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OneStream is CPM platform with a wide range of possibilities
Updated March 17, 2024

OneStream is CPM platform with a wide range of possibilities

Anonymous | TrustRadius Reviewer
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

Microsoft Excel, SQL Server Management Studio (SSMS), Influitive, DeepL
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.

OneStream Feature Ratings

8.8
Long-term financial planning
9
Financial budgeting
9
Forecasting
8
Scenario modeling
9
Management reporting
9
9.1
Financial data consolidation
10
Journal entries and reports
9
Multi-currency management
9
Intercompany Eliminations
9
Minority Ownership
9
Local and consolidated reporting
9
Detailed Audit Trails
9
8.8
Financial Statement Reporting
10
Management Reporting
10
Excel-based Reporting
8
Automated board and financial reporting
7
7.8
Personalized dashboards
7
Color-coded scorecards
7
KPIs
9
Cost and profitability analysis
8
Key Performance Indicator setting
9
Benchmarking with external data
7
9.0
Flat file integration
9
Excel data integration
9
Direct links to 3rd-party data sources
9
Not Rated
Pixel Perfect reports
Not Rated
Customizable dashboards
Not Rated
Report Formatting Templates
Not Rated
6.7
Drill-down analysis
7
Formatting capabilities
7
Report sharing and collaboration
6
6.5
Publish to Web
7
Publish to PDF
8
Report Versioning
5
Report Delivery Scheduling
6
6.0
Pre-built visualization formats (heatmaps, scatter plots etc.)
6
Location Analytics / Geographic Visualization
6
Predictive Analytics
Not Rated
7.6
Multi-User Support (named login)
9
Role-Based Security Model
7
Multiple Access Permission Levels (Create, Read, Delete)
8
Report-Level Access Control
6
Single Sign-On (SSO)
8
Not Rated
Responsive Design for Web Access
Not Rated
Dashboard / Report / Visualization Interactivity on Mobile
Not Rated

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
We are very content with its performance and do not see any competitors that reaches its level.

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

  • 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

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.
ProsCons
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

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.
ProsCons
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