As a corporate accounting firm, you have probably heard of (or worked with) OneStream’s financial software systems. A project with the aim of changing the world of corporate finance once more. This initiative developed into the EPM platform we know today as OneStream Software, which is the first and only solution to deliver corporate standards and controls while also allowing business units to report and plan at greater levels of detail without the arrangement of corporate standards. Thus, Onestream Software LLC’s partners and competitors enable your team to focus on increasing company performance rather than data integration and system maintenance. Read on to learn about the reviews left by OneStream software users.
Overview
OneStream Software LLC provides a market-leading intelligent finance platform that reduces complexity and makes it easier to do financial consolidation, reporting, budgeting, planning, and operating analytics, whether on-premise or in the cloud. The people who developed OneStream are the ones who made Oracle Hyperion HFM and FDM. In addition to that, with one platform and one model, OneStream removes the need to learn, integrate, and manage multiple modules, silos, and applications.
Thus, OneStream is a platform that helps organizations modernize finance, reduce complexity, and simplify and align consolidation, planning, reporting, and data quality processes across the enterprise. To get more out of their investments through a marketplace of pre-built solutions and the ability to make their own.
Benefits Of OneStream Software
OneStream Software LLC enables Finance and IT professionals to get back to business with key benefits that include:
- Powerful financial consolidation, reporting, budgeting, forecasting, planning, and data quality management
- Flexible platform for collecting Profitability and Cost, Daily/Weekly and weekly key sales data, Account Reconciliations, Workforce Planning, Debt Schedules, etc.
- A guided workflow makes learning easier for different end-user groups.
- Ability to review and restore source data
- Complete process transparency, compliance audit records, and drill-back into ERP and subsystems
- Extensible Dimensionality permits business groups to operate alone while adhering to corporate controls in one application.
- MarketPlace is a consumer self-service solution centre with full-functioning tools like Account Reconciliations taxable planning, etc.
- OneStream offers multiple-currency support, allowing businesses to record their financial transactions in various currencies.
- The solution helps businesses gain insight into various project operations and increase business agility by tracking changes immediately.
- Businesses can combine strict corporate control for financial reporting and auditing purposes.
- OneStream helps businesses budget, plan, and forecast for the effective execution of financial resources.
- OneStream offers seamless integration with any open-source software, including SAP, for simplified data flow among various IT applications.
Onestream Software LLC
The professionals at OneStream Software, LLC, create innovative solutions for businesses. The company offers solutions for managing corporate performance, budgeting, forecasting, reporting, analyzing, and reconciling financial records. OneStream Software has clients all across the globe. Also, Corporate Performance Management (CPM) software development with the goal of simplifying business operations
Additionally, to facilitate the deployment of additional analytic solutions, LLC Onestream Software unifies and simplifies financial planning, budgeting, forecasting, reporting, analysis, and financial data quality. This helps users reduce the risk and issues of data integration, validation, and reconciliation across multiple products, applications, or modules, as well as the total cost of ownership and upgrades.
Services Offered By Onestream Software LLC
Below are a few of the products and services Onestream Software LLC offers,
- Accounting
- Budgeting
- Enterprise Resource Planning/Implementation
- Financial Management Systems
- Financial Reporting
- Systems Analysis Services
Onestream Partners
When it comes to financial closing, planning, and reporting, many businesses still use antiquated spreadsheets, incompatible platforms, and labor-intensive manual processes that squander valuable time and resources. I am very sure you all are aware of this, but it just doesn’t add up. So, it’s time to update your operations with the help of any of the Onestream partners we’ll be explaining extensively below.
Onestream Partners: Characteristics
To find the best OneStream implementation partners to meet your CPM goal, you should think about three key features.
#1. A Track Record of Success
An implementation partner with a history of success is the best sign that your team is in good hands.
#2. A solid Commitment to OneStream Software
For OneStream to continue to be the industry leader in CPM/EPM systems, implementation partners need to put all of their efforts into building their skills around OneStream implementation. This means, implementation partners shouldn’t have one foot in OneStream and the other in competitor software anymore, since OneStream has clearly separated itself in the market.
#3. A skilled, knowledgeable, and Experienced team
When assigning a team to a project, make sure they are very methodical about matching the right skills, structure, and personal traits to your organization’s needs. So, when you do your research on implementation partners, take some time to evaluate the possible consultants who will help your customer with implementation.
Onestream Partners: Examples
Below are examples of well-known partners with Onestream you can choose from,
#1. Finit
Early in 2021, Finit stated that the company had more than 100 OneStream Software clients. With a long history of working with OneStream and this new achievement, Finit remains the industry’s top OneStream Software Diamond-level partner.
Additionally, Finit now has more than 115 OneStream clients and has done more than 350 OneStream projects! To get to the OneStream Software Diamond Partner level, consulting companies must have 25 live OneStream projects. This means Finit has done more than 350 OneStream projects, which is “14 times” the minimum number needed for Diamond level and the most OneStream projects done by any consulting team in the world.
#2. MindStream Analytics
MindStream Analytics is a full-service OneStream CPM consulting organization. Their experts have improved operational and financial management. What’s more, MindStream offers over 20 years of experience in Analytics and Performance Management. Training, software selection, and financial planning and reporting best practices are their services.
Additionally, as a OneStream Diamond Partner, MindStream Analytics has developed a unique method to assist you in installing OneStream Software efficiently using best practices for financial planning and reporting. As one of the few Diamond partners, OneStream appreciates MindStream’s dedication to aligning with its strategic aim and continuing to deliver value to the clients it shares.
#3. Perficient
The first-ever unified CPM solution is Microsoft’s stack-based OneStream. In order to help you become data-driven, OneStream combines financial closing, planning, and reporting into one. A OneStream consulting partner, Perficient, can help you exploit this revolutionary technology. Additionally, they are a OneStream Diamond Partner with 20+ years of CPM implementation experience. Second-time Microsoft National Solution Provider Partner of the Year and authorized OneStream Training Provider. They create projects and implement OneStream processes for healthcare, financial services, consumer goods, energy, and automotive:
#4. HollandParker
Even if you have the best technology and processes in the world, you still need the right people who understand your goal and can carry it out well. Hence, the functional and technical experts at HollandParker apply industry best practices to your processes to help you get the most out of your investment. They also use a tried-and-true implementation method to make sure they deliver on time and on budget. This is what makes them distinctive as a OneStream partner.
Typically, as one of the largest, most experienced, and most referenceable global OneStream Implementation Partners, you can have confidence in HollandParker’s proven ability to deliver on your short-term and long-term goals while maximizing your investment in the platform.
#5. Riveron
To reduce the amount of time spent on redesign and revision as the company develops, it is essential to lay a solid foundation for optimizing the OneStream platform. Riveron’s hands-on approach decides how best to enable OneStream to provide the maximum return on your investment, whether you’re replacing an outgrown Excel-based consolidation and financial planning process, migrating from an obsolete technology, or having an underperforming deployment.
They make sure everything goes as smoothly as possible as your OneStream implementation partner. In its capacity as a diamond partner for OneStream, Riveron offers the following implementation support services:
- Multi-currency/GAAP
- Dashboards and guided reporting
- Budgeting annually and rolling forecasts
- Predictive analytics
- Reporting extensible Microsoft Office documents
- Provisioning tax
Onestream Software Competitors
OneStream is a complete corporate performance management (CPM) tool that helps businesses improve the way they run and handle their finances. OneStream’s best features are its planning and forecasting, account reconciliation, and treasury management tools. But those are everywhere these days. That is to say, some companies prefer better automation functions, faster speeds, and easier implementation. Below, we will discuss the best OneStream software competitors to help you boost your financial and corporate performance management methods.
Onestream Software Competitors: Examples
We have compiled a list of examples that users choose as the best overall competitors to OneStream software based on reviews, including,
#1. Workiva
Useful features include version history, blacklines, and user permissions. Workiva allows you to schedule and copy tests year-round. In addition, their collaboration options like comments, tracking changes, and reviews are straightforward and comparable to Google Docs, making them incredibly useful. It automatically saves paperwork in case you forget and a power outage occurs. Automation reduces manual input errors. User-friendly SEC filing method Workiva gets real-time updates from several users without slowing down or crashing.”
#2. IBM Planning Analytics
IBM Planning Analytics is a competitor to Onestream software in the business intelligence and performance management arena, offering similar tools for analytics, planning, and forecasting, as well as financial reporting. It is based on the IBM Cognos Analytics platform and aids businesses in their budgeting and planning endeavors.
#3. BlackLine
BlackLine is a competitor to Onestream in the accounting and finance industries. Like Onestream, it allows users to keep track of journals, automate reconciliations, conduct account analyses, manage workflows and audit trails, and generate reports. Also, data visualization, predictive analytics, and tight automation are all examples of analytical capabilities that help users spot mistakes. In addition, the software offers an audit trail for transactions, which guarantees conformity with internal auditing standards.
#4. Vena Solutions
Vena Solutions automates budgeting, forecasting, cash flow planning, financial close, and incentive compensation. It supports cloud and on-premise systems for huge companies. The software also features a web-based interface and a multi-user document-based collaborative workspace. This means Vena Solutions is best for middle-market and small firms.
#5. Anaplan
Organizations can work on huge models with Anaplan’s HyperBlock finance software. Anaplan facilitates cross-functional team planning. It also offers broad planning, real-time modeling and calculating, and application cataloging features like,
- Built-in platform: Organizations can create or change planning apps.
- Centralized Hub: Centralizes all company software.
- Allows distributed corporate planning collaboration.
- Users can customize reports and dashboards from templates.
Onestream Software Reviews
Based on many customer reviews on known software review sites, OneStream software has received very high ratings. In general, most customers like the value they get for their money, which is a good Return On Investment (ROI). Also, the software’s features, especially its strong financial consolidation and reporting capabilities, have been praised for helping to streamline the planning process.
OneStream software has also gotten good reviews for its easy-to-use interface, which users have pointed out. In the same way, the fact that OneStream software has hundreds of online reviews with an average score of 4.5 out of 5 is a strong sign that it works.
Onestream Software Reviews: Examples
Below are examples of reviews from several Onestream software users all over the world,
Example 1
“Customer support was fantastic. We identified a number of enhancement opportunities and submitted cases to OneStream, They reviewed our feedback and incorporated it into the platform within 3 months.”
Example 2
“They are a fantastic company to work with, always looking for the best solution for their customers.”
Example 3
“A Single Source of Truth for CPM”
Example 4
“OneStream is quite updated compared with BPC. It has instant updates, and it has more features like quick view, cube view, dashboards, BI, and a task scheduler. It’s good for businesses to use it with a wide range of options to make their business decisions quickly. OneStream has some background but is still good to use as of now. OneStream will be a future application in all companies.”
Example 5
“The things that we wanted in a consolidation platform are ease of use, a company that takes initiative to update the product, and something that will help with our consolidation/reporting. OneStream solves all these problems, and we are very happy with our investment in OneStream.”
Who is the CEO of OneStream Software?
Tom Shea is the original founder of OneStream Software
How Much Does it cost to implement OneStream?
They are as follows:
- Basic Plan: $10.00Per Month
- Standard Plan: $39.00Per Month
- Professional Plan: $79.00 per month
What coding language does OneStream use?
It is VB.Net and C#
What Type of System is OneStream?
OneStream is a Performance Management solution
What Network Does OneStream Use?
It uses BT’s Openreach network to deliver its internet service.
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