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TSG Group Transforms Financial Operations with OneStream Software
Technology Category
- Analytics & Modeling - Predictive Analytics
- Application Infrastructure & Middleware - Data Exchange & Integration
- Platform as a Service (PaaS) - Data Management Platforms
Applicable Functions
- Business Operation
Services
- Software Design & Engineering Services
- System Integration
- Training
The Challenge
TSG Group faced significant challenges in managing multiple finance systems across 30 countries. The existing systems, including SAP Business Objects Financials Consolidation (BOFC) and Hyperion Essbase, caused data latency and synchronization issues, with delays over two hours. Additionally, the need to work through a third party for external service support added to the lag times. The group required a single CPM environment for both external and management reporting, and a single provider to support the system.
About The Customer
TSG Group is a leading provider of solutions for energy distribution networks, combining equipment sales, services, and projects aimed at fueling mobility across Europe and Africa. Headquartered in Paris, TSG Group operates in 30 countries through six business segments. With a workforce of 3,500 employees worldwide, the company services over 40,000 gas stations, processing over 500 million transactions annually for fuel and shop sales. TSG Group's extensive reach and diverse energy solutions make it a significant player in the energy distribution sector.
The Solution
TSG Group selected OneStream Software to address their challenges. The modern OneStream platform provided a unified environment for consolidation, statutory reporting, management reporting, and analysis. Working with OneStream Partner, Inplenion, TSG set up a full-managed service with the platform. The system was configured to meet their needs and had the agility to scale as requirements changed. The implementation process was smooth, and TSG migrated all financial consolidation, statutory reporting, and management reporting to the OneStream platform in the first phase of the project. The transition was successful, and the company is now live on the new system.
Operational Impact
Quantitative Benefit
