Lonrho Deploys OneStream XF Corporate Performance Management Solution
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Lonrho Deploys OneStream XF Corporate Performance Management Solution

By CIOReview | Tuesday, March 22, 2016

ROCHESTER, MI: Lonrho has recently allied with OneStream to deploy its XF Corporate Performance Management (CPM) solution. The company has installed OneStream XF at its intercompany enabling guided workflows, extensible dimensionality, interactive dashboards, currency translation, auditability, ease of use and complete transparency.

“OneStream welcomes Lonrho to its growing list of successful customers. With our unified platform, Lonrho now has the ability needed to effectively run their business while dramatically driving down their total cost of ownership,” stated Tom Shea, President, OneStream Software. He added that Lonrho has installed OneStream XF in place of legacy CPM system, as it was unable to meet basic operational requirements and was too costly to upgrade for them.

OneStream XF is a combined CPM platform which improves financial reporting, consolidation, forecasting and analysis in complex organizations. The platform can be deployed either on-premise or on cloud and also be expanded easily by downloading the additional pre-built and customizable solutions, templates, accelerators or workspaces from the company’s ‘OneStream Fish Market Solution Centre’ which is similar to an App Store.

Group Financial Controller of Lonrho, James Manuel said their company decided to employ OneStream XF platform because of its ability for extensive analysis using the ‘Retrieve’ functionality in Excel. He added that other features like the constant currency translation, a single reporting platform providing transparency across the organization and ‘on-the-fly’ intercompany matching as well as the platform’s guided workflows also influenced their decision. The platform empowers their users with a step-by-step approach simplifying the training process.  “OneStream XF provided us with more financial intelligence, full auditability and the overall accountability we needed at a total lower total cost of ownership,” concluded Manuel.