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Customer Satisfaction
8.2/10
8.2
User Experience
7.7/10
7.7
Functionality
9.2/10
9.2
Business Value
7.7/10
7.7

OneStream

What is OneStream?

Integrated performance management platform for financial consolidation and close, planning, budgeting and forecasting, reporting and analytics with built-in financial intelligence and financial data quality capabilities. Supplementary integrated marketplace with business and productivity solutions that allow customers to extend the platform with additional capabilities.

BI, Analytics & CPM
● Reporting / Dashboards
● Analysis
– Advanced Analytics
●● Planning
●● Financial Consolidation

= Function covered, ●● = Functional focus

= Function covered
●●
= Functional focus

ESG
● Reporting / Dashboards
● Analysis
● Disclosure Management
●● ESG & KPI Management

= Function covered, ●● = Functional focus

= Function covered
●●
= Functional focus

About OneStream

The information in this section has been provided by the vendor of OneStream.

Self-description of the vendor

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 leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.

OneStream delivers a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.

OneStream is a software company backed by private equity investors KKR, Tidemark, Partners Fund Capital and Alkeon Capital Management. With more than 1,400 customers, 250 go-to-market, implementation and development partners and 1,300 employees the company’s vision is to be the operating system for modern finance, digitizing core financial functions and empowering the CFO to become a critical driver of business strategy. To learn more, visit www.onestream.com.

OneStream screenshots

OneStream videos

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OneStream BARC Review & Rating

This section contains our independent analyst views on OneStream.

Provider and product description

OneStream Software is an independent US-based CPM software company backed by private equity investors. Headquartered in Birmingham, Michigan, USA, the company has offices in North America, Europe and APAC with more than 1,300 employees globally.

OneStream is a unified platform that supports various CPM processes and information streams in organizations. It integrates financial consolidation and close, planning, budgeting and forecasting, reporting, analysis and financial data quality management in one single application. In addition to the platform’s standard functionality, the OneStream Solution Exchange provides more than 75 prebuilt business and productivity solutions that allow customers to extend the platform with additional capabilities in areas such as finance/accounting (e.g., account reconciliations, transaction matching, tax provision, ESG, etc.), financial planning and analysis (e.g., specialty planning solutions, ML-enabled forecasting, etc.) and for specific industries. Solutions in the Solution Exchange are provided by OneStream, partners and the broader OneStream ecosystem. All OneStream-developed solutions are fully supported and available free of charge to active customers.

OneStream is ideally suited to mid-sized to large enterprises across all industries who require a unified, robust and complete CPM solution. The vendor employs a direct sales model alongside its partner network to support customers with implementation services. According to the vendor, more than 1,400 customers currently use OneStream, and the company is in a period of strong growth. OneStream is available for deployment in the Microsoft Azure cloud.

OneStream is a financial consolidation and planning platform with built-in financial data quality functionality that focuses on supporting the full range of CPM processes. The product provides a proprietary in-memory financial analytic engine with built-in financial intelligence (e.g., supporting complex financial consolidations) that uses ROLAP storage in Microsoft SQL Server. Company-wide consolidated financial results, statements and plans at subsidiary or group level can be created. In addition, Extensible Dimensionality® provides the ability to extend the account and other dimension structures to support both corporate and line-of-business financial and operational planning and reporting in one single solution.

Fully supported operational planning solutions in the Solution Exchange – including workforce, capital, cash and sales planning – feed into the financial model. Moreover, the empowerment of users with AI and ML for tasks such as predictions, scenario analyses and to automatically find insights and take actions is an important area of continued investment for OneStream. To create, maintain and deploy predictive models across financial and operational planning processes, OneStream offers several options. AI-enabled solutions such as Sensible ML offer scalable AI purpose-built for finance, operations and data science teams. Sensible ML provides a guided experience to build, deploy and consume time-series ML models for auto-generated forecasts inside OneStream.

In addition to its core capabilities, OneStream also integrates functionality for BI and analytics. For individual, flexible (ad hoc) reporting and analysis, the product includes a reporting studio, spreadsheet interface and Excel add-in. Interactive dashboards can bring key financial and operational metrics together by combining tables, charts, graphs and other visualizations. In addition, Analytic Blend includes a relational column store engine that blends detailed operational data with financial data. Financial analytics, detailed operational analysis or a “blended” view of both can be presented within the same dashboard. For customers following a Microsoft strategy for analytics, a OneStream Power BI connector offers direct integration with Power BI via a certified API to create reports and visualizations with Microsoft’s software based on OneStream data.

Strengths and challenges of OneStream

BARC’s viewpoint on the product’s strengths and challenges.

Strengths
  • Integrated CPM platform for financial consolidation and close; planning, budgeting and forecasting; reporting and analytics with built-in financial intelligence and financial data quality capabilities, available in the Microsoft Azure cloud.
  • Integrated BI and analytics functionality for (print-oriented) production reporting, financial reporting (disclosure management) with self-service dashboards and visualizations, and ad hoc analysis via Microsoft Excel add-in. As an extension, OneStream data can be imported and consumed in Microsoft Power BI leveraging REST APIs.
  • OneStream Solution Exchange with more than 75 prebuilt business and productivity solutions that allow customers to extend the platform with additional capabilities. Solutions are provided by OneStream itself, partners and the broader OneStream ecosystem. All OneStream-developed solutions have a dedicated development team and roadmap, are fully supported and are available free of charge to active customers.
  • Excellent customer feedback in many important KPIs including Performance Satisfaction, Product Satisfaction, Price to Value, Workflow, Forecasting and Financial Consolidation. The vast majority of customers say they would recommend the platform to other organizations.
Challenges
  • OneStream’s standard financial model may not address all operational planning use cases. However, flexibility for operational planning scenarios that feed into the financial model is enhanced by concepts such as Extensible Dimensionality®, Analytic Blend, Sensible ML for demand planning and predefined specialty solutions in the Solution Exchange. According to OneStream, this design enables customers with a balance of out-of-the box financial intelligence and governance required for financial planning as well as the modeling capabilities and flexibility required for granular operational planning use cases.
  • OneStream’s recommended client solution providing access to all functionality is a native Windows App, a web-based thin client deployed using Microsoft ClickOnce technology. However, an improved browser and mobile (HTML5) UX is being introduced, which will support all end-user functionality across the platform and Solution Exchange solutions. Administration, modeling and content creation capabilities are available in the Windows App only.
  • According to user feedback, OneStream implementations are often large and complex, which can mean they take longer than average to complete. Implementation times will vary based on customer use cases and unique requirements. In addition, several customers recommend taking care in selecting an implementation partner. The rapid growth of OneStream and its continuous acquisition of new partners worldwide apparently means that the quality of support and the implementation experience of partners is not at a consistent level. However, OneStream seems to be aware of this and has launched a dedicated OneStream Certification program to ensure the quality of partner support.
  • OneStream lacks the market presence and global visibility of its main competitors Oracle and SAP. However, it is a fast-growing vendor globally and is constantly improving its market visibility, particularly in EMEA. When organizations do decide to evaluate OneStream, the vendor has a high competitive win rate against its rivals.
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OneStream User Reviews & Experiences

The information contained in this section is based on user feedback and actual experience with OneStream.

The information and figures are largely drawn from BARC’s The BI & Analytics Survey, The Planning Survey, The Financial Consolidation Survey and The Data Management Survey. You can find out more about these surveys by clicking on the relevant links.

Summary of user review highlights from OneStream

What users like about OneStream and where the product scores best in a user comparison.

The Consolidation Survey Results

With six top ranks and 14 leading positions, OneStream achieves an excellent set of results in this year’s Financial Consolidation Survey. Convincing ratings in numerous important KPIs help to consolidate its position as a market-leading financial consolidation and FPM platform that delivers considerable benefits to its customers. Companies can benefit from using OneStream in terms of better integration of group consolidation with internal management reporting, improved software user satisfaction and a better quality of consolidation results. 95 percent of OneStream users say they would “definitely” or “probably” recommend their financial consolidation product to other organizations – a strong result and a great indicator of customer satisfaction with the vendor and its product.

The Planning Survey Results

With 35 top ranks and 55 leading positions, OneStream achieves an outstanding set of results in this year’s Planning Survey. Excellent ratings in KPIs such as Business Benefits, Recommendation, Product Satisfaction, Customer Satisfaction and Functionality underline OneStream’s leading position in the planning software market. Companies can benefit from using OneStream in terms of improved software user satisfaction, increased planning frequency and better integration of financial planning with operational planning. 96 percent of OneStream users say they would “definitely” or “probably” recommend their planning product to other organizations – a great indicator of customer satisfaction with the vendor and its product.

Why users buy OneStream and what problems they have using it

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Full user reviews and KPI results for OneStream

All key figures for OneStream at a glance.

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Individual user reviews for OneStream

Role
Project manager for planning from IT
Number of employees
100 - 2.500
Industry
Real estate
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

Flexibility, it is a platform so you can use it for planning, consolidation, non-financial data, etc.

What do you like least/what could be improved?

What key advice would you give to other companies looking to introduce/use the product?

Take your time for the implementation, don't be overwhelmed by it potential. Start with one topic (planning OR consolidation) and then move forward. No big bang with all at the same time.

How would you sum up your experience?

I'm a happy OneStream administrator, with OneStream experience in two different companies. My general opinion about OneStream is very positive. Use-cases are almost limitless and there are many solutions for one business challenge.

Role
Project manager for planning from business department
Number of employees
100 - 2.500
Industry
Manufacturing
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

Flexibility to create custom made detailed driver-based planning.

What do you like least/what could be improved?

Lack of predefined solutions.

What key advice would you give to other companies looking to introduce/use the product?

Get ABA, finance rules and dashboarding training early in the project for 1 or 2 key users.

How would you sum up your experience?

Great tool to work with if you have the time to get familiar with it.

Role
Consultant
Number of employees
100 - 2.500
Industry
Consulting
Source
BARC Panel, The Planning Survey 24, 04/2024
What do you like best?

OneStream is very adaptable and customizable for our needs. It's not an out-of-the-box solution and it is tailored to our needs. We had some complexities we were unsure if they could be automated, but OneStream was able to do them and even improve the process.

What do you like least/what could be improved?

What key advice would you give to other companies looking to introduce/use the product?

Fully understand both your current processes and what your long-term needs will be. The better prepared you are ahead of the requirements sessions, the better the implementation will go.

How would you sum up your experience?

I love OneStream!

Role
Manager of Financial Systems
Number of employees
100 - 2.500
Industry
Software
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

OneStream offers good pre-defined marketplace solutions with pretty complete flexibility from a development perspective. It really makes the options endless.

What do you like least/what could be improved?

I wish OneStream would improve some of their existing marketplace solutions that most companies use (e.g., account reconciliations) to be more flexible and easier to configure.

What key advice would you give to other companies looking to introduce/use the product?

Do multiple customer referrals with similar customers to understand use cases and potential ideas. Have people in house who have administered OneStream. Find a consulting partner who you can rely on to help the system grow as your company's use of OneStream grows.

How would you sum up your experience?

I love OneStream not only as a software, but as a company. It's a great group to interact with and I would absolutely recommend OneStream to other companies.

Role
Consultant
Number of employees
100 - 2.500
Industry
Process industry
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

Flexibility to automate any object.

What do you like least/what could be improved?

UI and thick based client.

What key advice would you give to other companies looking to introduce/use the product?

Analyze your resources as it is resource intensive.

How would you sum up your experience?

Good software with brilliant marketing.

Role
CIO
Number of employees
100 - 2.500
Industry
Retail
Source
BARC Panel, The Planning Survey 24, 04/2024
What do you like best?

Une seule application unifiée prenant en charge plusieurs processus, intégration et maintenance ainsi facilitées.

What do you like least/what could be improved?

Rien en particulier.

What key advice would you give to other companies looking to introduce/use the product?

Comme pour tout ERP majeur, la partie intégration et interface et la conduite du changement (formation des utilisateurs et modification des processus) représentent un enjeu important de la mise en œuvre.

How would you sum up your experience?

Très bon outil qui répond à nos besoins dans notre context.

Role
Project manager for planning from business department
Number of employees
100 - 2.500
Industry
Public sector
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

We like the stability and ease of implementation and customization for our IT Administrators. Also, the system is more user-friendly, allowing power users to do many functions quickly and easily themselves, rather than having to wait for It to build it out.

What do you like least/what could be improved?

Cube Views / Reports are not intuitive at first. You can't just log in to the system and teach yourself how to create reports. You need a training guide to get you started. Once you understand the concepts of how the systems works, then it is very self-service.

What key advice would you give to other companies looking to introduce/use the product?

Make sure your implementation company is a diamond partner with plenty of implementations. They don't always need direct experience of your business since you are the partner to help them understand that. You really need them to be the expert on OneStream, and be a Diamond partner with OneStream, so you know they will implement the best practices and best solution for you.

How would you sum up your experience?

Excellent software. Best on the market for financial consolidation, planning, and reporting.

Role
Member of a cross-departmental BI team
Number of employees
100 - 2.500
Industry
Manufacturing
Source
BARC Panel, The Planning Survey 24, 04/2024
What do you like best?

Dashboard, extensible functionality.

What do you like least/what could be improved?

Limitations of data usage.

What key advice would you give to other companies looking to introduce/use the product?

Get all the details before implement and possible to way to achieve it.

How would you sum up your experience?

It's a new tool, showcases lots of features but they are implemented only on request with fees.

Role
FP&A System Admin
Number of employees
More than 2.500
Industry
Services
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

Their Platform approach - all functionality included in one Platform without additional license fees.

What do you like least/what could be improved?

Embedded AI/ML capabilities. Enhanced drag and drop BI capabilities.

What key advice would you give to other companies looking to introduce/use the product?

Well trained implementation/admin group. Focus on the very different approach to reporting flow centered around the organization (who is doing what).

How would you sum up your experience?

Very satisfied

Role
Consultant
Number of employees
More than 2.500
Industry
Consulting
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

Flexibility, performance, integration of all EPM processes, innovation pace.

What do you like least/what could be improved?

What key advice would you give to other companies looking to introduce/use the product?

Define properly the concept and scope, as OneStream will impact the full EPM landscape over time.

How would you sum up your experience?

Best EPM tool on the market.

Role
Line of business employee
Number of employees
More than 2.500
Industry
Vertical Market Solutions
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

The completeness and flexibility. The background of the company (related to HFM/FDM).

What do you like least/what could be improved?

More available courses.

What key advice would you give to other companies looking to introduce/use the product?

To do it as soon as possible.

How would you sum up your experience?

Good opinion.

Role
Project manager for planning from IT
Number of employees
More than 2.500
Industry
Services
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

Flexibility of solution. Ability to expand functionality with MarketPlace solutions, specific to business needs. Access to SQL tables in back end allows for querying and customization as needed.

What do you like least/what could be improved?

Application is a little click intensive, especially compared to competitors. Support used to be amazing but has slipped in the past year. Most tickets seem to be kicked to OneStream consulting vs resolving via support.

What key advice would you give to other companies looking to introduce/use the product?

Since UDs can be used across various solutions, plan out long term, so that they can be shared and leveraged across apps.

How would you sum up your experience?

Solid product. Maybe growing a little too quickly and you can see it in support being not as great as in the past. Used to be great, now is very good. Would still recommend over competitors based on flexibility and all-inclusiveness.

Role
Project manager for planning from IT
Number of employees
More than 2.500
Industry
Manufacturing
Source
BARC Panel, The Planning Survey 24, 04/2024
What do you like best?

Customer focus.

What do you like least/what could be improved?

Documentation of system functionality, lots of areas are not discussed in reference docs and has to dig around to find the facts.

What key advice would you give to other companies looking to introduce/use the product?

Great long term platform investment, expect it to be a champion over next 10-20 years for EPM, Accounting, FP&A, Planning use cases.

How would you sum up your experience?

Worth of investing money, time in the development of company specific use cases.

Role
Project manager for planning from business department
Number of employees
More than 2.500
Industry
Services
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

I like the OneStream is an all-in-one platform. From consolidations, to forecast and budgeting, to management reporting, and external filings; OneStream is a one stop shop that allows us to complete all finance/accounting activities in one centralized location.

What do you like least/what could be improved?

What key advice would you give to other companies looking to introduce/use the product?

Implement with an external partner with guidance from the business. To really get OneStream clicking on all cylinders the external implementer knows the systems and best practices.

How would you sum up your experience?

I'm a big fan of OneStream, I expect it to dominate the industry going forward. Looking forward to an IPO.

Role
Member of a cross-departmental BI team
Number of employees
More than 2.500
Industry
IT
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

OneStream is a platform solution. It allows us to customize the tool to different usages. This way we keep a single source of truth instead of using a large variety of tools.

What do you like least/what could be improved?

It would be good to provide more default features or easy to implement pre-built solutions. Now many things need to be coded and build by the user. I am pretty sure that many customers have the same need, and they build the same functionalities.

What key advice would you give to other companies looking to introduce/use the product?

The design and implementation phase are critical. It is a pitfall that the solution becomes a patched solution without a clear design. Also, there are a lot of possibilities in OneStream, keep focus on consistency in the implementation and design this will help maintenance in the future.

How would you sum up your experience?

OneStream is great solution that keeps on evolving.

Role
Consultant
Number of employees
More than 2.500
Industry
Manufacturing
Source
Invited by the vendor, The Planning Survey 24, 04/2024
What do you like best?

The capabilities of the platform. Combined data from various departments come together and form one version of the truth.

What do you like least/what could be improved?

The dashboard functionality is basic.

What key advice would you give to other companies looking to introduce/use the product?

Start with the full landscape you want to capture in OneStream and build a design from there. Possibilities are endless and focus is needed when setting up the foundation.

How would you sum up your experience?

It’s a great product that can support the business in many ways due to its capabilities.