Case Study: MEC Holding GmbH achieves faster month-end close and streamlined financial consolidation with OneStream Software

MEC Holding GmbH - Customer Case Study

MEC Global, a Germany‑based manufacturer of welding consumables, cutting systems and analytical instruments with ~2,900 employees across 36 countries and over €500M in revenue, faced a strained finance process: its aging Oracle Hyperion system was unstable, occasionally losing data, lacked the dimensionality needed for modern reporting, and forced long late‑night closes to meet shareholder reporting deadlines by the fifth business day after month‑end.

Working with AMCO Solutions, MEC replaced Hyperion with OneStream, migrating 13 years of actuals and deploying guided workflows, improved intercompany visibility, and an AMCO lease accounting solution to handle IFRS 16 for 800+ leases. The new platform went live within months, is accessible remotely, reduced manual data loading, and delivered faster, more reliable month‑end closes (saving about 1–2 days), streamlined consolidation and reporting, and better data quality and visibility.

MEC Holding GmbH

Steffi Witzgall-Joseph

Corporate Accountant