Review of OneStream
March 30, 2024
Review of OneStream
Score 10 out of 10
Vetted Review
Verified User
Overall Satisfaction with OneStream
We use OneStream as our Consolidation tool for collecting our Actuals data from various source ERP systems. We also use an Investment register built into the tool and then also use OneStream for Flash reporting, Annual Plan and quarterly forecasts. We are also considering ESG reporting and expanding our Tax use of the application.
- Consolidation engine is powerful, we have around 500 entities translating from multiple source currencies into a common currency at good speed.
- We leverage the Flash and Quarterly forecast providing users with pre seeded data so they only need to make tweaks rather then filling in a lot of manual forms.
- We use Transaction matching for processing a lot of intercompany matching invoices from the ERP systems which helps end users a lot. Data is fed in from source ERPS and TXM generates the auto matches based on criteria provided.
- We have a custom Tax module which we use to pull in tax entries from the consolidation side and this gives the Tax teams starting position for their tax calculations and enables them to also do a quarterly forecast estimate.
- OneStream has great dashboarding capabilities for a whole range of use cases from charts and graphs, to drill-back data to running even steps that users can execute without having access to the source code/rules in the background!
- Journal copy feature would be good to have
- The Excel Add in is limited to only one application. Would be good to have the ability to pull from say Dev and Prod so side by side comparisons could be done
- Better interface to handle metadata changes
- We have reduced our consolidation time from a day to an hour
- Improved data quality
- Ease of user experience which means positive user feedback
OneStream had a lot more capabilities as an all rounder tool that could leverage Actuals, forecast planning plus the other features like Tax and Transaction matching. OneStream also offer a Marketplace where a lot of bolt on modules are available for free with only some configuration cost to incorporate. The benefit then is a future proof and versatile platform that can be used for a range of teams needs.
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