Finance transformation at Ontic Engineering
Ontic is a globally trusted provider of aerospace products with a long-standing history in manufacturing pedigree parts for aircraft in the commercial, military, business aviation, and rotorcraft markets. They are an established OEM manufacturer and invest in OEM technologies. Ontic also provides maintenance, repair and operations services. Based in the UK, Ontic also operates in Singapore and across the US.
After being sold by its parent company, Ontic needed expert advice and technical assistance in migrating from SAP BPC and Blackline. With a tight fixed deadline, Ontic turned to the team at Concentric Solutions to help solve their dilemma while achieving their strategic goals and minimising interruption to existing customers, suppliers and OEMs.
Ontic required an optimised cloud solution for their management and statutory reporting, automation of their budgeting and planning, and better strategic planning capabilities. After a detailed evaluation was carried out by Concentric consultants, we suggested that OneStream offered the best-fit solution.
Key benefits:
- A single version of data truth for core financial reporting.
- Users can access all required reports through tailored interfaces.
- Extensive reporting suite available for quick and easy analysis.
The Results:
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