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Larry H. Miller Group's Transition to OneStream for Financial Management
Technology Category
- Platform as a Service (PaaS) - Connectivity Platforms
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Industries
- Consumer Goods
- Finance & Insurance
Applicable Functions
- Business Operation
- Quality Assurance
Services
- Cloud Planning, Design & Implementation Services
- System Integration
The Challenge
The Larry H. Miller Group (LHM) was using Oracle Hyperion Financial Management (HFM) and Financial Data Quality Management (FDM) to manage their financial close, consolidation, and reporting process. With Oracle announcing the end of full support for the version they were running on, LHM faced a critical decision: upgrade their existing solutions or migrate to a new cloud-based solution. Key drivers for considering a cloud solution included the impending end of life for HFM, the ability to offload database administration and other IT tasks to a third party, and the declining quality of Oracle support.
About The Customer
The Larry H. Miller Group of Companies began on May 1, 1979, when Larry and Gail Miller purchased their first dealership—Larry H. Miller Toyota in Murray, Utah. From that humble start, the Larry H. Miller Group of Companies has grown to employ more than 11,000 individuals at businesses located across 46 states. The areas of focus fall into five primary areas: automotive, sports and entertainment, finance and insurance, real estate, and philanthropy. The company has a diverse portfolio and a significant presence in multiple industries, making it a substantial player in the market.
The Solution
After evaluating their options with Oracle, LHM started evaluating OneStream and became confident in the solution based on positive reference calls and by attending OneStream’s Splash user conference. Although the organization only needed a financial close, consolidation, and reporting solution, they chose OneStream based on 100 percent positive customer feedback, knowing that they could easily scale the solution to address other requirements if needed. The initial scope of the OneStream implementation for LHM was to replicate their HFM/FDM solution in OneStream. After evaluating several qualified implementation partners, LHM chose US-Analytics to implement their OneStream solution based on the value US-Analytics provided during the solution evaluation and selection process. The implementation team included the corporate controller from LHM and three finance staff, along with three consultants from US-Analytics. US-Analytics completed a “lift and shift” of LHM’s HFM application to OneStream. During the project, the US-Analytics team configured the LHM application with 94 entities, 33 alternative rollups, and four custom dimensions in OneStream. The team also built 10 new reports, recreating LHM’s analysis reports from HFM.
Operational Impact
Quantitative Benefit
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