
适用行业
  • 建筑与基础设施
  • 海洋与航运
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
Van Oord is a Dutch family-owned company with over 150 years of experience as an international marine contractor. They specialize in dredging, oil & gas infrastructure, and offshore wind. The company is strongly rooted in the Dutch continuous struggle with water and values innovative and sustainable solutions. Van Oord’s annual turnover is around 2 billion euros, and they employ approximately 5,000 employees. The company operates globally, managing complex projects across more than 50 countries, and is known for its expertise in marine engineering and construction.
挑战
Van Oord operates with a complex structure that is constantly changing and increasingly disruptive. With a finance staff of around 250 people, 200 reporting entities, and averaging 300 active projects across more than 50 countries, the sheer volume of data to manage was a challenge. On top of that, Van Oord deals with various local statutory, fiscal, and reporting regulations. Van Oord’s CPM landscape consisted of Infor MPC for consolidation and Microsoft Excel for data processing, project cost control, and reporting. The result was duplicate data entries and required manual eliminations. Van Oord was operating with multiple versions of the truth. Reconciliation and data quality issues were ending up at business unit and group level for further investigation and solving. Equipment and project specifications were entered as free text, making aggregation and ‘slice and dice’ very difficult. Van Oord wants to transform its finance function to become more lean, agile, and future-proof to adapt to the constantly changing environment. They needed a solution that would easily integrate financial accounting, project cost control, project reporting, and equipment reporting into a single, unified platform.
解决方案
Van Oord selected OneStream as their solution for financial consolidation, forecasting, planning, and reporting, and AMCO Solutions as their implementation partner. OneStream’s Extensible Dimensionality® was a key deciding factor, as Van Oord’s projects come in a variety of forms and the data often has multiple dimensions (projects, ships, and departments). OneStream allows for a phased implementation approach so that Van Oord and AMCO could follow a realistic timeline, which is key to a successful build. They kicked off the project focused on consolidation, forecasting, planning, and reporting, followed by high-level project performance management. They are currently extending project performance management to include integration with Van Oord’s ERP. To ensure complete ease of mind, Van Oord ran a full shadow test-run, in which they executed the full quarterly close for actuals and forecast in both the old system Infor MPC and OneStream simultaneously. This gave Van Oord full confidence and acceptance of OneStream. AMCO designed a safe migration path from the previous CPM and scattered Excel environment to the integrated OneStream platform.
运营影响
  • OneStream ensures a faster close and reliable management information.
  • Actuals and forecasting take place in one single process flow, which is uniform across all reporting entities.
  • Guided workflows deliver a clear view on the progress of their reporting units during the close cycle, and confirmation rules contribute to data quality management.
  • Project revenue and results are now available in a uniform way on reporting unit level and on consolidated levels in different organizational rollups.
  • Van Oord has automated all intercompany matching, equity pickup, and intercompany elimination, solving their challenge of manual eliminations.
数量效益
  • Van Oord’s annual turnover is around 2 billion euros.
  • Van Oord employs approximately 5,000 employees.
  • The finance staff consists of around 250 people.
  • Van Oord manages 200 reporting entities and averages 300 active projects across more than 50 countries.

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