OneStream is CPM platform with a wide range of possibilities
Updated March 17, 2024
OneStream is CPM platform with a wide range of possibilities
Score 9 out of 10
Vetted Review
Verified User
Overall Satisfaction with OneStream
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
- platform that allows for customizations
- Workflow
- Data integration with different systems
- Consolidation
- customizability
- audit trail
- 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.
Do you think OneStream delivers good value for the price?
Yes
Are you happy with OneStream's feature set?
Yes
Did OneStream live up to sales and marketing promises?
Yes
Did implementation of OneStream go as expected?
Yes
Would you buy OneStream again?
Yes
OneStream Feature Ratings
Using OneStream
Finance and business controll
1 - People who can bridge the gap between finance and IT
- budgetting
- consolidation
- cash flow
- IFRS 6 reporting
- ESG reporting
Evaluating OneStream and Competitors
- 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.
OneStream Implementation
- Third-party professional services
Agium
- We implemented when Onestream was a new solution and it was the implementation partners first Onestream implementation.
OneStream Training
OneStream Support
Pros | Cons |
---|---|
Good followup Problems get solved Quick Initial Response | Less knowledgeable Not kept informed Need to explain problems multiple times |
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.
Using OneStream
Pros | Cons |
---|---|
Like to use Easy to use Technical support not required Well integrated Consistent Quick to learn Convenient Feel confident using Familiar | None |
- Consolidation
- Planning
- Report building
- complex business rules
- recurring journals