OneStream – CPM

In today's dynamic business landscape, the demand for comprehensive Corporate Performance Management (CPM) solutions has never been greater. OneStream stands out as a robust, unified CPM platform built to streamline and improve a variety of financial operations. This blog delves into the core features, benefits, and deployment best practices of OneStream, illustrating why it is the preferable solution for organisations looking to improve their performance management capabilities. OneStream is a sophisticated and unified CPM software platform that streamlines and standardises financial consolidation, planning, reporting, and analytics operations across the organisation. OneStream, designed to suit the needs of large, worldwide organisations, replaces several legacy systems with a single, integrated solution, reducing complexity and enabling better decision-making.

Key Features of OneStream

Financial Consolidation and Close: Automated Consolidation: Streamlines the consolidation process by automating data collection, reconciliation, and intercompany eliminations. Audit and Compliance: Ensures accuracy and compliance with regulatory standards through comprehensive audit trails and robust internal controls. Accelerated Close Cycles: Reduces the time required to close books, allowing for quicker access to accurate financial results. Budgeting, Planning, and Forecasting: Driver-Based Planning: Enables more accurate forecasting by linking financial plans to key business drivers. Scenario Analysis: Facilitates what-if analysis to evaluate the potential impact of different business scenarios on financial outcomes. Rolling Forecasts: Supports continuous forecasting, allowing organizations to adapt plans based on real-time data and changing conditions. Reporting and Analytics: Interactive Dashboards: Provides intuitive, real-time dashboards that deliver actionable insights into key performance metrics. Financial Reporting: Generates detailed financial reports with customizable templates, ensuring consistency and clarity in reporting. Data Visualization: Leverages advanced visualization tools to present complex data in a clear and comprehensible manner. Extensible Dimensionality: Flexible Data Modeling: Allows for the creation of custom dimensions and hierarchies to accommodate unique business requirements. Unified Data Model: Ensures data consistency and integrity across all financial processes, from planning to reporting. Integration and Scalability: ERP Integration: Seamlessly integrates with major ERP systems, ensuring smooth data flow and eliminating silos. Scalable Architecture: Designed to support the needs of growing organizations, OneStream scales efficiently with business expansion.