How Arcade Beauty went live with OneStream in 4 months without losing a step

My name is George Garcia. I'm the President of the U.S. and Global CFO for Arcade Beauty. Arcade Beauty is the worldwide leader in sampling for both cosmetics and fragrances. We're also a large full turnkey solutions provider in those industries.

We're a very global business with 12 production sites worldwide, headquartered in the U.S. and France. We also have operations in Brazil, Poland, and China. We did have Hyperion or HFM. However, the information wasn't put in a way where we could organize the data to understand the global results in a way that could be communicated to our board.

We spent a lot of time manually putting together information, very large board decks that didn't really tell the story behind the numbers, but board just sort of reported the numbers in table formats.

We got to a point where our system was actually dated and required an upgrade. It required us to take a look at, you know, do we upgrade the existing system? Or do we start looking at things that are out there that may be more unique or better than what we had today? I've been a global CFO for several private equity firms.

One of those was DNM, where we were under HFM, actually. And we were looking for a way to bring two companies together through an acquisition. It required us to take a look at what other solutions were out there.

That's when we first learned about OneStream. That goes about almost more than a decade ago. My experience with OneStream had a very positive experience. And part of the reason why I'll say OneStream was one of the front-liners going into this.

One of my concerns before we decided to select OneStream was when you migrate to a new system, there's a lot of challenges on educating the existing finance organization. They get very accustomed to what they have.

There is also a significant learning curve on implementation, different rules, and different systems. In the process, we learned that there was a new implementation process with OneStream called CPM Express.

And it was about a three to four month implementation process. When I say we went, live in three to four months, we were live, we were running in parallel, had reconciled the data and felt really good about it.

A lot of that process leveraged our existing format and systems and customized it so that it could fit into the OneStream formats. The system that we were using before was a bit inflexible, required the use of IT to make any effective change.

With OneStream, we're a lot more in control. And there are some basic things that we can make changes to without having to bring in consulting help to do that. So I think that's a lot of the things that we can make changes to, and there are some basic things that we can make changes to without having to bring in consulting help to do that. So I think that's a lot of the things that we can make changes to do that. I think that's a huge advantage.

We use OneStream for our full consolidation, both our legal entity financial reporting, but also our management financial reporting. We extract information from there to support all of our board and outside external reporting, whether it be our credit agencies, our audits, our investors.

The best compliment I can give to a system is we really didn't skip a beat. We haven't really lost a step and the team is now looking to do more.