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OneStream

Score8.8 out of 10

73 Reviews and Ratings

What is OneStream?

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 Digital Finance Cloud unifies key financial and operational data and processes, embeds AI for faster and better planning and forecasting, and is extensible so customers can add new utility and achieve more value as their business needs evolve.

OneStream is an independent software company backed by private equity investors KKR, Tidemark, Partners Fund Capital and Alkeon Capital Management. Their operating system for modern Finance digitizes core financial functions to empower the CFO to become a critical driver of business strategy.

Media

OneStream Dashboard
Profitability Analysis
Product and Customer Profitability
Account Reconciliations
Cash Planning
Financial Signaling
Task Management
Predictive Analytics

1 / 8

Top Performing Features

  • Long-term financial planning

    3-5 year financial plan with cashflow.

    Category average: 8.7

  • Multi-User Support (named login)

    Named model access means that users have access based on name and password.

    Category average: 8.6

  • Role-Based Security Model

    Role-based access means that access to data is determined by job or position in the corporation.

    Category average: 8.7

Areas for Improvement

  • Pre-built visualization formats (heatmaps, scatter plots etc.)

    Pre-built visualization formats are canned visualization types that can be selected to visualize different kinds of data.

    Category average: 7.8

  • Location Analytics / Geographic Visualization

    Location analytics is the visualization of geographical or spatial data.

    Category average: 7.6

  • Dashboard / Report / Visualization Interactivity on Mobile

    In-app dashboard reports and data visualization.

    Category average: 6.8

Real use cases of OneStream at fortune 500

Use Cases and Deployment Scope

At my organization OneStream is a essential part of taking financial business decisions. Onestream help us to financial consolidations and plannings. It's help us for reporting purpose as well records and data quality purpose. Onstream help in our organization to take budgeting decisions and forecasting the future plans related financial topics. Onstream helps for Taxation and related transactions. It has great dashboard for analytics financial flows.

Pros

  • Financial Planning & Analytics.
  • Financial Data Quality.
  • Standardize workflow process.
  • Reporting

Cons

  • Mobility Capability for use in mobile or other smaller devices.
  • Due to the standardization initially hard to implement.
  • Documentation and Training material is very wast and wide.
  • Costly for smaller companies.

Return on Investment

  • Reducing the process cost on manual efforts.
  • Can help to quick decisions.
  • Risk reduction in financial losses and investments.
  • Scenario based modeling for market changes.

Usability

Alternatives Considered

Anaplan, Planful, Vena and CCH Tagetik Supply Chain Planning

Other Software Used

Anaplan, Planful, CCH Tagetik Supply Chain Planning, Prophix

Robust tool for financial reporting planning and performance management

Use Cases and Deployment Scope

We use OneStream to consolidate financial reporting and performance management with our subsidiaries from all over the world. We were previously using a legacy application and wanted to replace it with a cloud-based solution that offers easy administration, user management, and reporting features. We use OneStream within our entire organization.

Pros

  • Financial Reporting
  • Performance Management
  • Financial Planning

Cons

  • Smoother Upgrade process and roll out for users

Return on Investment

  • Feedback from CFO and the board has been very positive
  • Finance team users are happy using OneStream compared to the legacy system
  • Managing access across various subsidiaries have been much easier

Usability

Alternatives Considered

Oracle Hyperion

Other Software Used

Workiva, Adobe Acrobat, Nitro Productivity Suite

OneStream Replaced Excel Budgets.

Use Cases and Deployment Scope

OneStream is our only financial budgeting and forecasting tool. It replaced a spiderweb of spreadsheets that we used to use for budgeting and forecasting, and has streamlined the process for the business leaders responsible. We are currently migrating to its new "SAIF" functionality as well, to provide us with an AI forecast.

Pros

  • Workflow Management.
  • Organization of Data.
  • Ease of Use for back-end administrators.

Cons

  • Reporting or Dashboarding.
  • Unique Terminology - Hard Learning Curve.

Return on Investment

  • Able to eliminate two headcounts involved in our Budgeting and Forecasting processes.
  • Reduced errors from spreadsheets in the budgeting process for the board.

Usability

Alternatives Considered

SAP Analytics Cloud

Other Software Used

Tableau Cloud, Tableau Prep, SAP Datasphere

One-Stop Solution for all your reporting requirements

Use Cases and Deployment Scope

We implemented OneStream's Marketplace solution "Account Reconciliation" 2 years ago. unlike others, our scope of Account reconciliation is not just account-to-substantiation matching, instead, we lead the industry by consolidating the substantiation from the lowest level of the business unit to the top Parent. I would call it an extended version of the Consolidation process. In this process of the build, we have used several Business rules, Transformation rules, custom dimensions, cube view dashboards, SQL editor dashboards etc.,

Pros

  • Flexibility to meet client's requirements
  • Transformation Rules
  • Data connectors
  • Customized Confirmation Rules

Cons

  • Dashboards
  • APIs
  • Admin Privileges

Most Important Features

  • Platform
  • Flexibility to achieve anything
  • Business Rules
  • Transformation Rules

Return on Investment

  • Guided reporting
  • Workflow based reconciliation
  • Consolidation

Alternatives Considered

Anaplan and BISP Solutions Oracle EPM Consulting

Other Software Used

Zoom, Tableau Desktop, MicroStrategy Analytics, Microsoft Teams, Microsoft Visual Studio, Snowflake, Zoho Analytics, Microsoft Power BI

How OneStream can solve your Consolidation and Foreasting needs

Use Cases and Deployment Scope

We use OneStream every day, from helping out with our forecasting and planning to solving everyday problems both internally and for several of our clients. As we are a OneStream partner, we also advice our clients in how to best use OneStream for all planning and consolidation needs, as well as help them implement OneStream in their organization.

Pros

  • Consolidation
  • AI driven Time series forecasting
  • Planning and budgeting

Cons

  • Createing a simple "out-of-the-box" consolidation kit for smaller businesses
  • Simplifying report building with standard reports
  • Increase scalability

Return on Investment

  • Speeds up group consolidation by days every month, increasing controllers ability to focus on more important task
  • Combined licensinng for consolidation and buget/forecasting in one tool, saving on licenses
  • Simplified the overall budgeting process

Alternatives Considered

Wolters Kluwer CCH® Tagetik, SAP BPC (Business Planning and Consolidation) and Oracle Hyperion

Other Software Used

Microsoft Excel, Microsoft Power BI, QlikView