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OneStream

OneStream

Overview

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…

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Recent Reviews

OneStream Review

8 out of 10
March 30, 2024
Incentivized
We're in the middle of implementing OneStream for Global Financial Close and Consolidation module as well as Task Manager. We're currently …
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The Future of EPM is here!

10 out of 10
March 30, 2024
As a OneStream Diamond Partner, we work with a number of companies who present us with various issues associated with their close or …
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OneStream Rocks

10 out of 10
March 30, 2024
OneStream is our financial reporting for the Magnet Wire Northa American Business Unit. Forecasting & Budgeting was time consuming. …
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OneStream

10 out of 10
March 30, 2024
OneStream has been a complete game changer for our organization. We were able to move away from very large and complicated excel based …
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OneStream Review

10 out of 10
March 29, 2024
OneStream is our global consolidation and budgeting/planning solution. It facilitates a singular environment to enable teams across 50 …
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OneStream Review

10 out of 10
March 29, 2024
I have implemented OneStream for many organizations, some small and some large. I have found OneStream to be highly flexible and the …
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TrustRadius Insights

OneStream is a versatile software solution that has been utilized by multinational electronics manufacturers, allowing them to streamline …
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Awards

Products that are considered exceptional by their customers based on a variety of criteria win TrustRadius awards. Learn more about the types of TrustRadius awards to make the best purchase decision. More about TrustRadius Awards

Popular Features

View all 46 features
  • Financial data consolidation (44)
    9.5
    95%
  • Financial Statement Reporting (44)
    9.2
    92%
  • Management reporting (44)
    9.1
    91%
  • Management Reporting (44)
    8.9
    89%

Reviewer Pros & Cons

View all pros & cons
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Pricing

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N/A
Unavailable

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…

Entry-level set up fee?

  • Setup fee required
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Offerings

  • Free Trial
  • Free/Freemium Version
  • Premium Consulting/Integration Services

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Product Demos

OneStream Live Lifetime Deal and Product Tutorial or Demo ( Christmas New year 2023 Special Offer)

YouTube

Live with OneStream

YouTube

OneStream - A New Way To Share Your Content | OneStream Tutorial | OneStream Demo

YouTube

OneStream Studio Updates

YouTube

OneStream Demo

YouTube

OneStream Live Review & Demo: Live Stream Pre-Recorded Videos on 40+ Platforms [AppSumo Deal]

YouTube
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Features

BI Standard Reporting

Standard reporting means pre-built or canned reports available to users without having to create them.

8.6
Avg 8.0

Ad-hoc Reporting

Ad-Hoc Reports are reports built by the user to meet highly specific requirements.

7.6
Avg 8.3

Report Output and Scheduling

Ability to schedule and manager report output.

8.7
Avg 8.2

Data Discovery and Visualization

Data Discovery and Visualization is the analysis of multiple data sources in a search for patterns and outliers and the ability to represent the data visually.

7.7
Avg 7.6

Access Control and Security

Access control means being able to determine who has access to which data.

8.9
Avg 8.7

Mobile Capabilities

Support for mobile devices like smartphones and tablets.

6.7
Avg 8.0

Budgeting, Planning, and Forecasting

These activities are designed to assist with both data-driven operational, short-term planning and strategic long term planning

8.3
Avg 8.3

Consolidation and Close

Consolidation of data from multiple entities with currency management, reporting and audit trails.

8.9
Avg 8.0

Financial Reporting and Compliance

Financial statements and regulatory filings

8.6
Avg 8.2

Analytics and Reporting

Dashboards and scorecards for KPI monitoring and benchmarking

8.6
Avg 8.0

Integration

Ability to integrate with external applications.

9.1
Avg 8.3
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Product Details

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.

OneStream Features

Budgeting, Planning, and Forecasting Features

  • Supported: Long-term financial planning
  • Supported: Financial budgeting
  • Supported: Forecasting
  • Supported: Scenario modeling
  • Supported: Management reporting

Consolidation and Close Features

  • Supported: Financial data consolidation
  • Supported: Journal entries and reports
  • Supported: Multi-currency management
  • Supported: Intercompany Eliminations
  • Supported: Minority Ownership
  • Supported: Local and consolidated reporting
  • Supported: Detailed Audit Trails

Financial Reporting and Compliance Features

  • Supported: Financial Statement Reporting
  • Supported: Management Reporting
  • Supported: Excel-based Reporting
  • Supported: Automated board and financial reporting

Analytics and Reporting Features

  • Supported: Personalized dashboards
  • Supported: Color-coded scorecards
  • Supported: KPIs
  • Supported: Cost and profitability analysis
  • Supported: Key Performance Indicator setting
  • Supported: Benchmarking with external data

Integration Features

  • Supported: Flat file integration
  • Supported: Excel data integration
  • Supported: Direct links to 3rd-party data sources

BI Standard Reporting Features

  • Supported: Pixel Perfect reports
  • Supported: Customizable dashboards
  • Supported: Report Formatting Templates

Ad-hoc Reporting Features

  • Supported: Drill-down analysis
  • Supported: Formatting capabilities
  • Supported: Predictive modeling
  • Supported: Report sharing and collaboration

Report Output and Scheduling Features

  • Supported: Publish to Web
  • Supported: Publish to PDF
  • Supported: Report Versioning
  • Supported: Report Delivery Scheduling

Data Discovery and Visualization Features

  • Supported: Pre-built visualization formats (heatmaps, scatter plots etc.)
  • Supported: Location Analytics / Geographic Visualization
  • Supported: Predictive Analytics
  • Supported: Support for Machine Learning models

Access Control and Security Features

  • Supported: Multi-User Support (named login)
  • Supported: Role-Based Security Model
  • Supported: Multiple Access Permission Levels (Create, Read, Delete)
  • Supported: Report-Level Access Control
  • Supported: Table-Level Access Control (BI-layer)
  • Supported: Field-Level Access Control (BI-layer)
  • Supported: Single Sign-On (SSO)

Mobile Capabilities Features

  • Supported: Responsive Design for Web Access
  • Supported: Dashboard / Report / Visualization Interactivity on Mobile

Additional Features

  • Supported: Account Reconciliations
  • Supported: Disclosure Management
  • Supported: Transaction Matching
  • Supported: People Planning
  • Supported: Capital Planning
  • Supported: Sales Planning
  • Supported: Profitability Analysis

OneStream Screenshots

Screenshot of OneStream DashboardScreenshot of Profitability AnalysisScreenshot of Product and Customer ProfitabilityScreenshot of Account ReconciliationsScreenshot of Cash PlanningScreenshot of Financial SignalingScreenshot of Task ManagementScreenshot of Predictive Analytics

OneStream Video

OneStream Software | Company Overview

OneStream Technical Details

Deployment TypesOn-premise, Software as a Service (SaaS), Cloud, or Web-Based
Operating SystemsWindows
Mobile ApplicationApple iOS, Android, Windows Phone, Blackberry, Mobile Web
Supported CountriesAmericas, EMEA, South Africa, APAC

Frequently Asked Questions

Reviewers rate Flat file integration highest, with a score of 9.7.

The most common users of OneStream are from Enterprises (1,001+ employees).

OneStream Customer Size Distribution

Consumers0%
Small Businesses (1-50 employees)0%
Mid-Size Companies (51-500 employees)0%
Enterprises (more than 500 employees)100%
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Comparisons

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Reviews and Ratings

(70)

Community Insights

TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!

OneStream is a versatile software solution that has been utilized by multinational electronics manufacturers, allowing them to streamline their Balance Sheet Accounts Reconciliation Process. With over 1500 users and 50,000 accounts, OneStream has effectively addressed the challenges associated with the previous manual approach, including disintegrated processes, lack of standardization, and a consolidated list of action items. This software also serves as a budgeting and forecasting solution, enabling better tracking of utilization, billing rates, customer work, and financial impact. By loading data weekly and providing clear visualization of time allocation across customers and resources, OneStream facilitates informed decision-making and analysis capabilities for senior management through monthly reports. The software's continuous improvement through regular feature updates sets it apart from competitors in terms of functionality. CEOs and executives find OneStream valuable in gaining a comprehensive understanding of various fields such as accounting, sales, and collections, leading to quicker and more efficient decision-making. Moreover, OneStream's versatility extends beyond finance and accounting departments with its detailed reporting capabilities that cater to operational needs while also offering marketplace solutions for other business problems. With its scalability and ability to handle growth, OneStream proves to be an invaluable tool for companies of varying sizes and industries including manufacturing, oil & gas, healthcare, and retail. By reducing cycle times and serving as a single source of truth for financial planning and people planning, it saves customers time and money on a monthly basis.

Time-saving Account Reconciliation: Several users have found OneStream's Account Reconciliation solution to be a significant time-saver compared to navigating through spreadsheets. They appreciate being able to see an overview of their reconciliations, which allows them to consolidate data from integrated source systems at a detailed transactional level.

Native Dashboarding Capabilities: Users are impressed by the native dashboarding capabilities of OneStream. They are able to replace their standalone BI tool with dashboards within the platform, streamlining their reporting and providing them with great reports and visualizations.

Easy Data Integration: Many users highlight the easy data integration capabilities of OneStream. They find it convenient to import data from simple CSV files to more complex data sources using API, SQL, etc., making it seamless to bring in data from multiple sources.

Confusing User Interface: Some users have found that the user interface of OneStream is not intuitive, resulting in difficulty learning and using the software effectively. The lack of clear navigation or organization within the interface has been a common complaint among users.

Reliance on Microsoft Technology: Several reviewers have expressed frustration with OneStream's reliance on Microsoft technology. They have encountered compatibility issues with different versions of Microsoft products and limitations imposed by specific browsers, which hindered their overall experience with the software.

Lack of Keyboard Shortcuts: Many users have highlighted a significant drawback regarding OneStream's lack of keyboard shortcuts. This absence slows down their workflow considerably as they are unable to quickly execute commands or perform actions through efficient key combinations. Users believe that incorporating keyboard shortcuts would greatly enhance their productivity while using the software.

When considering the desired scope of functionality, users recommend engaging an implementation consultant and contacting peers on the client reference list for further assistance. Users find the software to be a great tool and are proud of their decision to use it. They advise utilizing the available tutorials for additional support and recommend taking the time to thoroughly analyze all aspects of the software. It is also recommended to settle internal discussions before starting the implementation process. Users find OneStream XF targeted towards finance professionals and highlight the importance of exploring the OneStream XF marketplace for additional solutions. The software is described as a fast and reliable platform that provides agility and flexibility for obtaining homogeneous information. Users find OneStream XF to be an incredible tool that can save time for consolidations, financial reporting, planning, and more. To ensure proper setup and organization of the application, it is suggested to use OneStream personnel and service providers during the initial design and implementation.

Attribute Ratings

Reviews

(1-1 of 1)
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Score 9 out of 10
Vetted Review
Verified User
Incentivized
OneStream is used as a CPM platform for consolidation, budgeting, disclosure, IFRS reporting, cash flow and other reporting needs. It has been valuable in reducing our reporting time. Our prior application could not handle our growth in size and OneStream has proven to well suite to handle the size and growth of our company. Because OneStream is a platform, it is not only used by our finance department for consolidation, but also by Tax, HR and we are looking into expanding the new use cases like ESG, Pillar 2 etc.
  • Financial Consolidation
  • Calculations using business rules
  • Workflow
  • Reporting and disclosures
  • Data Interfaces
  • Audit trail
  • More/better excel functionalities
  • Better helpdesk support
  • Visualisation (e.g. graphs, charts)
  • Reporting layouts
OneStream is well suited for larger companies who are looking for a platform not only for consolidations but also for a other reporting purposes, for instance, planning, esg, etcetera. As it is a platform with wide range of possibilities, this has also implications on the support. Therefore it is better suited for companies who can ensure they have access to sufficient support, internal or external. For simple reporting OneStream may be to heavy of a package.
  • platform that allows for customizations
  • Workflow
  • Data integration with different systems
  • Consolidation
  • customizability
  • audit trail
Budgeting, Planning, and Forecasting (5)
88%
8.8
Long-term financial planning
90%
9.0
Financial budgeting
90%
9.0
Forecasting
80%
8.0
Scenario modeling
90%
9.0
Management reporting
90%
9.0
Consolidation and Close (7)
91.42857142857142%
9.1
Financial data consolidation
100%
10.0
Journal entries and reports
90%
9.0
Multi-currency management
90%
9.0
Intercompany Eliminations
90%
9.0
Minority Ownership
90%
9.0
Local and consolidated reporting
90%
9.0
Detailed Audit Trails
90%
9.0
Financial Reporting and Compliance (4)
87.5%
8.8
Financial Statement Reporting
100%
10.0
Management Reporting
100%
10.0
Excel-based Reporting
80%
8.0
Automated board and financial reporting
70%
7.0
Analytics and Reporting (6)
78.33333333333333%
7.8
Personalized dashboards
70%
7.0
Color-coded scorecards
70%
7.0
KPIs
90%
9.0
Cost and profitability analysis
80%
8.0
Key Performance Indicator setting
90%
9.0
Benchmarking with external data
70%
7.0
Integration (3)
90%
9.0
Flat file integration
90%
9.0
Excel data integration
90%
9.0
Direct links to 3rd-party data sources
90%
9.0
BI Standard Reporting (3)
N/A
N/A
Pixel Perfect reports
N/A
N/A
Customizable dashboards
N/A
N/A
Report Formatting Templates
N/A
N/A
Ad-hoc Reporting (3)
66.66666666666667%
6.7
Drill-down analysis
70%
7.0
Formatting capabilities
70%
7.0
Report sharing and collaboration
60%
6.0
Report Output and Scheduling (4)
65%
6.5
Publish to Web
70%
7.0
Publish to PDF
80%
8.0
Report Versioning
50%
5.0
Report Delivery Scheduling
60%
6.0
Data Discovery and Visualization (3)
40%
4.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
60%
6.0
Location Analytics / Geographic Visualization
60%
6.0
Predictive Analytics
N/A
N/A
Access Control and Security (5)
76%
7.6
Multi-User Support (named login)
90%
9.0
Role-Based Security Model
70%
7.0
Multiple Access Permission Levels (Create, Read, Delete)
80%
8.0
Report-Level Access Control
60%
6.0
Single Sign-On (SSO)
80%
8.0
Mobile Capabilities (2)
N/A
N/A
Responsive Design for Web Access
N/A
N/A
Dashboard / Report / Visualization Interactivity on Mobile
N/A
N/A
  • Reduced time in reporting by 20%
  • Ability to consolidate large number of companies
  • Less staff needed for month end process
  • Overall better users experience, less frustrations
  • Monthly costs of Onestream
  • SAP BPC (Business Planning and Consolidation) and Oracle Hyperion Enterprise Performance Management
OneStream is still being further developed and improved. Their marketplace provides some nice pre-built solutions. These are not as common with competitors. OneStream has a helpdesk that customers can reach out to instead of going through a middle man like consultants or implementation partners. The OneStream support could be improved on some areas though, but nonetheless at least there is support you can reach out to. There cases that tickets lead to bug fixes, that shows that the support does take issues reported by customers seriously.
Microsoft Excel, SQL Server Management Studio (SSMS), Influitive, DeepL
Finance and business controll
1
People who can bridge the gap between finance and IT
  • budgetting
  • consolidation
  • cash flow
  • IFRS 6 reporting
  • ESG reporting
We are very content with its performance and do not see any competitors that reaches its level.
No
  • Scalability
  • Integration with Other Systems
  • Ease of Use
As our organization was growing and manual consolidation was inefficient and error prone, we were looking for a solution. The solution needed to be well suited to support the size and growth of the organization, the amount of data, the number of users, and different systems to be integrated with and ensuring good performance on the longer term.
We are more than satisfied with the product. On the implementation side, we would have put more focus on the implementation partner. At the time OneStream was relatively new on the market. Consultants were not seasoned yet. The more we get experienced with OneStream the more we see how the implemenation could have been done in a better way.
  • Third-party professional services
Agium
  • We implemented when Onestream was a new solution and it was the implementation partners first Onestream implementation.
  • Online Training
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.
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.
We have standard support. We are not aware of any difference in support levels that could be purchased.
Yes
I have reported issues, which OneStream recognized as bugs. They confirm these are bugs but cannot tell when the bug fix will be released and they do not send a personal message to the reporter. The bug fix is supposed to be part of a version release. I will need to keep an eye on version upgrades and try to understand whether fixed relate to the bugs I reported.
For a new development we needed a windows extension to be installed on the server. As it was not clear which version OS was on, and what is installed on the server, it took quite some back and forth before all necessary files were installed. This took some patience and support from OneStream.
As Onestream is a platform solution, the usability is wide ranged. Onestream allows it to be customized for many usages. In Onestream business rules can be written, customized data tables can be created in SQL, data connection can be made to different external sources, on top there are market places and solution places are available that contain templates and pre-made solutions that help users getting started as well.
  • Consolidation
  • Planning
  • Report building
  • complex business rules
  • recurring journals
No
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