Lack of Visibility & Agility, Time Wasted on Manual Processes
The demand for cross-border payments, closely linked to the macro-demographic shift towards a more globalized society, continues to grow annually. Through investment funds and acquisitions, Small World has built an extensive network of 100 offices and five thousand agents around the world. The company carries out an average of one million transactions each month in its 250,000 locations spread across 196 countries.
At Small World, borders don’t mean barriers: transfers take place in seconds and can be collected in minutes, with services available in-store, online, and on mobile devices. In order to keep pace with the rapid demand growth and be able to offer their services to even more people, Small World embarked on a journey of digital transformation, a big part of which was the implementation of OneStream at the hands of CIS Consulting.
Previously, Small World relied on the combination of PeopleSoft and Excel to carry out all their Financial Planning and Reporting processes. The company had neither direct integration to databases, nor a single version of the truth. The manual processes were lengthy and prone to errors. Due to the lack of visibility and agility, the finance team dedicated more time and resources to manually introducing and updating data instead of reviewing or analyzing it.
OneStream, An Integrable CPM with FP&A on a Single Platform
To solve such issues, Small World required a CPM that would provide them with a direct PeopleSoft integration, unified database, and bullet-proof processes. They evaluated leading solutions from Gartner Magic Quadrant and chose OneStream as the only tool capable of addressing all their current FP&A needs and future developments within a single platform.