Case Study: Terex Corporation slashes consolidation time and unifies reporting & planning with OneStream Software

Terex Corporation - Customer Case Study

Terex Corporation, a global manufacturer of lifting and material‑processing equipment with about $5B in revenue and 12,000 employees, was operating a fragmented finance landscape—Oracle HFM/FDM for consolidation, Prophix and Excel for planning—while facing a costly HFM/FDM upgrade and complex data migrations. This fragmentation produced manual, error‑prone budgeting, limited dimensionality for detailed planning, and lengthy monthly close cycles.

Partnering with CompIntelligence, Terex implemented OneStream in nine months using a hybrid chart of accounts to unify actuals, consolidation and planning. The single platform automated workflows, improved data quality (97% of entities now load from 28 ERPs), reduced reporting entities to ~140, cut rules from >15,000 to <1,000 and shortened consolidation from up to 20 hours to under 30 minutes—delivering significant cost savings and faster, more reliable financial close and planning.

Terex Corporation

Derek VanLandingham

Sr. Manager Corporate Financial Systems