Unifying Financial Operations on OneStream for Best Buy

Unifying Financial Operations on OneStream for Best Buy

Situation

Best Buy’s finance ecosystem was built on multiple disconnected point solutions that handled close, reconciliations, and transaction matching in silos — creating unnecessary complexity and ongoing administrative burden across the organization. Executive reporting lacked the depth, speed, and transparency leadership required to make confident decisions at scale. Heavy manual processes and Excel-based data merges introduced risk and error into workflows that demanded precision. Costly on-premise systems required expertise spread across multiple platforms, making the environment difficult to maintain and nearly impossible to scale. Finance needed a unified foundation that could consolidate its operations, automate core workflows, and give leadership real visibility into the business.

Our Solution

Thought Logic partnered with Best Buy’s business, finance, technology, and integrations teams to reimagine the finance operating model using OneStream as the unified foundation. The team consolidated close, reconciliations, and transaction matching into a single enterprise platform — integrating core ERP systems to enable real-time data visibility and eliminating the manual handoffs that had introduced risk across the close process. Thought Logic standardized governance, reporting structures, and metadata to create a consistent, scalable framework across the organization. The engagement also included structured change management to enable 500+ users, making this one of the largest transaction matching implementations in the OneStream ecosystem. With Sensible AI identified as the next phase, the platform is positioned to continue evolving alongside Best Buy’s finance transformation.

Stakeholders

Our Clients
  • Finance and accounting leadership and close management teams

  • Business and operations leadership

  • Technology and systems integrations teams

  • FP&A and enterprise planning teams

Our Solution Team
  • OneStream implementation and configuration specialists

  • Financial close and consolidation consultants

  • Planning and budgeting solutions leads

  • Change management and training consultants

Achievements

The engagement transformed Best Buy’s finance ecosystem from a collection of legacy point solutions into a single, unified OneStream platform — shifting the organization’s focus from managing data to driving insight.

Financial Close and Consolidation
  • Close, reconciliations, and transaction matching consolidated from multiple disconnected systems into one enterprise platform

  • Three legacy platforms reduced into a single scalable cloud solution

Data Integration and Visiblity
  • Automated data integrations and reporting enabled real-time, transaction-level visibility across the finance organization

  • Core ERP systems integrated to eliminate manual data merges and Excel-based workarounds

Enterprise Scale and Governance
  • Designed and deployed one of the largest transaction matching implementations in the OneStream ecosystem

  • Governance, reporting structures, and metadata standardized across the organization to support scale and consistency

  • 500+ users enabled through structured change management

  • This established Atlanta-based financial services company faced a critical strategic challenge as fintech disruptors were rapidly attracting consumers away from traditional banking relationships.

  • This global Fortune 500 consumer packaged goods company was experiencing market share erosion to competitors and struggling with poor visibility into the key performance factors driving their business success.