EIS is a leading North American distributor of process materials, production supplies, specialty wire and cable and value-added fabricated parts for the electrical OEM, motor repair and electronic assembly markets.
Black Diamond implemented a solution that allows EIS to build a budget, long-range plan, and track monthly rolling forecast.
The use of OneStream offered increases visibility of price/mix/volume impact on YoY numbers combined with the modeling capability and creates views for Year over Year price/mix/ volume attribution.
EIS experienced large gains in the ability to produce financial statements at differing levels of granularity while extending their analysis and reporting capability for near real-time results.
The balance sheet modeling methodology implemented by Black Diamond provides DSO/DIO/DPO inputs to drive working capital, debt schedule planning, prepaid/accruals driven by % of sales, and roll forward level of detail for fixed assets.
Labor planning by person model is directly connected to ADP for employee/workforce information and insight.
Implemented by asset class capital expenditure model that calculates depreciation based on class depreciable life.
Created an M&A event model with an adjustable event date and full IS/BS costs waterfalling from the event date.
OneStream Software allowed EIS the flexibility to bring new acquisitions into the fold easily, despite various source systems.
Black Diamond is the leading Digital Finance Transformation firm and OneStream Diamond Partner. We leverage the depth of experience and breadth of knowledge to define client needs. We are industry Experts who anticipate current and future challenges and share our experience and knowledge to address them. We seek to have joint development of the solutions we create and remain engaged with clients throughout the entire transformation journey to ensure the greatest value is derived.
Black Diamond Advisory is based in Golden, Colorado. Our Advisory and Consulting Experts are located throughout the United States and are deployed to each customer location to provide hands-on support through the duration of the implementation process. For more information, visit www.blackdiamondadvisory.com or on LinkedIn at https://www.linkedin.com/company/blackdiamondadvisory