Miami, May 23, 2024–(BUSINESS WIRE)–Today, The Hackett Group, Inc. (NASDAQ: HCKT), an IP-based Gen AI strategic consulting and executive advisory firm that enables digital world class, announced that® Hackett Group, the chief performance officer, is pleased to announce that it won OneStream Software's prestigious Financial Transformation Award at this year's OneStream Splash event in Las Vegas, Nevada. This award recognizes Hackett Group's outstanding efforts in transforming the financial operations of Pella, a leading North American window and door manufacturer.
Hackett Group's collaboration with OneStream Software and Pella demonstrated the innovation and expertise in leveraging the full power of the OneStream platform to deliver breakthrough results. This recognition was earned by consolidating and unifying Pella's financial operations onto a single, consistent platform. Hackett Group consolidated all budgeting, profitability, forecasting, tax reporting, and lease accounting processes while strategically improving Pella's financial planning and reporting.
This innovative solution reduces integration time to minutes, dramatically increasing the speed of decision-making. Assignment execution time has been reduced from ~1 day per iteration to 5 minutes per iteration, significantly increasing operational efficiency. Reporting and analytical tools provide strategic insights that enable stakeholders to make better-informed decisions. The introduction of Hackett Group also provides a comprehensive profitability management solution, enabling detailed P&L statements segmented by product, channel, plant and brand. This integrated platform has enabled Pella to quickly adapt to market trends and optimize its strategic planning capabilities, significantly increasing efficiency, accuracy, and profitability.
“This recognition is a testament to our team's unwavering commitment and expertise in leveraging the innovative capabilities of the OneStream platform to transform our clients' financial operations. It reaffirms our efforts and motivates us to continue pushing the boundaries of what's possible in finance,” said Paulo Domingues, Global Managing Director, AI and OneStream Enablement, The Hackett Group.
“Winning this award reinforces our strategic focus on delivering immediate and lasting improvements to the financial system,” said Trey Robbins, principal of AI and U.S. OneStream practice leader at The Hackett Group. has commented. “We are committed to helping our customers succeed by delivering transformative financial solutions that leverage the OneStream platform and the expertise of our team.”
“We are pleased to announce that The Hackett Group is the recipient of the 2024 Finance Transformation Award,” said Stephanie Crump, Senior Vice President of Global Alliances at OneStream. “This award recognizes the end-to-end impact and transformation Hackett Group has brought to our customers' financial operations. This has resulted in consistency and standardization across all regions.”
About OneStream Software
OneStream is how today's finance teams move beyond reporting the past to driving finance forward by leading the business into the future. It is the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decision-making and productivity, and empowers CFOs to be key drivers of business strategy and execution.
We offer a comprehensive cloud-based platform to modernize your CFO office. Our digital finance cloud integrates core financial data with a wide range of operational data and processes, and uses an extensible architecture to incorporate AI to improve planning and forecasting. This enables our customers to adopt and develop new solutions and realize greater value as their business needs evolve.
OneStream is a software company backed by private equity investors KKR, Tidemark, Partners Fund Capital, and Alkeon Capital Management. With more than 1,400 customers, 250 go-to-market, implementation and development partners, and 1,300 employees, our vision is to become the operating system for modern finance, digitizing the core finance function and empowering CFOs to be key drivers of business strategy. For more information, please visit www.onestream.com.
About The Hackett Group®
The Hackett Group (NASDAQ: HCKT) is an IP-based, Gen AI strategic consulting and executive advisory firm focused on delivering digital world-class® Performance. Using our AI assessment platform, AI XPLR™, our experienced experts can guide your organization to leverage the power of Gen AI to digitally transform your operations and achieve quantifiable breakthrough results, allowing us to be the primary architect of your Gen AI journey.
Our expertise provides unparalleled best practice insights from benchmarking the world's leading companies, including 97% of the Dow Jones Industrials, 89% of the Fortune 100, 70% of the DAX 40, and 55% of the FTSE 100. is based on and powered by: Our Digital Transformation Platform, Hackett Connect™, Quantum Leap®Visit www.thehackettgroup.com.
For more information about The Hackett Group, please visit https://www.thehackettgroup.com/, email info@thehackettgroup.com, or call (770) 225-3600.
The Hackett Group, the quadrant logo, Quantum Leap, and Digital World Class are registered trademarks of The Hackett Group.
Cautionary Note Regarding “Forward-Looking” Statements
This release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” or other similar words or variations of such words; or any description that includes, but is not limited to, similar expressions indicating that it currently exists. or future expectations or anticipated events or results, such forward-looking statements are not statements of historical fact and are subject to known and unknown risks that may cause our actual results, performance, or performance. , involve uncertainties and other factors. The results, performance or achievements expressed or implied by the forward-looking statements may differ materially from those expressed or implied by the forward-looking statements, competition from other consulting and technology companies, similar services, The Hackett Group and the commercial viability of its services and other risks detailed in The Hackett Group's reports filed with the Securities and Exchange Commission; Hackett Group undertakes no obligation to update this release or any forward-looking statements contained herein.
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