Markham, L3R 5B4, ON,
Canada
Performance Analytics
Performance Analytics, a prominent reseller, system integrator, and consulting company, that plays a vital role in numerous system integration and digital transformation initiatives. Performance Analytics 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 |
|---|---|---|---|---|
| Performance Analytics | SAP | SAP Business Planning and Consolidation | EPM | EPM |
| Performance Analytics | OneStream Software LLC | OneStream XF | EPM | EPM |
| Logo | Customer | Industry | Empl. | Revenue | Country | Vendor | Product | Category | When | Insight | Insight Source |
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McCain Foods | Consumer Packaged Goods | 22000 | $11.6B | Canada | OneStream Software LLC | OneStream XF | EPM | 2018 | In 2018, McCain Foods implemented OneStream XF as an EPM platform in the cloud, completing the project within a seven month period to meet IFRS 16 implementation timing. The deployment centralized financial consolidation, financial reporting and management reporting into OneStream XF and added native lease accounting and guided reporting capabilities to support global finance operations. The OneStream XF implementation delivered a multi-function CPM architecture that performs currency translations using current and historical rates, runs financial and management consolidations, posts adjusting journals, automates intercompany eliminations and executes allocations within a single platform. The project extended the corporate chart of accounts down to the source general ledger level to capture granular detail across more than 130 legal entities and 40 currencies, and built guided workflow and guided reporting to restructure month-end close tasks and self-service reporting for controllers. The program leveraged Performance Analytics' SAP BPC conversion tool to reuse existing SAP BPC dimensions as initial design blocks, and used OneStream Direct Connect to SAP data in the data warehouse to support daily and on-demand batch loading. The majority of transactional feeds come from a single SAP instance representing 75 SAP entities, and the environment now processes approximately three million data records per month. For lease accounting, the implementation integrated Agium EPM's lease accounting solution into OneStream XF to manage over 5,000 leases, with OneStream producing leasing journal entries for month-end load. Governance and operational rollout focused on finance and accounting teams globally, with about 300 active users and increased direct engagement from controllers and administrators. The team executed one month of parallel close to validate OneStream XF outputs before go-live, and adopted OneStream guided workflow to assign tasks and provide visual progress oversight across month and quarter-end close activities. Explicit outcomes cited from the implementation include a reduction in regional data load windows from between one and six hours to approximately 20 minutes, and a compression of the corporate close cycle from Day 6 to Day 4. OneStream XF now serves as McCain Foods EPM platform supporting consolidation, reporting, lease accounting and managed data integrations. |
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Buyer Intent: Companies Evaluating Performance Analytics Services
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