Cleaver-Brooks, a world-renowned provider of boiler room products and systems, is committed to providing efficient solutions that help its customers and the industry reduce energy usage, cost and environmental impact. As the pioneer of packaged firetube and watertube boilers, Cleaver-Brooks is the only manufacturer in the world to offer an entirely integrated boiler room solution for any size application. Its products are backed by a world-class representative network offering superior aftermarket service and solutions. Please visit www.cleaverbrooks.com to learn more.
The OneStream™ Solution
Cleaver-Brooks implemented OneStream for financial consolidation and reporting, budgeting, forecasting and analysis. OneStream has provided them with a multi-faceted solution in one easy to manage and use model. Each business unit now has the ability to view, close and run their consolidation process independently. The budgeting and forecasting solutions live together and leverage a similar but different dimensional model with a single point of maintenance for all shared dimensions. The budget and forecast is driver based and uses spreading and allocations to speed up the process of producing the budgets and weekly forecasts. With People Planning, Cleaver-Brooks is now able to calculate payroll expenses and calculate labor hours, overtime, etc. per employee. Additionally, reporting used to take an hour now takes only minutes allowing Cleaver Brooks to have more time to deliver value added analytics to the business.
Financial Consolidation and Reporting Results
“We reviewed OneStream Software alongside other CPM providers but quickly realized that other vendors did not have the same functionality that OneStream could provide,” said Michael Barfuss, Corporate Controller, CleaverBrooks.
“We needed something we could manage within our own financial group instead of relying solely on IT. OneStream gives us complete autonomy as well as transparency, visibility and drill back capabilities into transactional data. OneStream’s tailored solution has allowed each business unit the ability to take control of their own consolidation, reporting, analysis
All Solutions Live in One Product and One Application
There is no substitute for the value of having one application that can share and extend dimensions to deliver multiple solutions without the technical complexity of having to install, implement, maintain, learn and upgrade multiple products, applications or modules.
Cleaver-Brooks manufactures multiple distinctive product types that each require unique accounting, budgeting, and reporting needs. Their financial close process for reporting, budgeting and analysis was painstakingly slow and needed improvement. Additionally, they needed a solution that was owned and managed by the office of finance.
The Business Problem
Cleaver-Brooks was looking for a CPM solution that could streamline their financial processes as well as automate their cash flow and balance sheet budget. It was imperative that it was owned by the office of Finance but allow each business unit to work autonomously using a standard set of reports.
About OneStream Software
OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.
OneStream’s Intelligent Finance platform can easily be extended with over 50 solutions from the OneStream MarketPlace™. These downloadable solutions are fully battle-tested and optimized for the OneStream platform. They allow customers to easily extend the value of their investment to meet the changing needs of finance and operations.
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