Video · December 18, 2025
How Menzies Aviation cut full-year consolidation from three hours to 20 minutes with OneStream
About this video
Menzies Aviation, a global ground handling and aviation services company, was running on an unsupported version of HFM that could no longer keep pace with a growing business. Close and consolidation, cash flow forecasting, budgeting, and IFRS 16 lease management were all handled across fragmented processes, with manual workarounds for minority interest, joint ventures, equity accounting, and constant currency calculations adding further complexity to every close cycle.
OneStream replaced that fragmented environment with a unified platform that runs full-year consolidations in 20 minutes rather than three hours, shaved a day off the close process, and brought lease management directly into the budget and forecast workflow for the first time. Manual equity accounting and constant currency calculations now run automatically within the consolidation, and accessing additional solutions requires nothing more than navigating within the same platform users already know.
Speakers
Reporting Systems Manager | Menzies Aviation
Key takeaways
- An unsupported HFM version thatcouldn't scale with a growing business made moving to OneStream essential. Menzies needed a platform being actively developed, continuously improved, and capable of handling increasing operational complexity across its global aviation services business.
- Full-year forced consolidation dropped from three hours in HFM to approximately 20 minutes in OneStream. Combined with shaving a day off the overall close process, that performance gain fundamentally changed what the Finance team can accomplish each period.
- IFRS 16 lease management is now embedded directly into the budget and forecast process for the first time. With thousands of leases maintained by users across the business, having a solution that is genuinely easy to use has made a previously daunting task a routine part of the planning cycle.
- Manual processes for minority interest, joint ventures, equity accounting, and constant currency now run automatically within the consolidation. Eliminating those manual workarounds removed significant risk and effort from every close cycle across Menzies Aviation's global operations.
- Accessingadditional OneStream solutions requires no system changes, no separate logins, and no workflow disruption. Everything lives within the same unified platform, making it seamless to expand capability as the business continues to grow and evolve.
Read Full Transcript
My name is Carolyn Hudson. I've been with Menzies for about eight years now as a reporting systems manager. We offer all kinds of services such as baggage handling, aircraft refueling, de-icing, passenger assistance, all of those kinds of things.
Before we used OneStream, we were using HFM, but we were on an old version. It was out of support. We needed something that was being developed, improved, grown and would be able to cope with our growing business as well.
We wanted something that our users would find easy to move to. OneStream ticked all of those boxes. With OneStream's unified platform, we're using it for close and consolidation. We're using it for IFRS 16. We use it for cash flow forecasting.
We have our budget and forecasting there. The benefits we received in terms of the close process was we pretty much have shaved a day off. We were looking at three hours for a full year forced consolidation before in HFM and that dropped down to about 20 minutes for a full year.
And then we went live with the lease solution in March 2023. So now the users have to maintain their own leases. For some of them, there are thousands of leases, so it could feel like a massive task. The lease solution is really easy to use.
We never had the leases baked into our budgets and forecasts because it was just a group finance function and they didn't really have the detail to be able to do that. So now it's just part of our normal budget and forecast process.
Before we had manual processes around minority interest, joint ventures and associates, equity accounting, that kind of thing. Our consolidation actually runs all that for us and does the constant currency.
for us as well. Because of OneStream's unified network, it's really easy to go and get additional solutions. There's no logging off and going off to a different system. You don't have to go anywhere else other than your main homepage or change your workflow.
It's just seamless, really.
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