The Hackett Group Recognized as the 2024 Finance Transformation Award Winner by OneStream Software

Today, The Hackett Group, Inc. (NASDAQ: HCKT), an IP-based Gen AI strategic consulting and executive advisory firm that enables Digital World Class performance, is pleased to announce it has been honored with OneStream Software’s prestigious Finance Transformation Award at this year's OneStream Splash event in Las Vegas, NV. This award recognizes The Hackett Group's exceptional work in transforming the financial operations at Pella, a leading manufacturer of windows and doors in North America.

The Hackett Group’s collaboration with OneStream Software and Pella demonstrated their innovation and expertise in fully leveraging the OneStream platform for breakthrough results. This recognition was earned by integrating and unifying Pella’s financial operations into a single, cohesive platform. The Hackett Group consolidated all budgeting, profitability, forecasting, tax reporting, and lease accounting processes while strategically improving Pella’s financial planning and reporting.

This transformative solution reduced consolidation times to minutes, dramatically improving decision-making speed. Allocation execution times were cut to five minutes per iteration from up to a day per iteration, drastically enhancing operational efficiency. Reporting and analysis tools delivered strategic insights that enabled stakeholders to make better-informed decisions. The Hackett Group’s implementation also provided a comprehensive profitability management solution, allowing detailed income statements segmented by product, channel, plant, and brand. This unified platform empowered Pella to adapt quickly to market dynamics and optimize its strategic planning capabilities, enabling it to significantly improve efficiency, accuracy, and profitability.

"We are deeply honored to receive the Finance Transformation Award from OneStream Software," said Paulo Dominguez, Global Managing Director for AI and OneStream Enablement of The Hackett Group. "This recognition is a testament to the unwavering commitment and expertise of our team, who leverage the innovative capabilities of the OneStream platform to transform our clients' financial operations. It reaffirms our efforts and inspires us to continue pushing the boundaries of what's possible in finance."