OneStream Reviews and Ratings

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.

Likelihood to Recommend

While talking with recommendation to colleagues it's good to share the some thoughts which is beneficially to share idea which I like from OneStream and related with other topics. To be a specifically It's very nice dashboard which is help to understand the issue and flows at one place. Talking with integrations so it's supported to connect with multiple systems. It's support with different ERP tools which may be my colleague using different tools for different purpose.

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.

Likelihood to Recommend

OneStream is well-suited for organizations that require a single platform for their financial operations - reporting, planning, reporting, audits, etc., regardless of size.

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.

Likelihood to Recommend

OneStream is, I believe, best in class for Budgeting and Forecasting. Users appreciate the structured approach of inputting their numbers and/or reviewing AI suggestions and then signing off on their workflows. Administrators appreciate being able to oversee a large organization's processes from one seat, especially during Budgeting Season and the Forecast Process.

Use Cases and Deployment Scope

We are an Onestream implementation partner. At our customers, we implement OneStream for streamlining monthly closes, planning, forecasting, and reporting. We are very happy with OneStream as it provides the platform for us to support our customers optimally. OneStream is a fast, reliable, proven, and flexible platform that allows for an optimal configuration for each of our customers.

Likelihood to Recommend

OneStream is well suited to support large organizations with the whole finance function. Ideally, starting with the Actual data but building on that to also include budget, forecast and non-financial information to allow for one single platform containing all data and reports required for the finance function in the organization.

Use Cases and Deployment Scope

We're in the middle of implementing OneStream for Global Financial Close and Consolidation module as well as Task Manager. We're currently consolidating in Excel and OneStream should be able to help us to do this in the system. Next phase would include People Planning and Budgeting/Forecasting. We're still evaluating whether Account Reconciliations is something we would implement.

Likelihood to Recommend

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.

Use Cases and Deployment Scope

OneStream (OS) is used for Statutory, Management and Regulatory reporting. For statutory purposes, the need was identified to be able to produce annual financial statements on a consolidation level. OneStream is used to consolidate company data up to a Holdings level. By completing forms in OneStream information is gathered in the system and this is used to produce the disclosures required for statutory reporting.

For Management reporting actual and budget data is available in the system and reports were designed to have a management view.

For Regulatory reporting on the BA100 and BA120, which uses financial data, the regulatory reports had to correspond to the statutory reports. By using OneStream, one source of data is used for reporting, with no discrepancies between for example profit, total assets and total liabilities on the different reports.

Likelihood to Recommend

OneStream is well suited for statutory reporting purposes. For Management reporting users tend to require more detailed information. User acceptance of the system is very important

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.

Likelihood to Recommend

To me, it is the best planning, forecasting and consolidation tool on the market for large and medium enterprises. For smaller, less complex entites, implementation can be daunting.

Use Cases and Deployment Scope

As a OneStream Diamond Partner, we work with a number of companies who present us with various issues associated with their close or forecast cycles. OneStream gives us the tools to be able to tailor an application and resolve these issues, in some cases expediting their close cycles by automating manual tasks such as a cash flow, consolidation, inter-company, and currency translation.

Likelihood to Recommend

OneStream is best suited as a consolidation application, it brings together TBs from multiple companies and consolidates them with ease. Driver based forecasting is another great use for OneStream as it allows the users to get a jump on keying a forecast based on metrics typically used in Excel models.

Use Cases and Deployment Scope

OneStream is our financial reporting for the Magnet Wire Northa American Business Unit. Forecasting & Budgeting was time consuming. OneStream helped with this streamline.

Likelihood to Recommend

Work flows and being able to go from excel to a cube view. the different ways you have to pull data. One of our issues were it does notwork well is drill down and digging into the data, but most of that is on us as our GL System was not able to get the detailed data that we wanted.

Use Cases and Deployment Scope

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.

Likelihood to Recommend

It is good for detailed planning based on workflow. Functionality was added to determine raw material purchases, which works well with details we already used to calculate inventories.

Reporting can be very flexible when metadata naming convention is consistent.

Metadata organization is not straightforward, new items are always added at the bottom and can't be sorted.