Cases
Cable Connectivity Group
OneStream XF
Cable Connectivity Group, a European leader active in the production, distribution and assembly of specialty cables and cable connectivity solutions, has more ownership over data and reporting and more consistent, higher quality and better auditable data thanks to its new OneStream XF corporate performance management cloud platform implemented by Satriun.
Key challenges
- IFRS-based financial consolidation and reporting
- Actual data acquisition from 12 different data sources
- Budget and forecast data acquisition
- Financial statements, IFRS disclosure notes and non-financial performance indicators
- Focus on and automation of cash flow statement and short-term cash flow planning
Project highlights
- Monthly consolidation incl. equity pick-up & automatic equity consolidation incl. CTA
- Senior Facility Agreement (SFA) compliancy and SFA-specific cash flow statement
- Integrated data model for IFRS- and management reporting purposes
- Weekly cash planning, 13 weeks rolling forward
- Tax accounting including generation of tax journals to be posted in general ledgers
Key benefits
- More ownership over data and reporting
- More consistent, higher quality and better auditable data
- Reduced manual effort during the consolidation process
- Valuable insight into cash flows statements and equity consolidation
- One integrated data model and platform as a single source of truth