OneStream vs. Wolters Kluwer OneSumX

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
OneStream
Score 8.4 out of 10
Enterprise companies (1,001+ employees)
OneStream is an enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and can extend to meet the evolving needs of businesses without adding technical debt. Presented as an operating system for modern Finance, it unifies core financial functions and empowering the CFO to become a critical driver of business strategy, innovation, and growth. It is a cloud-based platform that modernizes the Office of the CFO. The…N/A
OneSumX
Score 9.0 out of 10
N/A
OneSumX, from Wolters Kluwer, is a product line providing compliance management, risk management, and financial crime control.N/A
Pricing
OneStreamWolters Kluwer OneSumX
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
OneStreamOneSumX
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
YesNo
Entry-level Setup FeeRequiredNo setup fee
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
Community Pulse
OneStreamWolters Kluwer OneSumX
Top Pros
Top Cons
Features
OneStreamWolters Kluwer OneSumX
BI Standard Reporting
Comparison of BI Standard Reporting features of Product A and Product B
OneStream
8.6
31 Ratings
9% above category average
Wolters Kluwer OneSumX
-
Ratings
Pixel Perfect reports7.925 Ratings00 Ratings
Customizable dashboards8.831 Ratings00 Ratings
Report Formatting Templates8.929 Ratings00 Ratings
Ad-hoc Reporting
Comparison of Ad-hoc Reporting features of Product A and Product B
OneStream
7.3
41 Ratings
12% below category average
Wolters Kluwer OneSumX
-
Ratings
Drill-down analysis6.839 Ratings00 Ratings
Formatting capabilities7.440 Ratings00 Ratings
Report sharing and collaboration7.838 Ratings00 Ratings
Report Output and Scheduling
Comparison of Report Output and Scheduling features of Product A and Product B
OneStream
8.6
37 Ratings
5% above category average
Wolters Kluwer OneSumX
-
Ratings
Publish to Web8.923 Ratings00 Ratings
Publish to PDF9.236 Ratings00 Ratings
Report Versioning8.131 Ratings00 Ratings
Report Delivery Scheduling8.136 Ratings00 Ratings
Data Discovery and Visualization
Comparison of Data Discovery and Visualization features of Product A and Product B
OneStream
7.5
33 Ratings
0% below category average
Wolters Kluwer OneSumX
-
Ratings
Pre-built visualization formats (heatmaps, scatter plots etc.)7.633 Ratings00 Ratings
Location Analytics / Geographic Visualization7.633 Ratings00 Ratings
Predictive Analytics7.428 Ratings00 Ratings
Access Control and Security
Comparison of Access Control and Security features of Product A and Product B
OneStream
8.9
41 Ratings
3% above category average
Wolters Kluwer OneSumX
-
Ratings
Multi-User Support (named login)9.440 Ratings00 Ratings
Role-Based Security Model9.241 Ratings00 Ratings
Multiple Access Permission Levels (Create, Read, Delete)8.941 Ratings00 Ratings
Report-Level Access Control8.517 Ratings00 Ratings
Single Sign-On (SSO)8.440 Ratings00 Ratings
Mobile Capabilities
Comparison of Mobile Capabilities features of Product A and Product B
OneStream
6.5
18 Ratings
17% below category average
Wolters Kluwer OneSumX
-
Ratings
Responsive Design for Web Access6.916 Ratings00 Ratings
Dashboard / Report / Visualization Interactivity on Mobile6.114 Ratings00 Ratings
Budgeting, Planning, and Forecasting
Comparison of Budgeting, Planning, and Forecasting features of Product A and Product B
OneStream
8.1
44 Ratings
2% below category average
Wolters Kluwer OneSumX
-
Ratings
Long-term financial planning8.240 Ratings00 Ratings
Financial budgeting8.041 Ratings00 Ratings
Forecasting8.039 Ratings00 Ratings
Scenario modeling7.538 Ratings00 Ratings
Management reporting9.144 Ratings00 Ratings
Consolidation and Close
Comparison of Consolidation and Close features of Product A and Product B
OneStream
8.7
44 Ratings
10% above category average
Wolters Kluwer OneSumX
-
Ratings
Financial data consolidation9.544 Ratings00 Ratings
Journal entries and reports8.242 Ratings00 Ratings
Multi-currency management8.241 Ratings00 Ratings
Intercompany Eliminations9.041 Ratings00 Ratings
Minority Ownership8.136 Ratings00 Ratings
Local and consolidated reporting9.343 Ratings00 Ratings
Detailed Audit Trails9.043 Ratings00 Ratings
Financial Reporting and Compliance
Comparison of Financial Reporting and Compliance features of Product A and Product B
OneStream
8.5
44 Ratings
4% above category average
Wolters Kluwer OneSumX
-
Ratings
Financial Statement Reporting9.244 Ratings00 Ratings
Management Reporting8.944 Ratings00 Ratings
Excel-based Reporting7.343 Ratings00 Ratings
Automated board and financial reporting8.240 Ratings00 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
8.5
40 Ratings
5% above category average
Wolters Kluwer OneSumX
-
Ratings
Personalized dashboards9.240 Ratings00 Ratings
Color-coded scorecards8.636 Ratings00 Ratings
KPIs8.737 Ratings00 Ratings
Cost and profitability analysis8.635 Ratings00 Ratings
Key Performance Indicator setting8.434 Ratings00 Ratings
Benchmarking with external data7.529 Ratings00 Ratings
Integration
Comparison of Integration features of Product A and Product B
OneStream
9.0
43 Ratings
9% above category average
Wolters Kluwer OneSumX
-
Ratings
Flat file integration9.643 Ratings00 Ratings
Excel data integration9.143 Ratings00 Ratings
Direct links to 3rd-party data sources8.342 Ratings00 Ratings
Governance, Risk & Compliance
Comparison of Governance, Risk & Compliance features of Product A and Product B
OneStream
-
Ratings
Wolters Kluwer OneSumX
9.0
1 Ratings
18% above category average
Common repository of GRC items00 Ratings9.01 Ratings
Risk management00 Ratings10.01 Ratings
Integration with Corporate Performance Management (CPM) systems00 Ratings8.01 Ratings
GRC policy management00 Ratings9.01 Ratings
Incident management00 Ratings9.01 Ratings
Best Alternatives
OneStreamWolters Kluwer OneSumX
Small Businesses
IBM Planning Analytics
IBM Planning Analytics
Score 7.4 out of 10
Rencore Code (SPCAF)
Rencore Code (SPCAF)
Score 8.8 out of 10
Medium-sized Companies
Centage
Centage
Score 9.6 out of 10
Forcepoint DLP
Forcepoint DLP
Score 8.1 out of 10
Enterprises
Prophix
Prophix
Score 8.7 out of 10
Forcepoint DLP
Forcepoint DLP
Score 8.1 out of 10
All AlternativesView all alternativesView all alternatives
User Ratings
OneStreamWolters Kluwer OneSumX
Likelihood to Recommend
9.4
(45 ratings)
9.0
(1 ratings)
Likelihood to Renew
8.6
(5 ratings)
-
(0 ratings)
Usability
8.2
(3 ratings)
-
(0 ratings)
Support Rating
7.7
(4 ratings)
-
(0 ratings)
Online Training
6.4
(1 ratings)
-
(0 ratings)
User Testimonials
OneStreamWolters Kluwer OneSumX
Likelihood to Recommend
OneStream Software LLC
Financial Planning / Forecasting, People Planning, and Financial Close and Consolidation are well suite while we are still evaluating GL Account Reconciliations and other solutions available via the Solution Exchange. Overall, we believe OneStream is going to allow us to "get out of excel" and perform Global Consolidation in the system
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Wolters Kluwer
Wolters Kluwer OneSumX is a perfect fit for almost all financial risk management needs. More to running financial risk analytics to help you keep an eye out on any possible financial risk, it offers outstanding functionalities in entire business regulatory analytics and reporting to help you run your business within its regulatory compliance.
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Pros
OneStream Software LLC
  • Consolidation of Group Results across 600 Entities
  • Flexibility of Reporting through Dashboard Reporting Suite and Excel Interface
  • Ability to create Bespoke Models for specific requirements. (Ifrs15/16/BC/DC/Payroll, Covenance Reporting, etc.)
  • Singular Cube for One source of the Truth
  • Customisable Maintenance Platform to facilitate high growth strategy
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Wolters Kluwer
  • It is easy to run various scenario analyses and stress testing on various financial activities in order to get useful metrics about possible financial risks.
  • It allows one to easily and fast process even huge amounts of data thus saving time and resources spent performing these activities.
  • It is flexible and easy to customize in order to fit your working criteria so as to best meet your financial risk management needs.
  • It is easy to have a full review of the entire balance sheet for easy data modelling.
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Cons
OneStream Software LLC
  • Journal copy feature would be good to have
  • The Excel Add in is limited to only one application. Would be good to have the ability to pull from say Dev and Prod so side by side comparisons could be done
  • Better interface to handle metadata changes
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Wolters Kluwer
  • The price of the payment packages is a little bit high and this means it is not suitable for use by small-scaled businesses.
  • It has a wider range of features whose usage needs some time to train and master. This consumes extra resources and time.
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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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Wolters Kluwer
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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Wolters Kluwer
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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Wolters Kluwer
No answers on this topic
Online Training
OneStream Software LLC
onestream offers a range of training. I have attended a number of trainings. During the trainings a vast amount of information is discussed. The trainings also include exercises. The speed of the training is pretty high. When reviewing the training material afterwards, I found that the material is not complete as reference as it relies also very much on the verbal explanation and elaboration.
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Wolters Kluwer
No answers on this topic
Alternatives Considered
OneStream Software LLC
OneStream is the overall clear winner against HFM. There are a few things HFM does better (a couple things in Smart View), but it just doesn't have as much capability. The single, integrated platform that OneStream is provides a massive upgrade from HFM.
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Wolters Kluwer
Everything about Wolters Kluwer OneSumX stands out when compared to other similar products. Talk of its well-organized interface and dashboard, the number and quality of financial risk management features all the way to the quality of the support offered by the support team. Its ease of deployment is another standalone factor.
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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.
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Wolters Kluwer
  • It has helped us to streamline our financial risk management experience such that we are able to detect possible financial risks in good time and deal with them accordingly.
  • It has helped us to generate accurate and transparent regulatory reports that
  • guides us in ensure regulatory compliance is met.
  • It has allowed us to run analyses on our financial processes based on different scenarios in order to detect possible financial risk threats.
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ScreenShots

OneStream Screenshots

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