During the last few years, Weir ESCO has been on a journey of digital transformation, adopting digital technologies designed to drive increased efficiency and greater agility throughout the business. Among the top priorities has been identifying and implementing a new corporate performance management (CPM) platform to unify key finance processes, standardise forecasting models and facilitate greater job satisfaction within the finance team.

“Whilst changing CPM platforms is a daunting task, we were able to move quickly because we had a clear vision for what we wanted,” said Dave Baumgartner, finance process leader for Weir ESCO. “After evaluating several vendor options, we ultimately selected OneStream, a market-leading software used across multiple industries, including manufacturing.”

Below, Dave and his finance team members have shared a few key learnings from their CPM vendor evaluation and selection process: