Larry H. Miller Group of Companies Streamlines Financial Close, Consolidation and Reporting with OneStream Software
Migrates legacy Oracle systems to single OneStream XF Cloud platform
October 17, 2019 06:11 AM Eastern Daylight Time
ROCHESTER, Mich. & SALT LAKE CITY–(BUSINESS WIRE)–The Larry H. Miller Group of Companies (LHM) has replaced multiple legacy finance systems with a single Cloud platform from OneStream Software. OneStream XF Cloud has accelerated the close cycle for LHM while removing bottlenecks previously faced during financial consolidation and reporting.
A privately-owned business with automotive, sports, entertainment, finance, insurance and real estate operations across 46 states, LHM was using Oracle Hyperion Financial Management (HFM) and Oracle Financial Data Quality Management (FDM) for the financial close, consolidation and reporting process. Facing an expensive upgrade of its legacy applications, LHM explored more flexible cloud solutions when Oracle ended full support for the version LHM was running. The company selected OneStream based on its strong customer support and references, as well as its ability to scale and meet future business needs.
“OneStream is easy to use, our consolidation process is faster and the customer support is outstanding,” said Shelly Allred, corporate controller for Larry H. Miller Dealerships. “There are many areas I can see that are going to be faster for us. I think OneStream was the right choice over continuing with our Hyperion solution.”
US Analytics was the implementation partner, configuring the LHM finance solution for 94 entities with 33 alternative rollups and four custom dimensions in OneStream. The deployment was ahead of schedule and under budget, leading to rapid time-to-value business benefits.
OneStream XF Cloud has delivered noticeable speed improvements, especially in adding new accounts as well as in ‘refreshing’ the system after entering data. Allred noted that OneStream provides a ‘clean’ and user-friendly solution for LHM. The ability to extend the solution for budgeting and planning in the future was a determining factor in selecting OneStream.
About Larry H. Miller Group of Companies
Headquartered in Sandy, Utah, the Larry H. Miller Group of Companies is a privately-owned family business with more than 10,000 employees at businesses located across the western United States. The LHM Group’s focus falls within six primary categories: automotive, sports, entertainment, finance, insurance, and real estate. For more information about the LHM Group, visit www.lhm.com.
About OneStream SoftwareOneStream Software provides a modern Corporate Performance Management solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed in the cloud or on-premise, OneStream XF is one of the first and only solutions that delivers corporate standards and controls, with the flexibility for business units to report and plan at additional levels of detail without impacting corporate standards – all through a single application.
The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2019 Inc. 5000 as one of the top 700 fastest-growing companies in North America.
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