Technology Distributor to replace existing systems with OneStream’s Unified Finance Platform
ROCHESTER, Mich.--(BUSINESS WIRE)--Ingram Micro, the world's largest technology distributor and a leading provider of innovative technology logistics services and solutions, has made the decision to implement OneStream Software’s modern, unified corporate performance management (CPM) platform. With OneStream, Ingram Micro will simplify and gain valuable insight into core processes across its enterprise.
“OneStream will strategically bring together our financial consolidation, reporting and planning processes, with the ability to add additional solutions, like capital planning and account reconciliations, under the same platform and license,” said Fachtna Keohane, SVP of Finance for Ingram Micro.
By migrating its legacy applications to OneStream’s unified platform, Ingram Micro looks to accelerate its financial close and reporting cycle while also maturing budgeting and forecasting across the organization. OneStream also provides a unique ability for Ingram Micro to expand its current allocation and profitability solution, which is currently comprised of an assortment of different technologies spanning the company’s 200,000+ customers and 2,000+ vendors.
“We are thrilled for Ingram Micro to have chosen OneStream and have faith in our leadership and market direction,” said Mark Reed, VP of Sales – Western US, OneStream Software. “OneStream’s platform capabilities proved to the Ingram Micro executive team that issues with their current web of applications could easily be solved in OneStream, while also discovering new possibilities through the OneStream XF MarketPlace. This partnership will be monumental in OneStream’s mission of delivering 100 percent customer success to similar sophisticated organizations struggling with fragmented finance applications.”
OneStream Services will deliver the project which includes 1,100 users on the OneStream XF Cloud using Microsoft Azure. The scope for Phase 1 is to build an extensible application that allows Ingram to attack consolidations, reporting, planning, account reconciliations, capital planning, and people planning within a 7-month implementation window. Phase 2 will be to use OneStream for product profitability analysis.
About Ingram Micro
Ingram Micro helps businesses realize the promise of technology. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. Discover how Ingram Micro can help you realize the promise of technology. More at www.ingrammicro.com.
About OneStream Software
OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.
The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2020 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America. Learn more at www.onestreamsoftware.com.