Case Study: Orchid Orthopedic achieves faster month-end close and automated people planning with OneStream Software

Orchid Orthopedic - Customer Case Study

Orchid Orthopedic Solutions is a global leader in orthopedic medical device design and manufacturing with about 2,000 employees and over $350M in annual revenue. The finance team struggled with an aging, unsupported Infor CPM and Excel-based planning—consolidations took nearly two hours, month-end close and budget processes were delayed, forecasting lacked driver-based detail and scalability, and ad-hoc analysis was manual and inefficient.

Orchid selected OneStream and deployed a cloud solution (financial consolidation & reporting, budgeting & forecasting, Task Manager and People Planning) integrated with their GL and Workday payroll data. They built 50+ drivers and automated cashflow, intercompany eliminations and statutory reporting, gaining faster ad-hoc analysis via the Excel add-in, better labor forecasting, and greater resilience. Results include a 20% faster close (5 to 4 days) and a 2–3 day reduction in month-end preparation, freeing the team to spend more time on analysis versus data consolidation.

Orchid Orthopedic

Megan Jones

Manager, Financial Planning & Analysis