Group TSG Group provides a wide array of solutions combining equipment sales, services and projects to the energy distribution networks aimed at fueling mobility across Europe and Africa. Headquartered in Paris, TSG Group operates in 30 countries through its six business segments. With 3,500 employees worldwide, TSG Group services over 40,000 gas stations that together process over 500 million transactions annually for fuel and shop sales. For more information, visit TSG-Solutions.com.
TSG Group is a worldwide mobility service provider, operating in 30 countries across all types of energy—from traditional fuels, natural gas, to electricity and hydrogen. TSG Group CFO, Long Nguyen, joined in 2004, when the group was known as Tokheim, one year after it was set up as a private equity funded company with its headquarters based in France.
The first task of Nguyen was to implement the Group consolidations, management reporting and analytics system, combining SAP Business Objects Financials Consolidation (BOFC) with Hyperion Essbase.
Over the years as the group continued to grow, collecting data from multiple GL/ERP systems for statutory and management reporting became increasingly difficult as Nguyen and his team were managing several finance systems. Feeding their Essbase management reporting cubes from SAP BOFC caused data latency—with delays over two hours—making it hard to keep data synchronized.
And whenever there was an issue with the system, TSG had to work through a third party for external service to support the application. This only added to their increasing lag times. TSG Group needed a single CPM environment for both external and management reporting, and single provider to support the system.
Many components of TSG’s existing CPM system were reaching the end of their life cycles—and there was no future roadmap in sight. And with no plan to standardize on SAP for their ERP strategy, Nguyen had no interest in upgrading to SAP Group Reporting on S/4 HANA.
It wasn’t until Nguyen was introduced to OneStream Software that his vision of an attractive new CPM solution was brought to life. The modern OneStream XF platform met his need for a unified environment for consolidation, statutory reporting, management reporting and analysis. The company selected OneStream for its extensible approach—bringing their finance applications together onto a single platform—and for its proven record of customer success.
Working with OneStream Partner, Inplenion, TSG set up a full-managed service with the XF platform. The system was configured to his needs, yet had the agility to easily scale as needs changed. And throughout the implementation process, Nguyen had full confidence in both the OneStream and Inplenion teams.
Working with Inplenion, TSG migrated all financial consolidation, statutory reporting and management reporting to the OneStream platform in the first phase of the project. TSG Group is now live, and Nguyen is happy that the transition was a success. "The Extensible Dimensionality® of OneStream allows us to support corporate standards while also providing relevance to operating units," said Nguyen. "Another advantage of OneStream is that the financial controllers at each subsidiary can model their budget at the level of detail required for their subsidiary."
Thanks to OneStream Software, TSG Group is now streamlining its finance operations. By replacing multiple legacy finance systems with a single, unified OneStream XF platform, the company is already seeing time-saving advantages
TSG Group is thrilled to have digitally transformed their finance operations with OneStream Software. The company is considering rolling out budgeting and planning, with flexible modeling capabilities aimed at giving each line of business more control of their budgeting process.
Similar to their management reporting process, TSG looks to streamline budgeting where modeling of the budget is performed by each subsidiary—collected the same way as actuals—and effortlessly consolidated into OneStream.
Inplenion is an international management consulting company engaged in projects worldwide. Present in different locations, Inplenion is established in Switzerland (Headquarters), Germany, Sweden, Austria, Greece, Egypt, UAE, KSA, South Africa, India, the United Kingdom, and the United States. Inplenion provides advisory services and solutions for private and public organizations. Their services include CFO advisory, corporate strategy and enterprise risk management, enterprise resource planning, enterprise performance management, and business analytics. International expertise from Inplenion’s teams ensures their clients receive best-in-class consulting, transformation and implementation services. Inplenion supports their clients end to end in project delivery from business concept to solution architecture, throughout implementation cycles, user adoption and post-project support. For more information, visit Inplenion.com.
OneStream Software provides a marketleading CPM 2.0 solution, the OneStream XF SmartCPM™ platform. OneStream XF unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications, and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.
The OneStream XF MarketPlace features more than 50 downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. We are driven by our mission statement that every customer must be a reference and success.
For more information, please visit OneStream Software https://www.onestreamsoftware.com or on Twitter @OneStream_Soft.