Implementation of OneStream to Support Local GAAP Reporting

The Challenge:

The company reached out to Eliassen Group because they were dealing with the following:

• Limited to no visibility to local Generally Accepted Accounting Principles (GAAP) reporting for non-US entities
• Manual Excel-based data gathering for budgeting and forecasting
• No detailed revenue reporting available on a global basis
• Inability to report and view consolidated non-financial data collected from Excel

The Solution:

Eliassen Group used OneStream to handle the following:

• Designed reports and dashboards to standardize the budget data gathering process at the Entity and Site level
• Created a hierarchical structure to collect non-financial data
• Designed and implemented a corporate workspace dashboard to manage the month-end reporting process for loading and consolidating data, along with determining Entity status, reviewing new accounts, and locking periods
• Designed a presentation book for financial planning and analysis (FP&A) and for upper management reporting

The Result:

Eliassen Group utilized OneStream XF’s extensible dimensionality to support local GAAP reporting and to enhance Excel-based reporting for budgeting and non-financial data.