The Larry H. Miller Group (LHM) of companies may not be a household name, but this fast-growing organization that started with one car dealership in Murray, Utah has grown into an 11,000-employee business spanning 46 states. It’s businesses now include more than 60 automotive dealerships; sports and entertainment (including the Utah Jazz); finance and insurance; real estate; and philanthropy.
Shedding Their Legacy Systems
Larry H. Miller Group (LHM) was using Oracle Hyperion Financial Management (HFM) as well as Hyperion Financial Data Quality Management (FDM) to manage their financial close, consolidation and reporting process. After Oracle announced the end of full support for the version they were running on, LHM decided they needed to either upgrade their existing solutions or migrate to a new solution in the cloud.
After evaluating their options with Oracle, LHM started evaluating OneStream’s unified SmartCPMTM platform and became confident in the solution based on several positive reference calls and by attending OneStream’s Splash user conference. Though the organization initially needed a financial close, consolidation and reporting solution – they saw the potential to extend their investment into other areas with OneStream. They then chose the solution based on the breadth of the platform’s capabilities, combined with receiving 100 percent positive customer feedback on reference calls.
Moving Financial Close and Reporting to the Cloud
Having decided to deploy OneStream in the XF Cloud, the scope of the initial OneStream implementation for LHM was to replicate their HFM/FDM solution for financial close, consolidation, and reporting in OneStream. After evaluating several qualified implementation partners, LHM chose US Analytics to implement their OneStream solution based on the value US Analytics provided during the solution evaluation and selection process.
“US-Analytics was amazing at building our solution. They worked with our team to transfer the knowledge that was needed. If anything came up, they were on top of it. It was amazing,” said Shelly Allred, corporate controller at LHM. “Because US-Analytics was ahead of schedule and under budget, they stayed on for support, assisting with things like automating data loads and additional configuration.”
The implementation of OneStream at LHM progressed quickly. After kicking off the project in July 2018, LHM ran three parallel closes from November 2018 through January 2019, and went live with OneStream in February of 2019. The LHM team has realized many benefits from their OneStream deployment.
“In general, the team at LHM has found OneStream very easy to use, our consolidation process is faster, and the customer support is amazing,” said Ms. Allred. OneStream has enabled LHM to work faster and avoid bottlenecks.
OneStream has provided LHM with a “clean” and user-friendly solution to complete their financial close, consolidation and reporting process with noticeable speed improvements in adding new accounts as well as ‘refreshing’ the system after entering data.
To learn more about LHM’s journey from Oracle Hyperion to the OneStream XF Cloud, check out the full case study on our web site. And visit our Oracle Hyperion conversion page to learn more about the benefits of modernizing finance with OneStream and leaving your legacy behind.