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Financial data quality is not an option – it’s a requirement in today’s corporate reporting environment where errors or omissions in financial statements can result in compliance penalties, loss of confidence by stakeholders and often a reduction in market value.

The process of managing and completing account reconciliations in a large, global enterprise can be daunting due to the number of data sources and the volume of reconciliations that need to be completed.

The OneStream XF SmartCPM Platform consists of financial consolidation, budgeting, forecasting, planning and data quality deployed on-premise or in the cloud. There is no substitute for a single rational system to be owned and maintained.

Consolidating financial results in a global enterprise is more than just rolling up numbers. It requires a software solution with the ability to support US GAAP, IFRS and other accounting guidelines while dealing with complexities such as currency translation, intercompany eliminations, journal adjustments and complex ownership structures.