Before:
Outdated Systems and a Lack of Data Synchronization Creates Roadblocks
Wireco relied on Microsoft Excel and Hyperion as their primary source to store their data. Unfortunately, the setup was not fully integrated to capture the various sources of data throughout the business, forcing Wireco to navigate back and forth to try and piece together what the data was communicating.
Wireco found it strenuous to accurately interpret their data processes effectively, deeming it unreliable in achieving specific organizational goals. Wireco opted to construct a more robust and unified system for their processes, partnering with Spaulding Ridge to implement a solution that could meet their business KPI goals and enhance operational efficiency. After communicating with and assessing Wireco’s current data processes, Spaulding Ridge recommended OneStream.
Solution:
Spaulding Ridge + OneStream – Automation for Efficiency Gains
OneStream aimed to streamline the people planning process, with a core focus on enhancing data analytics, equity adjustments, and account reconciliation, leading to enhanced operational efficiency and data accuracy. The project scope involved building a comprehensive and unified solution to consolidate all financial close and FP&A functions under one platform, serving as a single source of truth for Wireco’s data. Automated capabilities reduced the manual processes performed across multiple financial functions, which led to the accurate reporting of records for revenue and expenditures.
With this, Wireco was ready to take charge of their operations and set themselves up for success, on their terms.
