Item: OneStream
Rating: 9
Author: Nicolas ARGENTE

Use Cases and Deployment Scope

Because OneStream is a platform, it can address many different business problems like budgeting, planning, and forecasting. There are more than 50 marketplace solutions (it is like an AppStore in OneStream) that you can download and install for free (people planning, cash planning), which means that the whole organization can actually use this solution!!

Pros and Cons

Consolidation
OneStream can be on premises or in the cloud.
Strong links with Microsoft Office through add-ins.

Difficult to choose the best options for a solution as there are so many solutions for a single problem (and it starts with "on-premises" or "in the cloud").

Alternatives Considered

SAP BPC (Business Planning and Consolidation)

OneStream is the way to go as it is a modern solution with unique features: The extensible dimensionality. These features will make your reporting easier because the level of granularity is not a puzzle/issue anymore. You can report different account granularity for your budget vs your actuals vs forecasts. This feature is unique to OneStream and to the CPM world! Also, OneStream is empowered with Microsoft technologies. Think Azure, MSSQL, VBdotNet, and IIS. That makes 2 leaders of technological industries working together.
Another positive aspect of OS is that compared to other systems, even the update on-premises is simple: You only need to back up MSSQL databases and the app folders associated with it. No risks anymore and it's trouble-free for your IT!

Key Insights

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

Other Software Used

Microsoft Office 2016 (discontinued)

Likelihood to Recommend

When you need a central tool for multiple solutions, OneStream is your choice. OneStream is your software for consolidation, budgeting, and planning, but also for other specific solutions like IFRS16, capital planning, people planning, and cash planning. Regarding the maintenance, it is also an easy solution as OneStream is now offering a full SaaS package. By using this SaaS solution, OneStream will adapt automatically to your needs—you might need more power in the first days of the month! As with any software that can offer tailor-made solutions, the main drawback is the planning of its conception. It is strongly recommended to have a detailed design for all your project phases.

OneStream: Leaving the dream!

Overall Satisfaction with OneStream XF