OneStream

Score8.8 out of 10

70 Reviews and Ratings

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.

Categories & Use Cases

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Screenshot of Product and Customer Profitability

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Screenshot of OneStream Dashboard

Flat file integration
Integration of flat files like text documents and comma separated files
Category average: 8.7
Multi-User Support (named login)
Named model access means that users have access based on name and password.
Category average: 9
Financial data consolidation
Consolidating data from several entities into a single statement using US GAAP, IFRS or other standards.
Category average: 8.3

Excel-based Reporting
Ad hoc or formatted reports using MS Excel.
Category average: 8.4
Drill-down analysis
Drill down analysis is the ability to get to a further level of detail by going deeper into the hierarchy.
Category average: 8.3
Dashboard / Report / Visualization Interactivity on Mobile
In-app dashboard reports and data visualization.
Category average: 7.3

Dipak Ugale View profile

System Integration Consultant in Engineering at JLL (10,001+ employees employees)

Use Cases and Deployment Scope

At my organization OneStream is a essential part of taking financial business decisions. Onestream help us to financial consolidations and plannings. It's help us for reporting purpose as well records and data quality purpose. Onstream help in our organization to take budgeting decisions and forecasting the future plans related financial topics. Onstream helps for Taxation and related transactions. It has great dashboard for analytics financial flows.

Pros

Financial Planning & Analytics.
Financial Data Quality.
Standardize workflow process.
Reporting

Cons

Mobility Capability for use in mobile or other smaller devices.
Due to the standardization initially hard to implement.
Documentation and Training material is very wast and wide.
Costly for smaller companies.

Return on Investment

Reducing the process cost on manual efforts.
Can help to quick decisions.
Risk reduction in financial losses and investments.
Scenario based modeling for market changes.

Usability

Alternatives Considered

Anaplan, Planful, Vena and CCH Tagetik Supply Chain Planning

Other Software Used

Anaplan, Planful, CCH Tagetik Supply Chain Planning, Prophix

Verified User

Director in Information Technology (201-500 employees employees)

Use Cases and Deployment Scope

We use OneStream to consolidate financial reporting and performance management with our subsidiaries from all over the world. We were previously using a legacy application and wanted to replace it with a cloud-based solution that offers easy administration, user management, and reporting features. We use OneStream within our entire organization.

Pros

Financial Reporting
Performance Management
Financial Planning

Cons

Smoother Upgrade process and roll out for users

Return on Investment

Feedback from CFO and the board has been very positive
Finance team users are happy using OneStream compared to the legacy system
Managing access across various subsidiaries have been much easier

Usability

Alternatives Considered

Oracle Hyperion

Other Software Used

Workiva, Adobe Acrobat, Nitro Productivity Suite

Verified User

Manager in Finance and Accounting (1001-5000 employees employees)

Use Cases and Deployment Scope

OneStream is our only financial budgeting and forecasting tool. It replaced a spiderweb of spreadsheets that we used to use for budgeting and forecasting, and has streamlined the process for the business leaders responsible. We are currently migrating to its new "SAIF" functionality as well, to provide us with an AI forecast.

Pros

Workflow Management.
Organization of Data.
Ease of Use for back-end administrators.

Cons

Reporting or Dashboarding.
Unique Terminology - Hard Learning Curve.

Return on Investment

Able to eliminate two headcounts involved in our Budgeting and Forecasting processes.
Reduced errors from spreadsheets in the budgeting process for the board.

Usability

Alternatives Considered

SAP Analytics Cloud

Other Software Used

Tableau Cloud, Tableau Prep, SAP Datasphere

Verified User

Program Manager in Information Technology (10,001+ employees employees)

Use Cases and Deployment Scope

We implemented OneStream's Marketplace solution "Account Reconciliation" 2 years ago. unlike others, our scope of Account reconciliation is not just account-to-substantiation matching, instead, we lead the industry by consolidating the substantiation from the lowest level of the business unit to the top Parent. I would call it an extended version of the Consolidation process. In this process of the build, we have used several Business rules, Transformation rules, custom dimensions, cube view dashboards, SQL editor dashboards etc.,

Pros

Flexibility to meet client's requirements
Transformation Rules
Data connectors
Customized Confirmation Rules

Cons

Dashboards
APIs
Admin Privileges

Most Important Features

Platform
Flexibility to achieve anything
Business Rules
Transformation Rules

Return on Investment

Guided reporting
Workflow based reconciliation
Consolidation

Alternatives Considered

Anaplan and BISP Solutions Oracle EPM Consulting

Other Software Used

Zoom, Tableau Desktop, MicroStrategy Analytics, Microsoft Teams, Microsoft Visual Studio, Snowflake, Zoho Analytics, Microsoft Power BI

John Sylenius

Principal Architect in Finance and Accounting at inlumi (201-500 employees employees)

Use Cases and Deployment Scope

We use OneStream every day, from helping out with our forecasting and planning to solving everyday problems both internally and for several of our clients. As we are a OneStream partner, we also advice our clients in how to best use OneStream for all planning and consolidation needs, as well as help them implement OneStream in their organization.

Pros

Consolidation
AI driven Time series forecasting
Planning and budgeting

Cons

Createing a simple "out-of-the-box" consolidation kit for smaller businesses
Simplifying report building with standard reports
Increase scalability

Return on Investment

Speeds up group consolidation by days every month, increasing controllers ability to focus on more important task
Combined licensinng for consolidation and buget/forecasting in one tool, saving on licenses
Simplified the overall budgeting process

Alternatives Considered

Wolters Kluwer CCH® Tagetik, SAP BPC (Business Planning and Consolidation) and Oracle Hyperion

Other Software Used

Microsoft Excel, Microsoft Power BI, QlikView

Oracle Hyperion (legacy)

Wolters Kluwer CCH® Tagetik

SAP BPC (Business Planning and Consolidation)

OneStream

What is OneStream?

Categories & Use Cases

Media

Key Features

Top Performing Features

Flat file integration

Multi-User Support (named login)

Financial data consolidation

Areas for Improvement

Excel-based Reporting

Drill-down analysis

Dashboard / Report / Visualization Interactivity on Mobile

Reviews

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Use Cases and Deployment Scope

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Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

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Usability

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

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Most Important Features

Return on Investment

Alternatives Considered

Other Software Used

Use Cases and Deployment Scope

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Return on Investment

Alternatives Considered

Other Software Used

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