Implementing OneStream for a Technology Company Preparing to Go Public
Challenge
Dynatrace, a global technology company specializing in software intelligence, was preparing to go public and needed to modernize its finance function. Specifically, the company wanted to establish a foundation for its consolidation and FP&A functions, enhance processes, and be able to forecast people costs across the organization in order to meet the upcoming rigor of being a public company.
The company successfully navigated the IPO process and is able to efficiently meet the demands of operating as a public company.
How we helped
We were engaged by the company to lead the implementation of the OneStream platform due to our system expertise and broader public company readiness experience. Our team determined the implementation process and developed a roadmap to achieve the requirements within the allotted timeline. We implemented OneStream for reporting, consolidation and analysis, automated statement of cash flows, and continued development of analysis tools. In addition, our team integrated the new OneStream instance with the existing ERP system. Throughout the life of the project, our team served as project manager and established a steering committee and clear approval process. Additionally, we enacted SOX compliance efforts, including establishing governance and using OneStream to engrain proper system controls and supported public company planning by developing SEC compliant reporting and metrics.
Results
The company successfully navigated the IPO process and is able to efficiently meet the demands of operating as a public company. With rapid access to accurate data, the management team is now able to make fully informed, timely decisions. In addition, the company is benefitting from a significant reduction in consolidation/forecast processing time and the ability to model various forecast versions through a robust reporting and analytic environment. By housing the full consolidation and FP&A processes in one place, the company has access to more detailed analytical information, streamlined data integration and workflow management, which also provides increased transparency and engagement with key business partners.