OneStream Software improves and simplifies financial consolidation, management reporting and analysis for Premium Sound Solutions

27th March 2016

OneStream Software has deployed its unified solution for financial consolidation, reporting, forecasting, analysis and data quality needs within Premium Sound Solutions 

 

 

 

Tom Shea, President of OneStream Software says “PSS, a former Philips Electronics company, required their own CPM solution. Their inherited data, system and processes needed to be adapted and streamlined to meet the current needs of the PSS management team. They were looking for a system that not only could be easily managed but also is user friendly and capable of replacing the old reporting process without too much impact for their end users and monthly close process. Additionally, PSS required insights in CTA calculations as well as support quick analysis of operating results. OneStream’s unified CPM solution gave PSS the ability to run extensive reporting, detailed analysis with structured dimensionality specifically designed to fit their needs.”

Premium Sound Solutions, a global provider of high-tech audio systems for the consumer and automotive industry, joins a growing list of organizations around the world that have implemented OneStream XF for its corporate performance management solution. PSS say they chose OneStream XF for its broad financial reporting and auditing capabilities, KPI analytics, headcount reporting integrations, forecasting, unification of processes and shorter close cycles.

“OneStream XF has provided us with a unified solution that was able to easily reconcile with our prior system without disruption to our monthly close process,” said Stijn Goeminne, Chief Financial Officer of Premium Sound Solutions. “We needed a solution that could automate intercompany eliminations using historic overrides, report in local currency, euro and US dollar, and also provide an audit trail for all changes to the system including data, metadata and rules. OneStream XF expanded our financial reporting model and gave us a more powerful management and ad hoc reporting system. In addition to providing a great solution, our smooth implementation can be attributed to extensive knowledge of the OneStream team along with their professionalism and high level of support throughout the entire process.”

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