By Nicholas Cox December 17, 2024
Imagine trying to make a food product without the proper production facilities and where all the ingredients are stored in different locations. It would be very difficult and take a considerable amount of time. This is the situation Nutreco’s finance team was facing with its financial processes before OneStream.
Nutreco N.V. is a global producer of animal nutrition, fish feed, and processed meat products. With a little more than 11,000 employees, Nutreco produces an annual sales value of around €9 billion per year providing advanced solutions that underpin the food supply for millions of consumers worldwide. Founded in 1994, Nutreco has about 100 production facilities in more than 32 countries and eight research centers. With over 100 years of experience, Nutreco upholds a culture rooted in quality, innovation, and sustainability.
Unfortunately, Nutreco’s aging Hyperion Financial Management (HFM) EPM solution was no longer able to support their complexity. The fragmented EPM solutions approach posed significant challenges, including inefficiencies in technology, declining user community support, and limitations in customization and detailed reporting.
As Nutreco's operations grew more complex, the need for a more unified and flexible EPM solution became critical to handle their extensive reporting requirements and ensure accurate financial management.
Nutreco’s long-standing dedication to innovation in their business operations shined through in their decision to select and implement OneStream.
Now Nutreco has a solution that fits 100% with the KPIs they are reporting on. Today, reporting is much more accurate, with higher quality and on-time. While they were reporting in five days previously, 20% of their business would overrun that with one, two, or even more days. But now with OneStream, they brought that overrun back to zero.
“Now when users are doing their financial reporting, they also have accountability for the performance KPIs, and it's all going in the same place. It all goes in the same reporting in the business review meetings. They all have, both finance and operations together to discuss performance.” – Tammy Yamana, Global Supply Chain Controller, Nutreco
Learn More
If you would like to read more about how Nutreco delivered 28 solutions with pristine data quality and trust, check out the full Nutreco case study on the OneStream website.
And if you’re ready to take the leap from spreadsheets or legacy EPM solutions and start your Finance Transformation with OneStream, request a demo today!
