Case Study: Lawrence & Hanson achieves faster financial reporting with OneStream Software

Driving Consolidation, Budgeting and Forecasting for Faster Reporting to Stakeholders

Lawrence & Hanson, Australia’s leading electrical wholesaler, needed to replace an unsupported on-premises financial reporting system that relied heavily on manual Excel work. The company wanted a modern platform to streamline consolidation, budgeting, forecasting, and reporting, while improving what-if analysis and reducing the time, effort, and risk tied to spreadsheet-based processes. OneStream Software was selected to help address these challenges.

OneStream Software implemented its unified, cloud-based platform to automate ERP and HR data loads, support multi-currency consolidation, enhance reporting and ad hoc analysis, and improve budgeting and forecasting with workflow and predictive capabilities. The results included a 67% time saving in budget and forecast preparation, 250 minutes saved through automated ERP data loads for close processes, near real-time financial visibility, and reduced IT and third-party support costs.

Lawrence & Hanson

Trevor Childs

Finance Business Partner