Budget Reporting Software for Wesco Aircraft | OneStream Software
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Wesco Aircraft

About Wesco Aircraft

Wesco Aircraft is one of the world’s largest distributors and providers of comprehensive supply chain management services to the global aerospace industry. The company’s services range from traditional distribution to the management of supplier relationships, quality assurance, kitting, just-in-time delivery and point-of-use inventory management. The company believes it offers one of the world’s broadest portfolios of aerospace products, including chemical, electrical and C-class hardware and comprised of more than 570,000 active SKUs. To learn more about Wesco Aircraft, visit: www.wescoair.com.

The Challenge

Wesco requirements revolved around complete replacement of an Excel® based consolidation and reporting process for actual, plan and forecast. There was also a requirement for additional collections to help manage the business as well as complex currency conversion and reporting to help mitigate FX risk and exposure.

The OneStream™ Solution

OneStream gives Wesco the ability to collect and report budget data centrally, perform FX analysis and provide robust management reporting that was previously unavailable. Wesco was able to streamline their global budget gathering process directly into OneStream and replace their Excel® based consolidation and reporting. They were also able to enhance their management reporting through profit center, business line, region and market based reporting.

Financial Consolidation and Reporting Results

“By using SAP profit centers as the basis and driver of Wesco business-line, customer, industry and market reporting, Wesco eliminated weeks of manual effort. Our reports are faster and easier to produce and deliver more detail that our previous Excel® and SAP reports.” says Carrie Nichol, Corporate Controller. “Users enjoy intuitive workspaces and guided user workflows in a centralized, workflow based budget process. OneStream delivers better processes, improved reporting, more flexibility and improved controls.”

Sales and Operational Reporting

By replacing their legacy CPM solution Wesco is now able to easily navigate through different workflows and solutions in a controlled environment with an easy to use interface. OneStream meets and exceeds all advanced reporting requirements in a single and agile solution that is easy to use, own and maintain.

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.

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.

For more information, please visit OneStream Software https://www.onestreamsoftware.com or on Twitter @OneStream_Soft.

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