BIRMINGHAM–Lithion Battery, a Nevada-based designer and vertically integrated manufacturer of primary and secondary battery cells, rechargeable and non-rechargeable battery packs and battery modules, has selected corporate performance management software developer OneStream Software to streamline and modernize its financial close, consolidation and reporting processes.
Lithion is implementing OneStream’s Intelligent Finance platform to replace a complex series of Excel spreadsheets that were being used to support financial consolidation and reporting company officials said created challenges as the company grows rapidly.
OneStream said its software was selected over competitive products from IBM and Planful.
“As we examined Lithion Battery’s growth, it became clear that we needed a solution that could modernize our financial close and consolidation processes and serve as a partner to strategically support our future plans,” said Henk Adriaenssens, CFO at Lithion Battery. “With OneStream we are able to gain near real-time insights to drive the business towards growth and remain agile against today’s rapidly changing business environment.”
Added Angel Ramsdell, commercial account executive at OneStream: “OneStream’s capabilities are a perfect match to their needs as a rapidly growing company, with the opportunity to extend their investment as the company continues to expand into new areas. OneStream is able to serve as a strategic business partner for Lithion Battery’s evolving business priorities by providing user flexibility, key insights into business performance and efficiencies across the enterprise.”
Working closely with customers while producing lithium iron phosphate and other lithium-ion cells and battery modules and packs out of Lithion’s North American based manufacturing operations, allows the company to reliably deliver product to customers–products which are controlled by highly customizable battery management systems.
OneStream is an independent software company backed by private equity investors KKR, Tidemark, D1 Capital Partners, and IGSB. With 1200 customers, 230 implementation partners and nearly 1300 employees our primary mission is to deliver 100% customer success. More at www.onestream.com.