Overview
Product Information on OneStream Platform
What is OneStream Platform?
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Overall experience with OneStream Platform
“One of our best business decions made”
“Product Implementation Failure: Grappling with Persistent Issues”
About Company
Company Description
OneStream is how today’s Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It’s the enterprise finance platform that unifies all your financial and operational data, embeds AI for better decisions and productivity, and can extend to meet the evolving needs of your business, without adding technical debt. Our vision is to be the operating system for modern Finance, unifying core financial functions and empowering the CFO to become a critical driver of business strategy, innovation, and growth. We deliver a comprehensive cloud-based platform designed to modernize the Office of the CFO. Our Digital Finance Cloud unifies key financial and operational data and processes, embeds AI for faster and better planning and forecasting, and is infinitely extensible so customers can add new utility and achieve more value as their business needs evolve.
Company Details
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User Sentiment About OneStream Platform
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Performance of OneStream Platform Across Market Features
OneStream Platform Likes & Dislikes
The unified platform approach is OneStreams greatest strength. Instead of cobbling data together from multiple systems with different dimensionality and constant reconciliation, headaches and everything. Consolidations, planning, reporting, account reconciliations live in one environment. This has saved us tremondous time on data synchronization and eliminated the dual maintencance nightmare we experienced with our previous setup. The flexibility is remarkable. OneStream adapts to complex business requirements rather than focusing on rigid templates. Dashboard customizations are intuitive, and the ability to edit views according to specific needs makes it invaluable for different stakeholder groups. The real-time insights have genuinely improved our decision- making capabilities during monthly close and forecasting cycles. Data integration capabilities are outstanding. Weve connected OneStream seamlessly with our ERP systems and the real-time data synchronization ensure consistency across all financial processes. The intercompany reconciliation process is significantly simpler to our old setup- what used to take days now takes only hours.
What its potential is if and when implemented correctly
1. Flexibility 2. General architecture of Cubes 3. Dynamic - can grow and add on as the business grows
Deployment complexity is a recurring thing. Highly customized implementations can be time-consuming and ressource-intensive. Sucess depends heavily on choosing the right implementation partner.
Currently the data does not foot for any of our financial statements Cannot drill down into the data due to the fact that the implementation did not bring in all of the GL detail, incomplete No one has offered a solution or partnered with us to fix the issues, it was just left as is. No training was given and no interim or ongoing testing or fixing of the issues as they heard of our problems. Instead they just told us we had to do it form the beginning. Bad customer service
You must hire a OneStream business partner (i.e. expert consulting firm) to architect this ERP holistically.
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OneStream Platform Reviews and Ratings
- ACCOUNTANT50M-1B USDManufacturingReview Source
One of our best business decions made
After one year of using OneStream for financial consolidation, budgeting and reporting, I can confidently say its been one of the best business decision our finance department has made. The transition improved our operational efficiency and data accuracy. - Director of FP&A50M-1B USDMiscellaneousReview Source
OneStream is a flexible and dynamic ERP tool!
The OneStream platform is phenomenal. I have experienced relatively minimal issues with the platform itself. Biggest downside is that you must partner with a OneStream partner. Not all OneStream partners are one in the same. You have to research to find the best fit for your company. Good: - Easy to use - Flexible - Dynamic - Cost is affordable as ERP goes - General architecture is fantastic - OneStream learnings are great! Bad: - Must hire OneStream Partner for implementation - DEVELOPER1B-10B USDBankingReview Source
EPM LEADER
OneStream is a great consolidation tool. It offers flexibility and extensibility. The truly impressive feature is how the product adapts to the changes within each organization and also how well it can be customized based on each organizational need. - Internal Technical Lead - Financial Systems1B-10B USDTransportationReview Source
Best-in-Class Software for All Financial Process Solutions under the CFO
In our experience, OneStream has been Best-in-Class in almost every aspect. This includes an Advanced, Comprehensive, Extremely well-Architected, and Intuitive and Easy to Understand System. We had previously worked with the best software in the Financial Consolidation and Reporting space, and OneStream took it to a whole new level. Interaction with the Sales and Customer Service teams has been excellent as well. - DIRECTOR-IT, FINANCIAL & HR SYSTEMS1B-10B USDManufacturingReview Source
Platform of the Future for Finance - delivering integration solutions for the Enterprise
Platform, Customer Service, Partners, Marketplace Solutions, AI Platform - have not found a use case where the platform could not handle all the requirements Customer Service - very knowledgeable and always gets to a resource that can address my issue. Partners - Excellent partners that provide additional services and support on top of what OneStream provides. Marketplace Solutions - Huge catalog of solutions ready to use.