Why global enterprises are moving beyond HFM: lessons from Marelli, Melrose, and Nutreco

Today, FP&A leaders are expected to connect actuals, forecasts, and operational drivers in one place. They need fast scenario modeling, real-time visibility, and a single version of the truth that everyone trusts. Incremental upgrades around HFM can extend life, but they do not change the operating model.

That is why more global enterprises are moving to unified platforms like OneStream.

In a recent OneStream customer panel, three organizations shared what that shift looks like in practice: Marelli, Melrose, and Nutreco. Together, they highlight how a unified platform can transform financial consolidation, planning, and reporting at scale.

From consolidation to connected planning

HFM helped many organizations standardize consolidation. The challenge is that planning, forecasting, tax, ESG, and supply chain reporting often live elsewhere.

That creates familiar problems:

• Multiple applications for close, planning, and reporting

• Heavy reliance on Excel to fill process gaps

• Limited drill-down into customers, products, plants, or regions

• Difficulty adapting models when the business changes

OneStream was designed to address those constraints. It brings financial close, planning, reporting, and analytics into a single, extensible platform. The three customer stories below show how that works in different industries and operating models.

Marelli: one financial model for a global automotive enterprise

Marelli is a global independent automotive supplier with around 50,000 employees, 170 facilities, and more than €10 billion in annual revenue. The company needed to integrate financial consolidation, reporting, and planning into a single view of performance.

Rather than continue with separate processes and tools, Marelli selected OneStream Software to serve as its central CPM platform. The goal was simple to state and difficult to achieve with legacy tools: one governed model that supports both corporate control and local flexibility.

With OneStream, Marelli can:

• Consolidate results from multiple regions in a single platform

• Align financial and operational data for analysis at different levels of detail

• Shorten the close process while improving efficiency and control

Leadership emphasized that this is not just a technology change. It is a transformation in how finance and operations align decisions to the same numbers.

Melrose: replacing a patchwork of Hyperion tools

Melrose acquires and improves manufacturing businesses, often operating under tight timelines for integration and divestiture. Historically, the group relied on a mix of Hyperion Enterprise, HFM, and FDM for statutory and management reporting, along with weekly treasury cash flow forecasting.

This patchwork met basic needs, but it created several issues:

• Multiple products to maintain, integrate, and upgrade

• Limited visibility into changes across systems

• Gaps in weekly cash flow forecasting and reporting

By moving to OneStream, Melrose replaced that mix with one unified platform. Finance now uses a single solution for statutory reporting, management reporting, and weekly cash forecasting.

The impact includes:

• Stronger audit controls and transparency into data and metadata changes

• Faster and easier close processes, pushed closer to the businesses

• A rational system that can adapt quickly as entities are acquired or sold

For a company whose strategy depends on agility, having one CPM platform rather than multiple Hyperion applications is a structural advantage.

Nutreco: one platform for 28 connected processes

Nutreco is a Dutch animal nutrition and fish feed producer with about 11,000 employees, nearly 100 production facilities, and a broad global footprint. As reporting demands grew, the company’s existing systems could not keep pace.

Finance teams faced:

• Manual, Excel-heavy processes across entities and functions

• Difficulty capturing all required management and supply chain KPIs

• Rising risk around tax reporting and compliance

Nutreco selected OneStream to unify a wide range of processes, including:

• Financial close and consolidation

• Forecast reporting and capex planning

• Sustainability and ESG reporting

• Tax and supply chain reporting

• Task management and account reconciliations

The results are tangible:

• Close process reduced from eight to five days

• More than fifty percent reduction in effort for capex reporting

• Fewer accounting errors and better sustainability data quality

• Improved alignment between financial metrics and operational KPIs

Most importantly, finance and operations now work from the same platform. Performance conversations draw on a shared set of numbers, not separate spreadsheets.

What “modern FP&A” looks like in practice

Across Marelli, Melrose, and Nutreco, several themes repeat:

• One platform, multiple solutions. Close, consolidation, planning, and reporting share the same governed model.

• Owned by finance, supported by IT. Finance configures and operates core processes without relying on a patchwork of tools.

• Extensible models. The platform adapts to acquisitions, new reporting requirements, and changing regulations.

• Deeper insight with less friction. Teams spend less time collecting and reconciling data, and more time analyzing drivers and scenarios.

This is the shift from HFM as a consolidation engine to OneStream as a connected finance platform.

How Nova Advisory helps HFM customers make the leap

At Nova Advisory, we work with finance leaders who recognize these stories in their own environments. Many are still on HFM. Others run multiple Oracle modules or legacy tools alongside Excel.

Our role is to help you:

• Assess your current Hyperion or legacy CPM landscape, including close, planning, and reporting processes

• Design a unified OneStream model that reflects your business structure, KPIs, and control requirements

• Deliver a phased implementation that reduces risk while expanding value over time

Whether you operate in manufacturing, automotive, food production, or another complex environment, the goal is the same: a single CPM platform that can support modern FP&A.

Watch the customer panel and plan your next step

If you want to see what this looks like directly from finance leaders, the OneStream customer panel featuring Marelli, Melrose, and Nutreco is a practical place to start.

Watch the panel: Making the Leap from Oracle HFM to OneStream

And if your organization is still managing planning and forecasting around HFM, now is the time to explore alternatives.

Schedule a meeting with Nova Advisory to discuss how a unified OneStream platform can support your own HFM replacement journey.

Learn more about OneStream Software and our experience as a trusted OneStream implementation partner helping global enterprises modernize finance.