Reunert replaced an outdated, costly SAP BPC environment with OneStream’s unified CPM platform to modernize consolidation, reporting, and budgeting across 80+ entities and multiple ERPs.
With OneStream, intercompany eliminations now run monthly in a single day and group consolidation is completed by the seventh working day, significantly accelerating management reporting.
The off‑the‑shelf OneStream solution, implemented by partner Inplenion, improved data visibility, reduced manual effort, and increased finance agility across Reunert’s global operations.
Reunert manages a portfolio of businesses in the fields of Electrical Engineering, Information Communication Technologies (ICT) and Applied Electronics. The group was established in 1888 by Theodore Reunert and Otto Lenz and has contributed to the South African economy in numerous ways over the past 130 years. The group was listed on the JSE in 1948 and is included in the industrial goods and services (electronic and electrical equipment) sector of the JSE. The group primarily operates in South Africa with smaller operations in Australia, Lesotho, Mauritius, the USA, Zambia and Zimbabwe. Reunert’s offices are located in Woodmead, Johannesburg, South Africa. For more information, visit Reunert.co.za.
The Challenge
Reunert Limited has grown organically and through several acquisitions to a global enterprise with over 10Bn ZAR in revenue and +6,600 employees. Its various subsidiaries run their businesses on a variety of GL/ERP systems including SAP, Sage, Syspro, AccPac, and several AS/400-based systems. For financial consolidation, reporting, and budgeting, the organization was using an older version of SAP BPC that was never upgraded from 2008. SAP BPC was becoming costly to maintain and could not address changing business needs without a major upgrade/replacement. The finance team was heavily dependent on Excel® as a front-end to SAP BPC for financial and management reporting. The application had no sub-consolidation capabilities, and intercompany transactions took two weeks to reconcile at year end. The system required a lot of manual work to create half-year financials and segment reporting. The system also required a dedicated third-party admin resource to manage it—creating a risky situation. Upgrading SAP BPC would have been a long and expensive project, estimated at $4M USD, and up to three years to re-implement the solution for financial consolidation, reporting and budgeting. So, the Reunert team started looking at alternatives to SAP BPC.