OneStream vs. Synoptix

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
OneStream
Score 8.7 out of 10
Enterprise companies (1,001+ employees)
OneStream Software provides a finance platform that aims to reduce the complexity of financial operations. OneStream™ supports finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting, and analytics through a single, extensible solution. The vendor states their goal is to empower the enterprise with financial and operational insights to support faster and more informed decision-making. It is a cloud platform designed to…N/A
Synoptix
Score 2.8 out of 10
Mid-Size Companies (51-1,000 employees)
Synoptic provides ERP financial reporting tools and analysis. This solution is designed to deliver real-time data. The vendor’s value proposition is that their solution empowers users to create financial and operational reports with spreadsheet ease of use.N/A
Pricing
OneStreamSynoptix
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
OneStreamSynoptix
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesYes
Entry-level Setup FeeRequiredOptional
Additional DetailsThe solution is only for Enterprises. Pricing for software is based on number of total users and one user gets all software functionality. Implementation would be based on what business problem or problems the solution will be used to solve, such as financial consolidation and reporting or planning or account reconciliations, etc.
More Pricing Information
Features
OneStreamSynoptix
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
OneStream
9.3
18 Ratings
10% above category average
Synoptix
-
Ratings
Pixel Perfect reports9.515 Ratings00 Ratings
Customizable dashboards9.218 Ratings00 Ratings
Report Formatting Templates9.316 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
OneStream
9.4
25 Ratings
12% above category average
Synoptix
-
Ratings
Drill-down analysis9.524 Ratings00 Ratings
Formatting capabilities9.425 Ratings00 Ratings
Report sharing and collaboration9.424 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
OneStream
8.9
23 Ratings
8% above category average
Synoptix
7.7
1 Ratings
7% below category average
Publish to Web7.015 Ratings8.01 Ratings
Publish to PDF9.822 Ratings8.01 Ratings
Report Versioning9.719 Ratings00 Ratings
Report Delivery Scheduling9.222 Ratings7.01 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
OneStream
9.0
21 Ratings
14% above category average
Synoptix
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)8.921 Ratings00 Ratings
Location Analytics / Geographic Visualization8.921 Ratings00 Ratings
Predictive Analytics9.118 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
OneStream
9.1
25 Ratings
4% above category average
Synoptix
6.0
1 Ratings
38% below category average
Multi-User Support (named login)9.625 Ratings7.01 Ratings
Role-Based Security Model9.625 Ratings8.01 Ratings
Multiple Access Permission Levels (Create, Read, Delete)9.625 Ratings8.01 Ratings
Report-Level Access Control6.82 Ratings00 Ratings
Single Sign-On (SSO)9.924 Ratings1.01 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
OneStream
7.6
13 Ratings
5% below category average
Synoptix
1.0
1 Ratings
155% below category average
Responsive Design for Web Access8.011 Ratings1.01 Ratings
Dashboard / Report / Visualization Interactivity on Mobile7.211 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
OneStream
9.5
28 Ratings
12% above category average
Synoptix
6.0
1 Ratings
33% below category average
Long-term financial planning9.626 Ratings5.01 Ratings
Financial budgeting9.626 Ratings5.01 Ratings
Forecasting9.525 Ratings00 Ratings
Scenario modeling9.224 Ratings00 Ratings
Management reporting9.428 Ratings8.01 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
OneStream
9.6
28 Ratings
16% above category average
Synoptix
7.0
1 Ratings
15% below category average
Financial data consolidation10.028 Ratings7.01 Ratings
Journal entries and reports9.626 Ratings00 Ratings
Multi-currency management9.627 Ratings00 Ratings
Intercompany Eliminations9.426 Ratings00 Ratings
Minority Ownership9.221 Ratings7.01 Ratings
Local and consolidated reporting9.827 Ratings00 Ratings
Detailed Audit Trails9.627 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
OneStream
9.4
28 Ratings
12% above category average
Synoptix
6.8
1 Ratings
21% below category average
Financial Statement Reporting9.628 Ratings7.01 Ratings
Management Reporting9.628 Ratings7.01 Ratings
Excel-based Reporting9.627 Ratings7.01 Ratings
Automated board and financial reporting9.227 Ratings6.01 Ratings
XBRL support for regulatory filing9.11 Ratings00 Ratings
Analytics and Reporting
Comparison of Analytics and Reporting features of Product A and Product B
OneStream
9.1
26 Ratings
12% above category average
Synoptix
3.0
1 Ratings
92% below category average
Personalized dashboards9.426 Ratings3.01 Ratings
Color-coded scorecards9.123 Ratings00 Ratings
KPIs9.424 Ratings00 Ratings
Cost and profitability analysis9.224 Ratings00 Ratings
Key Performance Indicator setting9.223 Ratings00 Ratings
Benchmarking with external data8.519 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
OneStream
9.8
27 Ratings
15% above category average
Synoptix
3.0
1 Ratings
95% below category average
Flat file integration9.927 Ratings00 Ratings
Excel data integration9.927 Ratings00 Ratings
Direct links to 3rd-party data sources9.527 Ratings3.01 Ratings
Best Alternatives
OneStreamSynoptix
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
IBM Planning Analytics
IBM Planning Analytics
Score 8.4 out of 10
Medium-sized Companies
Cube
Cube
Score 9.1 out of 10
Cube
Cube
Score 9.1 out of 10
Enterprises
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.5 out of 10
Oracle Fusion Cloud ERP
Oracle Fusion Cloud ERP
Score 8.5 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
OneStreamSynoptix
Likelihood to Recommend
9.8
(28 ratings)
2.2
(12 ratings)
Likelihood to Renew
6.8
(2 ratings)
-
(0 ratings)
Usability
8.0
(1 ratings)
-
(0 ratings)
Support Rating
5.5
(2 ratings)
1.0
(1 ratings)
User Testimonials
OneStreamSynoptix
Likelihood to Recommend
OneStream Software LLC
OneStream is best suited for medium to large companies that find themselves doing a wide variety of manual processes during their financial close cycle will get the most benefit. That does mean a lot of change so there has to be very intentional communication around change management in order to get the buy in that is necessary for success.
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Synoptix
It is excellent if set up well, and users are well trained on how to use it as it is not very user-friendly. But to achieve that, you have to go through the hell of a setup. Support is not knowledgeable in some areas of the software, it is tough to set up and install, and when presented by salespeople, it is all great, but you need to invest a lot to pay it off.
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Pros
OneStream Software LLC
  • With OneStream’s Account Reconciliation solution, the finance team can now see an overview of their reconciliations which saved a significant amount of time as compared to navigating through spreadsheets.
  • OneStream allows much detailed transactional level data (with millions of transactions) from integrated source systems to be consolidated right up to the highest level with drill-down capabilities providing a detailed audit trail as well as full transparency across the organizational hierarchy. This was the biggest benefit as to why OneStream was the preferred choice.
  • The native dashboarding capabilities allowed the company to replace their standalone BI tool with dashboards within OneStream.
  • Analytical blend capabilities provided risk management and risk governance capabilities which before this was not possible for the customer.
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Synoptix
  • Easy report building interface with an query interface that allows financial users the ability to conduct complex queries without difficulty.
  • The ability to create reporting that allows us to review in-depth financial review by drilling down into accounts to find transnational data easily.
  • Easily maintained and monitored with simple upgrade installations and end point installation.
  • Great knowledge base for review and trouble-shooting.
  • Highly knowledgeable and easy to work with staff.
Read full review
Cons
OneStream Software LLC
  • Dashboards are very useful to business users, but can be time consuming to build.
  • Best practice documentation, the product is evolving and is relatively new (about 10 years old) so best practices are still be developed and communicated to the OneStream community.
  • New product feature documentation and examples.
Read full review
Synoptix
  • It has a poor install procedure which is not standard. It almost requires copying folders from an existing computer to the new install.
  • The update process is less than desirable. It seems like Compusoft needs to do a better job of testing before releasing updates.
  • The interface is a bit archaic. It looks more like a program from 20 years ago than one used today.
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Likelihood to Renew
OneStream Software LLC
Currently we are using OneStream with people 80 - 100 to load the PL, BS , Forecast budget and People Planning. OneStream give us more visibility on trend and way forward thinking. Thanks to OneStream for the tool which helps the business in growing way. Thinking of innovation OneStream is right path.
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Synoptix
No answers on this topic
Usability
OneStream Software LLC
Overall usability as an end-user is very easy. There are more people in the system getting information now than the prior platform used. People are gathering their information quicker as well. From an administrator standpoint, there are fewer glitches and issues than the prior platform. This is very good.
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Synoptix
No answers on this topic
Support Rating
OneStream Software LLC
OneStream support is focused on the infrastructure. Which means mainly when there issues with accessing to the system, they will be able to help. When the question is to much leaning towards functional it really becomes billable. The other issue is that the response time is not optimal. There is a lot of pingpong of messages and the time between the message can sometimes be long. Sometimes this result into a simple ticket to be taking days before it is closed.
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Synoptix
Support does not know much about software solutions. As an example, I have struggled for weeks just to set up LDAP that should be fairly simple.
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Alternatives Considered
OneStream Software LLC
OneStream is a much more powerful solution for us. Both products claim they can "do it all" but the OneStream XF Marketplace allows us limitless possibilities for what we can do - at a fraction of the implementation cost.
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Synoptix
Prior to Synoptix we were using the reporting tool that comes with our ERP system. It lacked the drilldown and comparability functions that make Synoptix the top pick. Further, designing reports and maintaining reports was very labor intensive
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Return on Investment
OneStream Software LLC
  • Customers have moved from multiple EPM systems as well as multiple EPM applications to OneStream.
  • Their ROI has been quite high as lesser admins are required, no need to move data back & forth, no need for an additional dashboarding / BI tool, once a user is on OneStream can leverage it for more than 50+ use cases at no additional license cost.
  • Automation, direct integration, scheduling, complex calculation capabilities, all help to further improve ROI and free up the time for the team to do value-adding tasks.
  • Last but not the least is the confidence on the numbers is much higher.
Read full review
Synoptix
  • As a reporting tool it has allowed us to make fact based decisions. We have a significant annual cost with relation to our legacy system and Synoptix provides us with the best tool to mine the data that resides in our legacy system.
Read full review
ScreenShots

OneStream Screenshots

Screenshot of OneStream DashboardScreenshot of Profitability AnalysisScreenshot of Product and Customer ProfitabilityScreenshot of Account ReconciliationsScreenshot of Cash PlanningScreenshot of Financial Signaling