OneStream has announced that Marelli, one of the world’s leading global independent suppliers to the automotive sector, will deploy its solutions. Marelli will integrate the OneStream Intelligent finance platform into its solution stack, which includes SAP solutions, including ERP and HCM. It will leverage OneStream to unify and automate its financial consolidation, reporting and planning across the organisation, enabling the group to bring together financial data from disparate business units worldwide.
Marelli has around 50,000 employees working out of 170 facilities and R&D centres across Asia, the Americas, Europe, and Africa. The company generated 1,380 Billion JPY (10.6 Billion EUR) in 2021. In 2019 the company was formed through the merger of Calsonic Kansei and Magneti Marelli. It provides automotive parts, including lighting, electronics, and powertrains, to the domestic, commercial and motorsport industries.
The company needed to transform its finance processes and searched for a CPM solution that would enable it to move towards a composable ERP. It selected OneStream as the company believes it will help simplify its complex processes and bring better decision-making and cost efficiencies to the business.
Mike Mills, Senior Vice President Global Team, Value Creation & Change, Marelli commented, “Partnering with OneStream will allow us to align our financial and operational strategy across the company, driving transformation across every level. Through this transformation, OneStream will help reduce the close process time, improve efficiency and reduce corporate financial costs.”
Enterprise Times: What does this mean
For OneStream, Marelli is another major multinational that has chosen to deploy a best-of-breed solution rather than implement one associated with its ERP system. While there is little information about the challenges, OneStream will face during the implementation, not whether a partner is involved in the delivery of the solution.
Johan Edlund, Senior Vice President of sales OneStream EMEA, commented, “We are excited to partner with Marelli on their transformation journey to align financial and operational processes and drive efficiencies throughout the organization.
“OneStream’s Extensible Dimensionality provides Marelli with the agility to support their different lines of business on a granular level, while serving as the single source of truth across the enterprise. Through OneStream, Marelli will lead at speed through better decision-making, data-backed insights and improved efficiencies throughout the organization.”
With its joint heritage of Italy and Japan, once deployed, this could be a very powerful use case for both regions.
