Drilling into financial discipline
Master Drilling’s financial transformation
As a global leader in specialised rock boring and drilling services, Master Drilling operates in some of the most technically demanding environments in the world. Its growth has been deliberate, ambitious, and international, but that same growth brought additional complexity through more entities, more currencies, more projects, and more capital decisions.
Eventually, the financial systems that once supported the business began to lag behind it. Master Drilling’s investment into Hyperion Financial Management for its group consolidation activities paid off for many years, but as the organisation expanded, it found the system couldn’t keep up with its needs. As a result, consolidations became increasingly manual, reporting cycles required more effort, and visibility across the group wasn’t as immediate or centralised, which was what the company’s leadership needed.
In other words, the system simply wasn’t built to scale at the pace the business was growing. Finance teams found themselves spending too much time preparing numbers and not enough time analysing them. Master Drilling decided it needed more than a system replacement; it needed a stronger financial backbone.
Establishing a single source of truth
Futuresense partnered with Master Drilling to implement OneStream as a modern consolidation and reporting platform. The goal was to create a single, governed source of truth for the group. General ledger data from across the organisation was integrated and transformed into a standardised structure.
Consolidation processes were automated so reporting outputs became controlled and consistent. Workflows were formalised, and reconciliations were streamlined. However, the real shift wasn’t technical, it was operational. Instead of managing spreadsheets and system limitations, the finance team could rely on a platform designed for scale and control. Reporting became faster, data became more transparent, and confidence increased.
By the time the solution went live, Master Drilling had more than replaced a legacy system, it had modernised how financial information flowed through the organisation.
From reporting to strategic capital discipline
With consolidation stabilised, a new question emerged: How does Master Drilling ensure capital is allocated with the same discipline as reporting? In a capital-intensive business like Master Drilling’s, equipment investments, expansion initiatives, and project commitments carry significant financial weight.
Growth requires investment, but it has to be the right investment. Master Drilling needed a structured way to evaluate, prioritise, and forecast capital decisions while maintaining financial stability. Rather than introducing another disconnected planning tool, the company chose to extend the OneStream platform.
Futuresense worked closely with Master Drilling’s leadership and finance teams to design and implement an integrated capital ranking model and cashflow forecasting solution. This allowed capital projects to be evaluated through structured criteria within a governed environment. Assumptions and drivers were clearly defined, while scenarios could be modelled and compared.
Cashflow forecasts became more accurate and visible. Most importantly, consolidation, reporting, capital planning, and forecasting now lived in the same platform. The silos were gone, allowing leaders to see not only where the business stands, but where it is heading, and how capital decisions can shape that future.
Financial stability that supports growth
Futuresense’s implementation of OneStream for Master Drilling delivered tangible results, including automated consolidation processes, streamlined reporting outputs, centralised financial visibility, and structured capital prioritisation. In addition, the company gained improved cashflow forecasting accuracy, and faster, more informed decision-making.
Master Drilling’s finance team shifted from reactive reporting to proactive support of strategic growth. The company now operates with a scalable financial platform that matches the ambition of the business itself, capable of supporting continued expansion while maintaining control, transparency, and discipline. What began as a consolidation replacement evolved into a foundation for smarter capital allocation and long-term financial resilience, and in a sector where precision matters, that foundation makes all the difference.
