OneStream made planning and reporting efficient
March 30, 2024
OneStream made planning and reporting efficient
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with OneStream
OneStream is used for
- Consolidation of 8 international subsidiaries, based on SAP R/3 local data.
- Monthly detailed financial forecast based S&OP plan data and other transactional data extracted from SAP BW, the forecast calculations include profit and loss details on entity level with IC revenue, raw material cost updates and balance sheet calculations with specific details for working capital and other inputs.
Use case of the forecast is to track results versus target and previous forecast.
- Reporting set was build for management reviews, which can be quickly generated by changing variables.
- Consolidation of 8 international subsidiaries, based on SAP R/3 local data.
- Monthly detailed financial forecast based S&OP plan data and other transactional data extracted from SAP BW, the forecast calculations include profit and loss details on entity level with IC revenue, raw material cost updates and balance sheet calculations with specific details for working capital and other inputs.
Use case of the forecast is to track results versus target and previous forecast.
- Reporting set was build for management reviews, which can be quickly generated by changing variables.
- Workflows to have step by step processes
- Import data from different sources with validation of metadata and extensive transformation rules
- Consistently calculate all variables
- Freedom to define cost drivers with member formulas
- Deploying of market place solutions is cumbersome and often requires external support.
- Calculation of a planning scenario can take quite some time depending on the data structure.
- Version upgrades require preparation and resources.
- Reduced corporate month end closing by 2 days, hardly any overtime
- Dozens of Excel reports and calculation files eliminated
- 3 days per month were spent on combining numbers, now used to analyze the results.
IBM Analytics seemed quite competitive. OneStream was selected because it has the consolidation and planning functionalities in the same cube. Overall cost for implementation and use were lower.
Lucanet and Anaplan seemed to have less flexibility to adapt the planning functionalities to our use.
Our selection was made in 2020.
Lucanet and Anaplan seemed to have less flexibility to adapt the planning functionalities to our use.
Our selection was made in 2020.
Do you think OneStream delivers good value for the price?
Yes
Are you happy with OneStream's feature set?
Yes
Did OneStream live up to sales and marketing promises?
Yes
Did implementation of OneStream go as expected?
No
Would you buy OneStream again?
Yes