Ep. 005 - Forecasting the Future using OneStream for Financial Planning and Analysis (FP&A) with Nova Advisory Partner Greg Hertling

In this episode, Andy dives into financial planning and analysis (FP&A) with Nova Advisory Partner Greg Hertling, focusing on using OneStream for forecasting the future. Greg shares insights on FP&A's pivotal role, data integration, and process efficiency within OneStream, addressing real client challenges and enhancing forecasting accuracy.  Greg Hertling, Nova Advisory Partner, brings over 20 years of experience in Financial Planning and Analysis (FP&A). With expertise in OneStream, he excels in data integrations, workflow design, analytics, and planning modules. Greg is dedicated to delivering seamless FP&A solutions and ensuring client success.   Key Highlights: [00:01 - 09:04] Career Background and Introduction to OneStream Solutions Greg's career transition from industry (accounting and financial planning) to consulting. Experience in finance transformation and use of CPM tools. Transition to OneStream practice after being impressed at a conference. Overview of OneStream's capabilities in FP&A, including data presentation and analysis.   [09:05 - 16:49] Overview of Financial Planning and Analysis (FP&A) in OneStream FP&A's role in data production and presentation. OneStream's dimensionality and extensibility for tailored business models. Importance of actionable data presentation for decision-making. Ability to drill down into details and customize planning processes.   [16:50 - 27:34] Enhancing Forecasting Accuracy and Dealing with Client Challenges Processes and checks in OneStream ensuring data integrity and visibility. Use of workflows for repeatable and efficient processes. Example of addressing a complex client challenge with OneStream's flexibility. Integration of financial data from various sources into the OneStream platform.   [27:35 - 33:51] Closing Segment Success factors include scalability, error reduction, and streamlined processes. Importance of centralized data storage and reporting in OneStream. Encouraging adoption by showcasing ease of use and benefits over spreadsheets.   If you liked this episode of the show, CPM Customer Success, please LEAVE A 5-STAR REVIEW, like, share, and subscribe!   Get in touch with Andy: Email: [email protected] LinkedIn: https://www.linkedin.com/in/andy-smetana/   Thank you for tuning in!   Tweetable Quotes: "FP&A's job is to translate those activities into financials." - Greg Hertling  "Strategy is all about kind of looking ahead to future desired outcomes. And then reasoning back to create a plan or set of actions to achieve those outcomes. In my mind, FP&A is or should be at the heart of that process."  - Greg Hertling  "OneStream's ability to generate reports, graphs, and dashboards, gives FP&A the tools to present data in a way that drives decisions." - Greg Hertling