Kelvion, one of the leading manufacturers of heat exchangers, has selected corporate performance management (CPM) vendor OneStream Software to unify the company’s finance operations. Kelvion will replace Tagetik and Excel spreadsheets with the OneStream platform to streamline financial planning, consolidation and reporting.
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With 5,000 employees and 67 sales and production locations globally, Kelvion needed a unified CPM solution to consolidate core financial processes across the organization. The company’s goal was to increase flexibility and efficiency within finance in order to drive deeper insights and analysis into revenue and operating results by business segment. After a thorough evaluation process, OneStream’s proven customer success, expertise and trusted partnership emerged as deciding factors for the company’s decision. Kelvion has selected OneStream partner Inplenion to kick off the implementation.
“OneStream proved to be the best platform to unite our financial processes into a holistic platform for planning, reporting and consolidation,” said Marcus Mayer, Chief Financial Officer at Kelvion. “We are now able to break away from manual work and data entry concerns, allowing the team to spend more time analyzing the data and driving insights for critical decisions and changing business needs globally.”
“We are honored that Kelvion has chosen OneStream as a trusted partner to support their core financial processes,” said Karsten Gimmler, Director of Strategic Accounts DACH at OneStream. “OneStream’s platform capabilities proved to the Kelvion team that their data quality and management struggles could easily be resolved through OneStream’s unified platform, with the ability to scale through the OneStream MarketPlace. Now Kelvion can gain improved visibility into their business performance and feel confident in their data integrity so they can remain focused on providing innovative and customized solutions for their clients.”
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