OneStream Reviews: 4.7/5 — Highly Rated

The tools and functionality available on this platform make it simple to access key data, build dashboards, and automate operations. It connects with Microsoft applications, making it possible for users to connect and extract data for quicker decision-making.

OneStream is a cutting-edge platform that is ideal for businesses with a variety of use cases. the value for money might not be as substantial if you only use a tiny percentage of its features. Its adaptability is one of its main advantages, although this can also be problematic. To ensure you maximise the potential of the platform, it is crucial to obtain advice from an experienced OneStream consultant or user.

For simplified financial planning and analysis, OneStream is an all-in-one solution. Businesses can save money on licence costs and data storage by using OneStream for a variety of tasks instead of needing several solutions. It provides an integrated method of financial management, allowing for real-time operations without the hassles of dealing with numerous chart of accounts or mapping problems. OneStream is a state-of-the-art platform for reporting and consolidation that enables companies to provide accurate, dependable, and fast financial reporting.

One of the most highly valued features of Onestream is its seamless integration with Microsoft Excel. This integration allows users to continue working with their familiar spreadsheets while also gaining access to powerful cloud-based functionality such as databases, catalogs, budgets, reconciliations, and legacy systems. The comprehensive suite of capabilities that Onestream offers makes it the ideal solution for finance teams seeking a seamless and integrated approach to financial management, which is why it is widely regarded as the to-go tool for finance professionals.

Perhaps the performance during month-end close is something to consider since Onestream can become a bit slow when there is heavy usage across the organization.

Onestream is utilized for the accounts reconciliation process at month-end. Before implementing Onestream, the organization relied on multiple, disconnected Excel files and email communication, which made the process slower and more tedious.

Onestream is platform EPM solution which allows for customization and a wide range of business use.

There are training available some just scratches the surface of the possibilities. Would like to see more extended or in depth traning classes.

Onestream increases our productivity through automization of many processes and data integration.

OneStream offers a unified platform for financial planning, consolidation, reporting, and analysis, eliminating the need for multiple tools. Its user-friendly interface and drag-and-drop functionality make it easy for non-technical users to operate. OneStream's powerful workflow engine and robust security features ensure data accuracy and integrity. The platform provides real-time financial intelligence, enabling organizations to make informed decisions quickly.

OneStream's implementation and customization can be complex, requiring technical expertise and extensive training. The platform may not be cost-effective for small businesses or those with simpler financial needs.

Utilizing OneStream for multiple functions, rather than relying on individual tools for each task, can minimize the need to transfer data between various applications, oversee metadata, and verify data consistency across different tools.

Platform, integrating all functionalities and modules within one integrated platform. Ensuring a better integration and data collection process.

Could be to overwhelming for starters, also for smaller use-cases the platform could be "too much"

Flexibel to to able to find a solution to (almost) all client challenges.

Being a consultant (previously Oracle/ Hyperion) i really like that OneStream is a real platform where you don't need to move your data around. Consolidation, planning, data integration but also operational reporting using BI is included in the platform.

Since OneStream is so advanced it really fits companies with more then 1 usecase. If you only use a small part of it the value for money might not be that good. A great feature is that everyting is possible but that is also a challenge. make sure you are advised by an experienced OneStream consultant/ user.

Using OneStream for multiple purposes instead of a separate tool for all reduces the effort in moving data around, managing metadata and validating that the data is equal over the different applications/ tools.

Tea or Coffee?... Why chose if you can have both?... That is where OneStream is strong as you always have a choice. It starts on day 1 where you need to choose if you want OneStream on premises or in the cloud.... With OneStream you own the solution and you keep your freedom. I also really like the Marketplace with all the solutions. Not only for the end users but also for the admin. It is really helpful to have tools like the metadata builder to kick start a project. I also really appreciate their fast and good support team. You usually get an answer within the hour - And i do not mean something like "Thanks for contacting us" :-) The videos are also a really nice way to help or discover a part of the tool. Unfortunately it takes time to watch those videos and I do not take advantage of it enough!

Anything is possible in OneStream... The early stage of the implementation is key to meet the long term requirements! And this is challenging to foresee...

With OneStream it is possible to do consolidation, forecast... but also more specialized reporting like IFRS16!

Transformation Rules Flexibility with Application Extensible Dimensions for business reporting One Solution multiple Products Easy implementation of a new product from Market Place Customize the application according to business needs

Dashboarding Capabilities Ease of creating dashboards There is no keyboard navigation defined in OneStream, everything is mouse-based.

We have started using OneStream for Account Reconciliation. Instead of just migrating the account reconciliations to a digital platform, we have now achieved the below benefits from OS tool. Consolidation of additional attributes like Aging, Categories from lowest to top entity hierarchy Calculation of Risk indicators associated with Sub Ledgers of AP, AR & Inventory Drill Back from summary level to Transactional level at a click of a button

Building specific solutions, processes, end user dashboards to support the financial department in the business. When OneStream is implemented there is time to really analyze data instead of creating data. The vendor strives a 100% customer satisfaction, this is visible in multiple ways, like their own support and expecting the maximum of their implementation partners.

You need a certain basis of knowledge to get the best out of OneStream. I would always advice to follow the basic training.

Complex Planning Solutions Consolidation IFRS16 Tax Treasury Creating a streamlined process out of complex Excel sheets

OneStream XF is a platform, meaning it has multiple solutions in it. We implemented Consolidation and IFRS16 (which is a marketplace solution, like an app). But also data integration, reporting and planning is included.

The learning curve is pretty steep since it is such a big platform. Since everything seems possible it is a challenge to balance a world-class application versus project timelines and budget.

Consolidation and IFRS16 is now in one system with the same user experience. It is all maintained in one central place.

Reconcilation which made easy and scenario based analysis helpful for managment decisions

Required some more automation connection like excel VBA enabled.

Onestream helping management to do anlaysis of business decisions.

Easy to use and consolidate many entities replicating similar data. Quick to update and review previous periods, Easy to calculate financials in particular Fx rate

Adding accounts to the report is not straightforward, cannot delete cells once you add one by mistake. Account codes are not self-explanatory easy to make mistakes. Will not bother giving you consolidation unless you create your own

Budget process and periodical reporting. Fast consolidated sub-divisions give flexibility and speed to the month-end reporting process. Can utilize excel capabilities and link source systems thru other link softwares.

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I like that the window in excel with the onestream add-on updates in real time.

You have to use internet explorer to initially launch onestream XF. It also takes some time to query, even slower than other Saas products.

Exporting and importing reports.

The interface is simple to understand. I have tried 50 users so far and they quickly understand how to use it and feel comfortable to explore additional features.

It was unable to import the subledger detail to allow us to reconcile the control accounts. We must still manually run the subledger report and attach it manually to each reconcilation. Other than that, it seems to achieve our requirements.

We have achieved better compliance and corporate visibility to our account reconciliations. We can timely meet auditor requests and evidence the support for balance sheet accounts.

XF has financial intelligence that makes consolidation a breeze.

You can call OS a tool that tries to do it all in one platform. There are some areas that need improvement when it comes to planning and reporting. (it is not a Tableau or a true Planning system)

It is flexible to the point that you can do pretty much anything with it (given the time, money, and the expertise to maintain the system once it is done.)

I like Onestream for our organization because we can service people that are looking at business reporting, financial reporting, management reporting, statutory reporting etc. We have 1 platform to run the reports and have standard reports for all segments

The way our organization is implementing it, it appears to be very HFM based. Its not my favorite.

We are using Onestream to report our entire business from 1 platform.

-Community is very helpful -Extremely fast support -Extremely fast compiling and processing of data -Very flexible reporting -Once setup correctly, very easy to maintain -Fast and impactful additions to the features in updates

-Hard to learn the advanced usage of the software (administrating/reporting) -Not a widespread phenomenon yet, so there is not a lot of use cases found on the internet

We currently use Onestream for our consolidation and reporting. It is very easy to put in a widespread of values, while maintaining the integrity of the information.

Our organization is still in the process of implementing Onestream and we have been trained on the software and it seems quite easy to use. It appears to be much like a pivot.

I don't like how HFM based this program is, or how HFM based it appears to be within our organization.

This will give us the capability where each user can analyze the data on their own regardless of function- financial reporting, business reporting and management reporting.