Lakewood, 80401, CO,
United States
Black Diamond Advisory
Black Diamond Advisory, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Black Diamond Advisory collaboration with software players such as OneStream Software LLC empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Reseller and SI | Vendor | Application | Category | Market |
|---|---|---|---|---|
| Black Diamond Advisory | OneStream Software LLC | OneStream XF | EPM | EPM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
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INW Manufacturing | Manufacturing | 1000 | $95M | United States | OneStream Software LLC | OneStream XF | EPM | 2018 |
In 2018, INW Manufacturing implemented OneStream XF to centralize consolidation, planning and reporting across a growing portfolio of manufacturing sites and business units. The deployment targeted the companywide finance function and was positioned as an EPM solution to address complex intercompany activity, multiple ERP landscapes and the need for standardized consolidated financials across entities acquired through both organic growth and transactions recommended by the PE sponsor.
The implementation configured OneStream XF with a bespoke Capital Expense model built by the system administrator, and a forecasting and budgeting application that combines detailed actuals and high level budgets. INW established two years of actuals for all entities in the system, a working budget framework that supports three months actual plus nine months forecast, and a staff planning module developed by Black Diamond Advisory to plan headcount at the GL account level. The team also leveraged the OneStream MarketPlace Excel Analysis End User Training solution to provide in-system training and is evaluating MarketPlace downloads for Task Manager and Account Reconciliations.
Operational integration initially relied on OneStream forms and flat file loads from disparate ERPs, reflecting the realities of different networks and firewalls across facilities and a high volume of intercompany inventory movements. INW is planning to deploy Direct Connect to source systems and is building a centralized data warehouse to sync ERP data, with the objective of enabling Day 1 reporting for future acquisitions. The environment has undergone at least two OneStream version updates, most recently to OneStream 5.3 with an observed one hour upgrade window.
Governance and rollout covered consolidated finance reporting across multiple manufacturing facilities, a supply chain division and a packaging company, unifying balance sheet, cash flow and CapEx reporting by division. The implementation moved budgeting from distributed Excel files into a single OneStream XF workspace so each entity submits standardized budget packets that feed consolidated reports used by the CEO and executive team. Black Diamond Advisory acted as the implementation partner and delivered functional modules including the staff planning capability.
Explicit outcomes reported by INW include a reduction in month end close from eight to ten days under the Excel process to seven days in the first month on OneStream XF and under five days by the third close. Budget consolidation time improved from two weeks to two hours as all entities enter budgets into one system, and users reported more consistent, drillable financial and operational reporting across entities.
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John B. Sanfilippo & Son | Consumer Packaged Goods | 1400 | $1.0B | United States | OneStream Software LLC | OneStream XF | EPM | 2019 |
In 2019, John B. Sanfilippo & Son implemented OneStream XF as their EPM platform. The project was delivered to consolidate sales and finance reporting into a single cloud platform, and the implementation was executed with OneStream Consulting Services alongside implementation partner Black Diamond Advisory.
The scope of the deployment included GL reporting, forecast and financial planning, balance sheet comparisons, income statement comparisons and a sales cube. OneStream XF was configured to accept direct user entry for sales forecasts, to perform allocations at the customer level, and to automate calculation engines that previously required extensive manual Excel manipulation, with Analytic Blend technology used to handle larger sales datasets.
Operational coverage spanned finance, demand planning and sales functions, with over 50 concurrent users and plant managers at four production sites entering costs and forecasts. The team migrated reporting and forecasting workloads out of SAP BPC into OneStream XF, deploying the platform in the cloud, bringing the financial footprint live in about three months and completing the sales cube in six months.
Governance and process changes centralized control of a single master template in OneStream XF rather than maintaining 30 separate Excel templates, and enabled an audit trail to track who changed values and why. The rollout included two platform upgrades performed smoothly, and reported benefits included automation freeing up central finance resources and a reduction in the forecasting cycle from two weeks to two days. John B. Sanfilippo & Son continues to evaluate extending OneStream XF with add on capabilities such as demand planning, machine learning and transaction matching via the OneStream MarketPlace.
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