For more than a century, OSI Group has built a reputation as one of the world’s leading food manufacturers, serving major retail and foodservice brands across 17 countries.
But managing financial consolidation and reporting across 75 global entities using multiple ERP systems presented major challenges.
Each month, data was exported from more than 15 ERP environments and loaded into Oracle Hyperion Financial Management (HFM) through flat files and manual workarounds. The process was slow, Excel-reliant, and offered limited visibility into the details that mattered most.
To move forward, OSI needed more than an upgrade, it needed a unified platform.
Using HFM, OSI’s global accounting teams spent days consolidating data and reconciling accounts.
Data was loaded manually through Hyperion FDM, requiring additional licenses, maintenance, and security layers.
Local entities had little ownership of their numbers, since they couldn’t easily access or analyze data.
Management couldn’t drill down to see profitability by customer, product, or region.
It was clear that sustaining this structure wasn’t scalable, especially as OSI continued to grow internationally.
When it came time to modernize, OSI evaluated several options: Oracle’s Financial Close and Consolidation Cloud Service (FCCS), Adaptive Planning, Tagetik, and OneStream Software.
The deciding factor was extensibility and usability.
OneStream’s unified architecture offered a single platform for close, consolidation, and reporting without the need for multiple tools or integrations.
“We really liked the ease of use of OneStream and having everything encompassed into one product,” said OSI’s Director of Corporate Accounting. “With all of these different ERPs globally, the level of data differs, so the extensibility factor was a huge decision maker for us.”
OSI selected Nova Advisory (formerly Nova CPM) as its implementation partner.
Our team worked side-by-side with OSI’s finance and IT leaders to design a model that would deliver efficiency, visibility, and control across all regions.
Before go-live, we ran a conference room pilot, giving users four months to explore functionality, validate data, and refine workflows. This approach built confidence and accelerated adoption.
Since migrating from HFM to OneStream, OSI has realized measurable performance improvements:
2.5 days faster reporting cycles across global entities.
One day saved in data-loading time per period.
Unified visibility into customer- and product-level profitability.
Cloud access for every location, eliminating on-premise constraints.
Improved collaboration and accountability across local teams.
Integrated lease accounting for 500 leases across North America, EMEA, and APAC.
Today, OSI’s global teams speak the same financial language.
Executives and local managers work from the same data set, in real time, with full drill-through capability, something that wasn’t possible in HFM.
“The ability for me to drill in and get answers on my own is something that I couldn’t do before,” the Director shared. “It’s been a huge game changer.”
Beyond consolidation and close, OSI now uses OneStream for budgeting, forecasting, and lease accounting, with plans to add transaction matching and task management through the OneStream MarketPlace.
With a single extensible platform, the company can easily expand capabilities as its needs evolve, without new systems, licenses, or integrations.
At Nova Advisory, we help global organizations modernize finance operations with a proven OneStream implementation methodology.
Our approach combines deep financial expertise with practical project delivery to ensure lasting results:
Assess current Hyperion or legacy CPM environments.
Design unified models that simplify close and planning.
Deploy scalable solutions with strong governance and user adoption.
The result: faster cycles, stronger insights, and confident decision-making, all within a single, unified platform.
The next move
If your organization is still running HFM, now is the time to look ahead.
Schedule a meeting with Nova Advisory to explore a roadmap from HFM to OneStream.