Santa Monica, CA, 90404,
United States
Cornerstone OnDemand
Cornerstone OnDemand, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Cornerstone OnDemand collaboration with software players such as IBM empowers organizations to embrace disruptive technologies and accelerate their journey to the cloud, thus reshaping their business models.
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight |
|---|---|---|---|---|---|---|---|---|---|---|
|
|
Frasers Property Australia | Construction and Real Estate | 800 | $100M | Australia | IBM | IBM Planning Analytics Financial Consolidation | Financial Consolidation and Close | 2018 |
In 2018, Frasers Property Australia implemented IBM Planning Analytics Financial Consolidation to support its Financial Consolidation and Close activities, and to bring complex development modeling onto a governed platform. The project explicitly moved complex feasibility modeling for commercial and industrial developments from spreadsheets into IBM Planning Analytics, aligning financial consolidation and scenario planning on a single application.
The deployment emphasized core financial consolidation capabilities and scenario modeling within IBM Planning Analytics Financial Consolidation, including configuration of consolidation rules, close orchestration and model-driven feasibility workflows. Implementation included structured model configuration for multi-entity rollups and the use of Planning Analytics for iterative what if and sensitivity analysis tied to development feasibility assumptions.
Operational coverage extended across the finance organization and development planning teams responsible for commercial and industrial portfolios, with the platform used to coordinate period close activities and to centralize feasibility analysis for project appraisal. The scope focused on supporting finance and project-level decision workflows rather than enterprise-wide ERP functions.
Implementation partner Cornerstone OnDemand supported the rollout and helped establish user roles, consolidation workflows and data governance for model management and period close. Governance actions centered on formalizing model change controls and user access around IBM Planning Analytics Financial Consolidation to reduce spreadsheet-driven processes and to standardize consolidation and feasibility workflows.
|
|
|
Frasers Property Australia | Construction and Real Estate | 800 | $100M | Australia | IBM | IBM Planning Analytics | EPM | 2018 |
|
|
|
RAC Insurance | Insurance | 5000 | $1.5B | Australia | IBM | IBM Planning Analytics Financial Consolidation | Financial Consolidation and Close | 2018 |
In 2018, RAC Insurance implemented IBM Planning Analytics Financial Consolidation as its Financial Consolidation and Close platform. The program was executed as a big bang implementation that brought 14 different Planning Analytics modules online in a single project, it was RAC Insurances first major cloud project and one of the earliest cloud deployments of the software in Australia, and the original eight month timeline was compressed to six months due to external factors.
IBM Planning Analytics Financial Consolidation was configured to support core consolidation workflows typical of the Financial Consolidation and Close category, including balance sheet and profit and loss consolidation, automated intercompany eliminations, currency translation and consolidated statutory and management reporting. The deployment leveraged Planning Analytics modelling and process orchestration capabilities to centralize period close tasks, automate consolidation runs and package consolidated reports for finance stakeholders.
Integration work focused on extracting trial balance and subledger detail into the cloud tenant, standardizing chart of accounts mappings and loading entity level data for group consolidation. Operational coverage centered on group finance and FP&A across RAC Insurance in Australia, creating a single consolidated dataset to support month end and statutory close processes.
Cornerstone OnDemand served as the implementation partner and the program ran under a centralized governance model with a steering committee, sprint based delivery cycles and concentrated testing windows. Governance prioritized parallel validation and cutover rehearsals to mitigate the risk introduced by the compressed six month schedule, aligning reconciliation, approval workflows and sign off across finance teams.
|
|
|
|
Insurance | 5000 | $1.5B | Australia | IBM | IBM Cognos Business Intelligence | Analytics and BI | 2013 |
|
|
|
|
Insurance | 5000 | $1.5B | Australia | IBM | IBM Planning Analytics | EPM | 2018 |
|
Buyer Intent: Companies Evaluating Cornerstone OnDemand Services
| Logo | Company | Industry | Employees | Revenue | Country | Evaluated | ||
|---|---|---|---|---|---|---|---|---|
| No data found | ||||||||