A Psc Truck Inspector Goes Through His Checklist

PSC unifies financial operations in cloud

Oct. 21, 2021
Petroleum Service Corporation selects OneStream Software platform to streamline processes across planning, reporting, account reconciliations

Petroleum Service Corporation (PSC), which specializes in product handling, site logistics, and sustainability services for the petrochemical and refining industries, recently selected corporate performance management (CPM) vendor OneStream Software to streamline and unify the company’s finance operations.

After a thorough evaluation process, OneStream was ultimately selected for its comprehensive platform and commitment to customer success, the company said. PSC will replace Excel with OneStream’s Intelligent Finance platform to unify its financial processes across planning, reporting, and account reconciliations.

“Selecting OneStream was based on a valued partnership, building a solution that will modernize our complex financial processes across PSC in a single, unified platform,” said Lynn Nazareth, CFO at PSC. “OneStream’s Extensible Dimensionality will allow us to derive key insights across multiple lines of business with the flexibility to scale as the company continues to grow, while the seamless integration with ADP and NetSuite allows for a single source of truth for data across the enterprise.”

PSC said it chose OneStream Diamond Level Partner and global digital consultancy Perficient as its implementation partner. Phase 1 of the project will include workforce planning and reporting, focusing on a direct connection to NetSuite and integration to ADP. Phase 2 will include a rollout of additional planning and reporting capabilities and solutions, along with account reconciliations.

Following Phase 2, PSC will explore utilizing OneStream for account reconciliations, as well as close management and consolidations. “Perficient is proud to be selected as PSC’s implementation partner to help transform their financial processes,” said Charles Ramirez, CPM practice director at Perficient. “Together we will build an enduring solution that will evolve as PSC grows, leveraging modern tools and technologies to drive success for their customers.”

Added Mark Ardis, named account manager at OneStream: “We are honored to be chosen by PSC as a trusted partner to modernize their financial processes. OneStream’s platform capabilities proved to be the best fit to meet PSC’s needs as they digitally transform, with the OneStream MarketPlace offering solutions for PSC to expand their use of the platform into people planning, capital planning, task manager and parcel services to provide innovative insights across the enterprise as the company continues to grow.”