By Rachel Burger October 8, 2024
“We only did budgeting once a year because that’s all we could tolerate.”
Nicole Cunningham, the Chief Financial Officer of JDC (Jack Doheny Company), recently sat down with us and explained how OneStream exponentially improved her company’s financial processes. JDC is an industrial equipment rental company. They rent out products such as sewer cleaners, pole and reel trailers, and street sweepers.
“We were very Excel-based,” she explains. “Think about that. Sixteen branches, all using Excel, to pull reporting every month.” Her team regularly ran out of time to analyze the data, which led to a breaking point. It was time for a robust FP&A solution — one that could plan down to the asset level.
“JDC has thousands of assets… [OneStream] guided us there,” Cunningham says, noting her surprise that that level of granularity was possible.
The impact? “Our rental revenue, it improved, top line, exponentially. Bottom line, through the roof. Going through like a 50% growth… in a capital-intensive business!”
Interested in learning more about how OneStream helped JDC unveil new insights? Check out their interview on YouTube!
