Replacing legacy Hyperion for McBride

McBride plc is a leading producer and supplier of contract manufactured and private label (own brand) cleaning and personal care products to customers in the UK, Continental Europe and Asia Pacific. They supply more than 90% of the top grocery retailers and is Europe's biggest maker of retailer own brand household goods.

McBride utilised a legacy Hyperion solution for group consolidation and reporting. The deployment of Hyperion was limited to head office users, offering negligible benefit to the business. Concentric was retained to validate requirements, provide business case support and deliver a replacement solution.

The challenge

Over time, changes in personnel resulted in less in-house understanding of the existing Hyperion Enterprise system. The relevance of reporting models was poor, structures were out-dated, and users stopped referencing the system for financial results and analytics. This created a heavy dependence on spreadsheets that became critical to McBride’s group reporting process. 

As a part of a broader digital transformation programme, McBride needed systems that would help position the business for growth. Replacing their legacy solution and reducing the dependency on spreadsheets was key to optimising the group’s central reporting. The mandate for change was being driven by a pressure to make the finance organisation more efficient and enable it to better service demands for reliable management information.

The solution

Key benefits

• Improved close cycle efficiency.
• Reduced reporting & compliance risks.
• Consistent view of information at all levels in the organisation.

The results

The new reporting solution has shortened close cycle times, reduced reporting risk and provided a source of reliable information that stakeholders across the business now trust. 

Benefits include: 

• Transfer of data held in multiple spreadsheets into formalised reporting structures within a centralised, controlled application 
• Ownership of metadata structures within the Finance team, enabling ongoing maintenance of the reporting structures to align with the business 
• Consistent presentation of management reports, board packs and statutory disclosures ensuring a single view of the truth 
• Integration with source ERP extracts enabling better quality data and more efficient close cycle times 
• Scope to extend the group reporting model to cater for other management cycle processes 

"We have worked very closely with Concentric throughout our successful implementation of Hyperion. They helped shape our thoughts when evaluating options and preparing the business case, and offered expert advice and support throughout the implementation. Concentric demonstrated real flexibility and alignment with our team, which ultimately enabled us to deliver effectively on-time and to budget." - Group Financial Controller

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