OneStream Software provides a revolutionary CPM 2.0 solution, the OneStream XF SmartCPMTM platform (XF stands for Extensible Finance). 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 the first and only solution that delivers corporate standards and controls, with the flexibility for business units to report and plan at additional levels of detail without impacting corporate standards – all through a single application. We call this unique capability Extensible Dimensionality®.
The hallmark of a SmartCPM platform is the capability of having multiple solutions for actuals, budgets, forecasts, plans, reconciliations, profitability analysis and more – all living together in a single application. Each solution benefits from leveraging all that the platform offers. OneStream XF eliminates risky integrations, validations, and reconciliations between multiple products, applications and modules.
Another unique capability of OneStream is the XF MarketPlace. The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to meet the changing needs of Finance and Operations. Examples of OneStream XF MarketPlace solutions that are already available and in use by customers include People Planning, CapEx Planning, Cash Planning, Account Reconciliations, Sales Planning and many others.
Learn more at: onestreamsoftware.com
Legacy CPM applications, or CPM 1.0 applications – such as Oracle Hyperion, SAP EPM and IBM Cognos –are very fragmented in nature. These product suites include many different standalone applications and tools for processes such as financial consolidation, budgeting, planning, forecasting, financial and management reporting, and account reconciliations. Customers must manually move data from transactional systems into each of the individual CPM applications and must also manually move data between the applications, i.e., to compare budget vs. actual financial results.
CPM 1.0 applications also have multiple points of maintenance when it comes to meta data, security, maintaining business rules and other functions. Due to their fragmented nature, CPM 1.0 applications are typically very costly to upgrade, too. For customers who have deployed multiple CPM applications, upgrading to even a minor point release can take several months, tying up internal staff, and often requires the services of external consultants.
CPM 1.0 applications are typically deployed in the organization’s on-premise data center, requiring some level of dedicated IT support, or may be hosted by a 3rd party with some managed services to maintain the applications. While most CPM 1.0 vendors are now offering cloud-based versions of these applications, the cloud-based solutions are also fragmented.
So while the burden of setting up infrastructure and installing the software is removed, configuring, managing and maintaining cloud-based versions of CPM 1.0 applications are still time-consuming and costly endeavors. And many of the CPM 1.0 solutions that are available in the cloud don’t provide all the functionality offered by their on-premise counterparts.
CPM 2.0 applications are designed to address the same business problems as CPM 1.0, but with an architectural approach that addresses many of the pitfalls of CPM 1.0 solutions – enabling true Finance Transformation. This more modern architectural approach should include the following capabilities:
CPM 2.0 applications also provide many benefits to customers:
Moreover, with CPM 2.0 applications, Finance Transformation is moved forward by enabling teams to shift more time to value-added analysis, partnering with lines of business, and improving alignment and decision-making across the enterprise.
Excessive Time and Costs Spent on Legacy Applications
Challenges in Financial Close, Consolidation and Reporting
Challenges in Budgeting, Planning and Forecasting
Effective Decision-Making Hampered by Lack of Visibility and Analytics
Lack of agility in delivering new applications and insights
Modernize Finance with a Unified, SmartCPMTM Platform
Reduces the time, effort and cost of maintaining legacy applications
Simplify and Align Consolidation, Planning, Reporting, Data Quality
Streamlines/simplifies financial close, consolidation and reporting
Improves agility in budgeting, planning and forecasting
Extend Your Investment and Accelerate Insights with the XF MarketPlace
Accelerates delivery of new applications, and business insights
OneStream Helps Finance Organizations Get Back to Business
Over 180 mid-sized to large enterprises in around the world, and across industries are using OneStream for financial consolidation, reporting, planning, analytics and financial data quality. In fact, over 70% of our customers replaced multiple legacy applications such as Oracle Hyperion, SAP BPC and IBM Cognos.
OneStream XF is dedicated to providing the best solutions for our customers. We understand that partners are critical to delivering customer implementation success. Our CPM partner network contains over 65 regional and global systems integrators that are synonymous with delivering the highest level of customer success for Corporate Performance Management implementations.
For more information visit onestreamsoftware.com