3 Steps to Driving Agility in Planning, Budgeting and Forecasting

Visual Process Charts

Working in a fast-paced, sophisticated organization isn’t easy. Especially if you want to respond quickly to new opportunities and risks. As a finance leader and business partner, it’s your responsibility to encourage and support innovation. Innovative ways to drive performance. Innovative ideas for new products. Innovate ways to disrupt. All of this sounds great — if you have time to do it. To enable innovation, a high-level of focus is required from a finance leader who appreciates the big picture. Someone who understands how financial risks are factored into business decisions. Someone who’s ready to create the foundation for finance transformation. A leader who flawlessly executes across constantly changing priorities and external factors. Are you ready to unleash the true value of finance? Driving agility in financial planning, budgeting and forecasting is critical for today’s forward-thinking organizations. By generating sophisticated forecasts, your finance organization can focus on initiatives that drive meaningful innovation.

Integrated messaging notifies teams

Role and task security

Data Entry & Other Forms

Integration with Other Solutions

Visual Process Charts provide managers with real-time visibility into the status of key processes, tasks, due dates and dependencies.

Business Agility Requires Finance Transformation

Does your finance function have the right resources to effectively focus on strategic priorities across the entire organization? Can you plan at the customer level, volume, or unit price and dynamically see the impact through your financial statements? Is your organization maximizing the time available for analysis, scenario modeling, decision making and other value-added activities?

Implement a Rolling Forecast Move beyond static annual budgets and continually plan to provide finance and operations leaders the ability to make forecast adjustments based on what’s happening today

Align Operations and Finance Goals Unify operational data with financial results for improved scenario planning, pipeline strategies and better visibility enterprise-wide.

Leverage Business Drivers and KPIs Understanding the key business drivers that affect the financial aspects of your business will help leaders accommodate for potential unforeseen expenses.

Finance leaders must have accurate information across the enterprise to make fast, informative decisions that drive business performance. But unfortunately, CFOs have spent billions on legacy corporate performance management systems (CPM 1.0) and fragmented planning tools that require users to manually transfer data between applications rather than enabling finance leaders to drive business performance. Isn’t the role of technology to enable the business? Instead, legacy CPM tools hinder finance teams from achieving their full potential by adding costs and complexity into critical processes. To assess your current level of agility, consider the following questions:

Other key features include the following:

—Mark DiMatteo, Sr. | Manager CPM System XYLEM

The ability to collect more granular data in OneStream facilitates better, faster business decisions. With OneStream we have more time available to spend analyzing data for future initiatives and the flexibility of OneStream provides the ability to respond quickly to changing business needs.”

“

Integrated messaging notifies team members to upcoming deadlines and alerts managers to overdue tasks. It also ties messages and email notifications to specific tasks with date and time stamps.

Role and task security drives accountability with strict segregation of duties and aligns tasks and task groups with workflows in OneStream.

Pre-built data entry forms, rules, calculations, reports and dashboards

Integration with other OneStream specialty planning solutions including Cash Planning

Implement Rolling Forecasts – By continuously planning over a set time horizon, rolling forecasts provide a timely vision beyond the current calendar or fiscal year by enabling users to see trends or potential headwinds and adjust plans accordingly. Align Operations with Finance Goals – Create opportunities to better engage your business partners by putting more focus on the actual drivers that impact the business across areas like Sales, Operations and HR. Focus on Business Drivers & KPIs – Intangible, non-financial KPIs play a critical role in guiding strategy and long-term decision-making and being able to synthesize this data is meaningful in understanding what moves the needle.

Intelligent Finance Solutions Drive Business Agility

The OneStream XF SmartCPM™ Platform unifies financial consolidation, planning, reporting, analytics and data quality for sophisticated organizations. The OneStream XF MarketPlace provides 50+ downloadable business and productivity solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations.

Download

Configure

Deploy

Addressing the Challenges

OneStream works with hundreds of global organizations to help drive agility across budgeting, planning and forecasting. Here are a few examples of these customer successes.

West Bend saved two days per month by replacing spreadsheets with OneStream for the financial close, including the use of Task Manager to revitalize a labor-intensive and error-prone month-end close process including complex allocations and cash-flow reporting.

West Bend

Key Benefits Include:

Analyze capacity utilization by location based on required hours vs. available production hours

Allocate detailed labor plans by location to financial plans in 5/4/4 calendar format

Create employee-level plans by department using global drivers for position type, benefits, travel and taxes

Eliminated spreadsheets for headcount planning; reduced process from one week to 20 minutes

Leverage 30+ employee-level drivers based on department, job level, geography for compensation and benefit calculations

Source employee-level details from Workday to plan for over 1600 employees centrally within Human Resources

Key Benefits Include:

Traxion replaced spreadsheets with OneStream to reduce the financial close to two days by leveraging Task Manager to provide visibly into financial close processes and tasks across 32 entities.

Traxion

Deliver additional CPM solutions, templates, tools and content with a simple download, similar to downloading an app to an iPhone®.

Eliminate the noise of technical complexity and allow you to start solving your business problem on Day 1.

50+ solutions available, including specialty planning, financial close and reporting, and productivity tools.

Visit OneStreamSoftware.com or call us at +1.248.650.1490

Click icons to show more

View a larger screenshot by clicking the icon below

3 Steps to Driving Agility in Planning, Budgeting and Forecasting

Click icon to learn more

OneStream XF Platform and XF MarketPlace

Click icon to learn more

OneStream Planning, Budgeting, and Forecasting

DOWNLOAD THE SOLUTION BRIEF

OneStream Budgeting, Planning and Forecasting

OneStream works with hundreds of global organizations to help drive agility across budgeting, planning and forecasting. Here are a few examples of these customer successes.

Addressing the Challenges

Finance leaders must have accurate information across the enterprise to make fast, informative decisions that drive business performance. But unfortunately, CFOs have spent billions on legacy corporate performance management systems (CPM) and fragmented planning tools that require users to manually transfer data between applications rather than enabling finance leaders to drive business performance. Isn’t the role of technology to enable the business? Instead, legacy CPM tools, or connected finance solutions, hinder finance teams from achieving their full potential by adding costs and complexity into critical processes. To assess your current level of agility, consider the following questions:

Without detailed visibility into different aspects of the business, the CFO and CEO cannot make decisions on critical investments. To effectively plan the business, they must understand what the detailed drivers are. And there is simply not enough time — or data — to dynamically plan for future innovation. Modern finance requires more! Leaders at the world’s largest and most sophisticated organizations are re-evaluating their connected finance tools and thinking bigger with intelligent finance solutions.

3 Steps to Driving Agility in Planning, Budgeting and Forecasting

Building an agile finance team is about creating partnerships across the organization that drive business performance. OneStream’s Intelligent Finance platform supports multiple CPM processes and eliminates disconnected spreadsheets, point solutions and legacy CPM systems. OneStream enables financial leaders to focus on key business drivers while providing business partners with the visibility and flexibility to shift initiatives on a dime. Consider the following three steps to driving agility in budgeting, planning and forecasting:

Did You Know? The Dresner Advisory 2020 Wisdom of Crowds EPM Market Study showed that 64% of organizations are using rolling forecasts, and 16% of them replaced annual budgets with rolling forecasts. How does your organization compare to your competition?

The Carlyle Group – replaced four legacy Hyperion solutions with OneStream for driver-based people planning, modeling, and real-time reporting Frank’s International – developed an 18-month rolling forecast with increased visibility into their internal supply chain activity and oil rig level gross margins. Fruit of the Loom – improved visibility into financial and operating results by line of business, brand, product and geography by capturing and analyzing more than two billion data points from their source systems. Henniges Automotive – analyzes and creates detailed customer, product, and part-level profitability analysis to drive business performance across the organization. Xylem – automated thousands of expense allocations across segments for actual and budget scenarios with more detailed and accurate reporting of operating results.

Business Agility Requires Finance Transformation

Without detailed visibility into different aspects of the business, the CFO and CEO cannot make decisions on critical investments. To effectively plan the business, they must understand what the detailed drivers are. And there is simply not enough time—or data—to dynamically plan for future innovation. Modern finance requires more! Leaders at the world’s largest and most sophisticated organizations are re-evaluating their CPM 1.0 tools and thinking bigger with next generation (CPM 2.0) applications

Empower the Organization with the Financial and Granular Operational Insights Required for Effective Collaboration and Decision-Making

3 Steps to Driving Agility in Planning, Budgeting and Forecasting

LEADING AT SPEED WITH

SOLUTION BRIEF

Plan Headcount, Salaries and Compensation Down to the Individual Person or Position Level

People Planning

LEADING AT SPEED WITH

XF MARKETPLACE SOLUTION BRIEF

SCROLL DOWN

The Carlyle Group – replaced four legacy with OneStream for driver-based people planning, modeling, and real-time reporting Frank’s International – developed an 18-month rolling forecast with increased visibility into their internal supply chain activity and oil rig level gross margins. Fruit of the Loom – improved visibility into financial and operating results by line of business, brand, product and geography by capturing and analyzing more than two billion data points from their source systems. Henniges Automotive – analyzes and creates detailed customer, product, and part-level profitability analysis to drive business performance across the organization. Xylem – automated thousands of expense allocations across segments for actual and budget scenarios with more detailed and accurate reporting of operating results.

The Carlyle Group replaced four legacy Hyperion solutions with OneStream for driver-based people planning, modeling, and real-time reporting

Frank’s International developed an 18-month rolling forecast with increased visibility into their internal supply chain activity and oil rig level gross margins.

Fruit of the Loom improved visibility into financial and operating results by line of business, brand, product and geography by capturing and analyzing more than two billion data points from their source systems.

Henniges Automotive analyzes and creates detailed customer, product, and part-level profitability analysis to drive business performance across the organization.

Xylem automated thousands of expense allocations across segments for actual and budget scenarios with more detailed and accurate reporting of operating results.

Did You Know? The Dresner 2020 Wisdom of Crowds EPM Market Study showed that 64% of organizations are using rolling forecasts, and 16% of them replaced annual budgets with rolling forecasts. How does your organization compare to your competition?

OneStream.com Sales@OneStreamSoftware.com

362 South Street Rochester, MI 48307-2240 Phone: +1.248.650.1490