Case Study
SourceCode Transforms Financial Reporting with the Aid of MindStream using OneStream
Since its inception in 1992, SourceCode has built a reputation as a trailblazer in custom and co-designed infrastructure solutions. With thousands of innovative implementations and more than a million edge devices distributed, the company has refined its engineering, manufacturing, and business processes to serve increasing market demand.
As the business grew, however, its Excel-based financial reporting approach began to show clear limitations. SourceCode needed a more advanced and comprehensive solution that could reduce risk, streamline consolidation, and support future business expansion. MindStream Analytics partnered with the company to modernize its reporting environment with OneStream.
The result was a more secure, scalable, and automated finance platform designed to support both current reporting needs and long-term growth.
The Challenge:
SourceCode had been relying heavily on Excel for its financial reporting processes. While Excel had served as a foundational tool, the limitations became more serious as the company evolved. The organization faced increasing concerns around data security, manual effort, integration complexity, and reporting reliability.
These issues made it harder to support management reporting, GAAP reporting, bank reporting, and acquisitions through a single dependable process.
The Solution
MindStream Analytics addressed these issues with a strategic OneStream implementation designed to centralize and automate key financial reporting functions. The team created a consolidated common chart of accounts, making it easier to integrate multiple trial balances into OneStream and preparing SourceCode for faster future acquisitions.
OneStream was also configured to support currency translation, stronger security by function, and flexible reporting for internal management, external GAAP, and bank reporting needs. In addition, custom reports were designed to pull data directly from OneStream on demand, eliminating the need for recurring manual report creation.
To further streamline the close and consolidation cycle, intercompany transactions were configured to auto-eliminate upon consolidation, and a comprehensive cash flow statement was built inside the platform for deeper financial insight.
Key solution components included:
The Result
The transition to OneStream transformed SourceCode’s financial reporting environment. Manual processes associated with consolidations and internal and external reporting were removed, improving both efficiency and confidence in the numbers being produced.
The move also significantly reduced the potential for human error and system-related issues that can arise in spreadsheet-driven environments. With a more scalable and acquisition-ready platform in place, SourceCode is better equipped to integrate future businesses and support continued growth with stronger financial controls.
Overall, the project helped shift reporting from a manual, risk-prone process to a more secure, automated, and strategically useful finance capability.