Enabling innovation at Renewi with a cloud CPM solution
Renewi PLC is a leading waste-to-product business collecting and recycling waste to energy and fuel, paper, metal, plastic, glass, woodchips compost and other products. Of the 14 million tons of waste handled per year, 89% is either recycled or used for energy recovery. The organisation operates in the Netherlands, Belgium, UK, France and Portugal and is headquartered in Milton Keynes UK.
With more than 7,000 employees, operating through five business units and formed from the result of a merger, Renewi was faced with the challenge of integrating two sets of reporting processes and two legacy CPM systems: Infor PM10 and Longview. With six main data sources, Renewi was spending too much time manually managing data. The company was in urgent need of a solid tool to streamline statutory and management reporting.
“Our CPM systems and processes were not fit for the future — both were dated, cumbersome and inefficient,” said John Wiericx, Reporting Manager for the Benelux region at Renewi. “Creating full consolidated group numbers was a very manual process, and we had limited support for budgets and forecasts and analysis.”
Renewi was in search of a state-of-the-art CPM solution to support the reporting needs of the entire organisation. After evaluating a number of other vendors, they chose OneStream, with Concentric as the implementation partner.
Key benefits:
- Single solution for group reporting.
- Faster, more detailed management and financial reporting.
- Streamlined monthly close process with guided workflows to improve control and auditability.
- Fewer data integration points across the systems landscape.
Results:
"The entire close cycle is visible, enabling the head office to step in and ensure bottlenecks that happened before no longer delay the close. The user feedback has been very positive. We now have a single truth on the state of the business." - John Wiericx, Reporting Manager, Benelux
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