Organizations using legacy applications often struggle with long budget iterations, lack of sufficient supporting detail, and limited reporting capabilities.
All of this results in excessive time and effort, and costs, spent on annual budgeting – only to arrive at an approved budget that’s obsolete shortly after its completed. There has got to be a better way, right?
A Unified Platform for Consolidation, Reporting, Planning, Data Quality and Analytics
OneStream Software provides a revolutionary CPM 2.0 solution, the OneStream XF SmartCPM platform. OneStream XF unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on premise, OneStream is an agile solution that easily adapts to changes in business.
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.
Corporate performance management (CPM) is an enterprise-wide process that helps organizations meet their financial goals by linking their strategies to plans and execution across all divisions and departments.
OneStream acts as the ‘gate keeper’ for quality and consistency, ensuring that every solution has common instructions and conforms to quality standards prior to release.
... a glaring mismatch is emerging between the CFOs’ rapidly evolving role and what he can realistically expect to deliver at the sharp end – a position exacerbated by bloated and poorly integrated performance management suites ...