Insights on OneStream, CPM & Finance Transformation | Nova Advisory Blog

Feel Like It's Groundhog Day Every Close? Let OneStream Automate It — Episode 34

Written by Nova Advisory | Thu, Oct 31, 2024

If your month-end close feels like Groundhog Day—repeating the same manual tasks month after month—it’s time to break the cycle. In this episode of CPM Customer Success, Andy Smetana explores how OneStream’s automation capabilities help finance teams close faster, reduce errors, and reclaim time lost to repetitive processes. This episode focuses on turning the close from a stressful routine into a streamlined, predictable operation.

Episode Summary

Andy walks through why month-end closes become so tedious and error-prone in traditional finance environments, especially when teams rely on spreadsheets, disconnected systems, and manual reconciliations. Using real-world examples, he shows how OneStream automates critical close activities such as trial balance collection, intercompany eliminations, and cash flow reporting. The episode highlights how automation not only accelerates the close but also improves data accuracy, visibility, and team morale—allowing finance professionals to focus on higher-value analysis instead of firefighting.

Listen now:

What You’ll Learn

  • Why month-end closes become repetitive and stressful

  • How automation transforms trial balance collection and eliminations

  • How OneStream reduces errors and increases close confidence

  • How finance teams can close faster without burning out

  • How automation frees time for higher-value finance work

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