OneStream Reviews & Product Details

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

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-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.

Advanced Automation Capabilities: The software provides advanced automation capabilities, such as automated data loading and transformation, automated consolidation, and data validation, which helps to streamline the financial planning and analysis process.

It has limited integrations with other third-party software, which may restrict the functionality and customization of the software.

One stop solution for the all the close related activities, the best things is task manager feature in onestream we can have multiple tasks and can tack the same for the other users and have a streamined period close process.

User interface is intuitive and local administration is very user friendly

This software shouldn't require a consultant to implement. OneStream could provide better training or in-house implementation included in the cost of the licenses.

Better reporting around Account Reconciliation compliance and adherence to the policies. Good approval workflow and audit logs

The tool is extremely easy to use and has incredible extensibility to automate processes and drive efficiencies. Their focus on customer success is also a key differentiator.

The only challenge is not with t(e tool itself but with historical data challenges.

Improving planning and forecasting cycle time, automation of processes and extensibility for profitability reporting.

One application that handles consolidation, planning, forecasting, reporting, tel, etc.

Would like to see a better excel add in with ad hoc capability.

All of our consolidation, planning, and reporting needs. We were able to reduce month close by 10 days.

So Why OneStream? OneStream XF is a platform not a product. So, what does that mean? From a business perspective, it means the end to spending time determining which product and technology to use as OneStream was developed to support Consolidations, FP&A, Management Reporting, Account Reconciliations, Strategic Finance, Governed Analytics, etc. providing a consistent technology platform. From an implementation perspective, the limitations and compromises of Hyperion / Oracle are eliminated due to a platform that is extensible, scalable, modern and secure. From an IT perspective you are in the driver’s seat, deploying a modern architecture that is operating in either your company’s data center or in the cloud.

Would suggest improvements to Metadata management and synchronization of metadata between environments.

Consolidations, Planning, Forecasting, Account Reconciliations, People Planning, Sales Reporting, Dashboarding, Zero-Based Budgeting, custom drill through, and OneStream XF was utilized to replace Hyperion Strategic Finance to support Cash Planning.

OneStream is by far the best consolidation tool that I have ever worked on. The reporting, upgrades, ease of use, and automation are fantastic.

Sometimes the excel function can be tricky to learn but once you get familiar with it the tool is great!

The ability to load from our ERP into OneStream has been very benenificial. The users pick up the tool very easily. And the ability to add more dashboards like Account Recs has been great!

Hands down, my favorite part of OneStream is the flexibility of the software. There continues to be new ways to utilize the software on almost a weekly basis.

While not a complete dislike, there are certain challenges with report formatting that I've been working through for quite some time. The formatting could be a little more user friendly that would then compare to the user friendliness of the rest of the software.

The idea of creating "One Source of the Truth" is probably one of our biggest benefits. We can utilize the same software for both internal and external reporting as well as allowing multiple disciplines to utilize the same solution.

We really appreciate the reduced reliance on IT infrastructure due to (a) having the database supported by Azure and OneStream. Tied for best, we also love how flexible the planning capabilities have been to capture our evolving complex needs

It is newer than other legacy platforms out there and as such there are less people available to help... less "experts", if you will. We've just taken on learning as much as we can on our own.

We struggled with forecasting a business that can change dramatically quickly and with mobile assets. OS afforded us the flexibility within the hierarchy to do just that. We are also multi-national, multi-currency and it has allowed all locations to be involved without any latency or performance issues.

Adaptability of the product through configuration. Development of reports, dashboards, etc., can be accomplished without the need to hire a programmer to write custom code. The launching of the Academy to allow for self-instruction has been a huge benefit to our team, allowing us to expand usage of the product through development of dashboards.

Performance can be an issue with large entity and account structures. Having a fairly complex entity structure, it takes the system over 2 hours to run a full consolidation. There is a point where no matter how many processors or memory is given to it, the system simply cannot process records any faster.

The entire financial close process has improved since implementing OneStream. Workflow guides the users through the steps they need to take to complete the close process. Validation checks ensure data quality. Integration with ERP systems is great! We knocked a day off the monthly financial close and have improved data quality immensely.

Multidimensional analysis through the different ERPs that conform our Group

BI still needs development and should be easier to use

We use it for Consolidation, Planning and Reporting. BI under development right now

Software functionality is absolutely state of the art. A modern architecture (e.g. updates only take two hours) combined with a professional cloud offering. OneStream support is absolute top, any ticket we open (even non urgent ones) are usually looked at within two minutes. Furthermore, OneStream is very much interested in bringing customers up to speed. They teach us how to use and maintain the product without trying to sell us a lot of consulting hours.

We don't say this lightly, but we have really no issues at all.

We run a very complicated consolidation through OneStream. We have realised a lot of efficiencies by automating processes. The tool is extremely stable and a big improvement for our end users in terms of workflow management and speed.