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Press Releases

OneStream Software Ranks Among Top 100 on Inc 5000 Midwest List of Fastest Growing Companies

Posted by John O'Rourke on May 7, 2020 1:14:18 PM

OneStream positioned at 56th with 312% growth over two years

 

ROCHESTER, Mich.--()--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been ranked among the top companies on the Inc. 5000 Series: Midwest list of the fastest growing private businesses in the region. With 312% growth over the two-year period, OneStream was 56th on the Midwest list.

OneStream has been on the national Inc. 5000 list for the past four years, jumping more than 400 positions in 2019 to rank among the top 700 fastest growing U.S. companies. It had a three-year growth rate of 656%.

“We believe that the Midwest, and Michigan in particular, provides great benefits for tech companies and businesses seeking to grow. The combination of strong talent, a pro-business development environment and the positive Midwest lifestyle has helped fuel our success. We hope to continue that growth as we help companies to manage through challenging times with our solutions that streamline financial planning and reporting and provide deeper insights into the business for decision-making,” said Tom Shea, CEO of OneStream Software.

Digital Transformation of Finance

OneStream is helping a growing number of enterprises to digitally transform finance as they replace legacy on-premise finance applications and point cloud solutions with OneStream’s unified platform. This unified approach gives companies a ‘single source of truth’ for financial and operational data, significantly reducing time and costs. OneStream customers are able to accelerate their financial close, reporting and planning cycles and focus more time on strategic activities that enable better business decisions. This includes predictive planning, forecasting and modeling for various economic scenarios.

The OneStream XF MarketPlace further extends the value of the OneStream platform with more than 50 downloadable solutions that are fully tested and ready-to-deploy, including account reconciliations, lease accounting, tax provision and several specialized planning applications.

Inc. 500 Series: Midwest

This is the first year for the Inc. 5000 Series: Midwest list of the fastest-growing private companies in Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Midwest economy.

“The companies on this list demonstrate just how much the small and mid-sized business sector impacts the economies of each Midwest state,” says Inc. editor in chief Scott Omelianuk. “Across every single industry, these businesses have posted revenue and growth rates that are beyond impressive, further proving the tenacity of their founders and CEOs.”

Complete results of the Inc. 5000 Series: Midwest, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/inc5000-series-midwest-2020

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About OneStream Software

OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.

The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2019 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America. Learn more at www.onestreamsoftware.com

Topics: Press Releases

OneStream Software Named to Inc. Magazine’s List of Best Workplaces for 2020

Posted by John O'Rourke on May 6, 2020 9:38:45 AM

Ranks one of the highest-scoring businesses with standout employee engagement

 

ROCHESTER, Mich.--()--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named to Inc. magazine’s annual list of the Best Workplaces for 2020. The list is the result of a wide-ranging and comprehensive measurement of private American companies that have created exceptional workplaces through vibrant cultures, deep employee engagement and stellar benefits.

Inc. Best Workplaces 2020 - Standard Logo

“We’ve worked to develop an innovative and entrepreneurial culture at OneStream Software that allows our employees to learn, grow and develop new skills as part of our focus on delivering 100% customer success. It’s wonderful to get recognition for that as one of Inc. magazine’s Best Workplaces for 2020. The honor goes to our many talented and dedicated employees,” said Martha Angle, vice president of global human resources for OneStream Software.

Collecting data from more than 2,500 submissions, Inc. singled out 395 finalists for this year’s list. Over 370,000 employees from nominated companies took part in the survey, conducted by Quantum Workplace, on topics including trust, management effectiveness, perks and confidence in the future. Inc. gathered, analyzed and audited the data. Then they ranked all the employers using a composite score of survey results.

The strongest engagement scores came from companies that prioritize the most human elements of work. These companies are leading the way in employee recognition, performance management and diversity. It is a different playbook from a decade ago, when too many firms used the same template: free food, open work environments and artifacts of “fun.”

“Building a great corporate culture comes only from strong leadership,” says Inc. magazine editor-in-chief Scott Omelianuk. “The companies on Inc.’s Best Workplaces list are setting an example that the whole country can learn from, especially now, when company culture is more important to the workforce than ever.”

According to Ms. Angle, “the strength of OneStream’s culture has driven our success amidst the continual change that goes hand-in-hand with extraordinarily high growth. Doubling our employee base every year, the organization is constantly evolving and maturing as we add new team members, promote new managers, build out new departments and define new functions. Employees can sometimes feel lost in the shuffle in such a rapidly growing company. With that in mind, OneStream leadership has placed the strongest emphasis on open communication across all team members and an unwavering focus on retaining the OneStream culture as we grow.”

The Digital Transformation of Finance

OneStream is helping a growing number of enterprises to digitally transform finance as they replace legacy on-premise finance applications and point cloud solutions with OneStream’s unified platform. This unified approach gives companies a ‘single source of truth’ for financial and operational data, significantly reducing time and costs. OneStream customers are able to accelerate their financial close, reporting and planning cycles and focus more time on strategic activities that enable better business decisions. This includes predictive planning, forecasting and modeling for various economic scenarios.

The OneStream XF MarketPlace further extends the value of the OneStream platform with more than 50 downloadable solutions that are fully tested and ready-to-deploy, including account reconciliations, lease accounting, tax provision and several specialized planning applications.

About OneStream Software

OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.

OneStream was named to the 2019 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America. Learn more at www.onestreamsoftware.com

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About Quantum Workplace

Quantum Workplace, based in Omaha, Nebraska, is an HR technology company that serves organizations through employee-engagement surveys, action-planning tools, exit surveys, peer-to-peer recognition, performance evaluations, goal tracking, and leadership assessment. For more information, visit QuantumWorkplace.com.

Topics: Press Releases

Lucy Group Streamlines Financial Management Worldwide with OneStream Software

Posted by John O'Rourke on Apr 22, 2020 9:53:25 AM

Replaces Hyperion with a modern platform that can unify and simplify financial consolidation, reporting, planning and analysis

 

ROCHESTER, Mich.--()-- Lucy Group, a diversified international group of businesses operating across several sectors, including Lucy Controls, Lucy Electric and Lucy Real Estate, has digitally transformed financial management worldwide with OneStream Software. By replacing its legacy Oracle Hyperion system with OneStream’s modern, unified platform, Lucy Group has realized significant improvements in financial and management reporting while gaining deeper insight across all business units

The OneStream platform is easy to use and administer, removing the IT management burdens of its previous system and giving more control back to the finance team. A recent OneStream upgrade was completed within a few hours, compared to days for the previous finance platform.

“OneStream XF has taken a great deal of pressure and workload off group finance, where previously we would have to do a lot of checking the data. The individual users can do it all themselves now, which is obviously a huge benefit to any organization,” said Guy Hill, group reporting manager of Lucy Group.

Single Platform Drives Efficiency

The built-in workflow functionality of OneStream XF has fueled greater insight, tighter collaboration across all units and overall better efficiency. Guided workflows allow the group finance team to see exactly how far each user is within a process, increasing visibility and accountability with a logical step-by-step methodology. Users now load their data directly into OneStream for next-level managerial reviews. Simplifying and aligning corporate performance management processes, the workflow lock notifications tell group finance staff when to take over and process the entered data.

The finance team can now drill down to source data and because everything is on the unified OneStream XF platform, everyone works from the same data with a ‘single source of the truth.’ With OneStream’s strict workflow controls, Lucy Group has been able to standardize finance processes, maximizing confidence through a user-driven approach. Further, the workflows are date stamped with details that now provide Lucy Group with a much-improved audit trail.

Value-Added Extensible Platform

Lucy Group is using OneStream’s Guided Reporting solution, which provides business users with one place to view all reports, including the additional flexibility to mix and match rows and column sets to create new reports. Guided Reporting is one of more than 50 solutions optimized for the OneStream XF platform and available for download via the XF MarketPlace.

With OneStream’s modern platform in place, Lucy Group plans to extend the solution adding financial budgeting and planning to support its five-year strategic plan and help corporate finance to complete long-term deal modeling with improved data insights for analyzing impacts to cash flow.

Cloud-Ready

Another OneStream advantage for Lucy Group was the ability to deploy on-premise and still plan for an easy transition to the cloud. Numerous customers have been able to migrate from a OneStream on-premise deployment to OneStream XF cloud within hours.

“We noticed other vendors offered different products for on-premise and cloud solutions, whereas OneStream is simply the same product,” Hill added. “When our organization becomes cloud-ready, it’s a seamless move of our current application into the cloud, which adds quite a bit of extra comfort for us.”

For more information on Lucy Group’s OneStream Solution, go to: Lucy Group Success Story

About Lucy Group

Lucy Group is a diversified international group with operating businesses across a number of sectors: Lucy Controls, Lucy Electric and Lucy Real Estate. Since its origins in Oxford, UK, over 200 years ago, the Group has grown and evolved. Lucy Group now employs over 1,400 people across offices and factories in 10 regions and trades in over 60 countries. We have achieved our sustained growth by believing in our people, investing in new products, taking brave decisions and building trusted relationships. For more information go to https://www.lucygroup.com/

About OneStream Software

OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.

The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2019 Inc. 5000 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestreamsoftware.com

Topics: Press Releases

OneStream Software Launches Transaction Matching Solution to Accelerate Account Reconciliations and Financial Close

Posted by John O'Rourke on Apr 7, 2020 10:15:52 AM

Platform approach reduces cost and risk of reliance on spreadsheets, manual processes and third-party tools for transaction matching and account reconciliation

 

ROCHESTER, Mich.--()--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has introduced a new transaction matching solution that can speed account reconciliations and shorten the financial close process. OneStream Transaction Matching allows companies to collect and match large volumes of transactions from multiple sources to quickly identify and resolve differences to accurately finalize period-end balances much sooner than with third-party tools or spreadsheets.

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“Account reconciliations and the matching of transactions across multiple systems can be a very time-consuming process for large enterprises with multiple systems and thousands of accounts to reconcile. OneStream Transaction Matching replaces spreadsheets and third-party point solutions so our customers can accelerate the matching and account reconciliation process within our unified platform. Early users are seeing significant time savings by starting transaction matching much earlier in the close process resulting in faster and more confident period-end financial reporting,” said Tom Shea, CEO of OneStream Software.

This solution complements OneStream’s Account Reconciliations solution, both of which are available on the OneStream XF MarketPlace of productivity and business solutions at no additional license cost for existing OneStream customers. Both are fully supported solutions that can be deployed on-premise, or in the cloud so end users can manage these processes either from the office or remotely.

OneStream Transaction Matching allows companies to match transactional-level information from multiple sources utilizing an easily configurable, rules-driven approach that identifies and resolves differences in transaction data. This replaces spreadsheets and manual processes that prolong period-end account reconciliations and can delay the financial close. Failure to accurately match transactions and reconcile accounts can result in reporting issues or even undue write-offs that can negatively impact a company’s income statement and balance sheet.

Built on the unified OneStream XF platform, OneStream Transaction Matching eliminates additional license costs and maintenance of third-party tools while leveraging existing and proven data integration and data quality capabilities of the platform for loading and matching large volumes of transactions. All the reporting, dashboarding, commentary, audit trails and other capabilities of the OneStream XF platform are inherently available for Account Reconciliation and Transaction Matching for more robust visibility, control and optimization versus third-party solutions.

The new OneStream Transaction Matching solution can help streamline account reconciliations and the financial close process by matching transactions across the entire business, including intercompany transactions, accounts payable/receivable, T&E reporting reconciliations, bank clearing and lockbox to general ledger cash accounts.

“We are currently using OneStream Transaction Matching for a new process we are implementing with claims. This new process involves direct payments from our bank account, requiring us to reconcile the transactions daily, instead of waiting for month-end. Doing this daily matching of bank transactions manually with Excel would have been a nightmare, whereas the Transaction Matching solution allows us to automate much of the process and save a great deal of time and effort,” said Jessica Greisch, financial analyst and tax manager, West Bend Mutual Insurance.

For more information on OneStream Transaction Matching, register for a Live Demo webinar on April 24th or go to https://www.onestreamsoftware.com/solutions/transaction-matching

About OneStream Software

OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.

The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2019 Inc. 5000 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestreamsoftware.com

Topics: Press Releases

OneStream Software is Recognized as a February 2020 Gartner Peer Insights Customers’ Choice for Cloud Financial Close Solutions

Posted by John O'Rourke on Mar 19, 2020 12:00:00 PM

Customers rate OneStream 5 out of 5 for Cloud Financial Close Solutions based on 60 verified reviews over the past 12 months

 

ROCHESTER, Mich.--()--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named a February 2020 Gartner Peer Insights Customers’ Choice for Cloud Financial Close Solutions. Customers gave OneStream the highest rating among all vendors with 5 out of 5 based on 60 Gartner-verified reviews posted in the past 12 months.

“OneStream’s mission is to deliver 100% customer success in helping enterprise companies to streamline critical finance processes, digitally transform finance and support strategic decisions across the business. We believe this Gartner Peer Insights Customers’ Choice recognition validates our commitment and we are especially proud of the strong praise many customers had for our unified platform,” said Tom Shea, CEO of OneStream Software.

Customer comments on OneStream from the Gartner Peer Insights reviews included:

A growing number of companies, including some of the world’s largest global enterprises, are leveraging the unified OneStream XF platform to accelerate their financial close, consolidation and reporting; streamline planning and forecasting and extend analysis deeper into the organization to support business decisions. By unifying these processes in a single platform, OneStream customers can replace multiple legacy products and eliminate cloud-based point solutions to realize significant savings in time and cost. Companies can focus fewer resources on reporting past performance and more on driving future performance.

OneStream recently announced Predictive Analytics 123, an advanced solution for financial and operational planning and forecasting. The solution is available for download on OneStream’s XF MarketPlace.

To see the Gartner Peer Insights Customers’ Choice information and read customer reviews, go to https://gtnr.it/2Pcw97V

To read the March 2020 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Close Solutions report, go to https://info.onestreamsoftware.com/2020-gartner-peer-insights-voc-financial-close.

About Peer Insights:

Peer Insights is an online platform of ratings and reviews of IT software and services that are written and read by IT professionals and technology decision-makers. The goal is to help IT leaders make more insightful purchase decisions and help technology providers improve their products by receiving objective, unbiased feedback from their customers. Gartner Peer Insights includes more than 215,000 verified reviews in more than 340 markets. For more information, please visit  https://www.gartner.com/reviews/home

Gartner Disclaimer

Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.

About OneStream Software

OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.

The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2019 Inc. 5000 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestreamsoftware.com

Topics: Press Releases

OneStream Software Receives Highest Scores in Three Use Cases in 2019 Gartner Critical Capabilities for Cloud Financial Close Solutions

Posted by John O'Rourke on Mar 18, 2020 9:29:32 AM

Recognized with the highest scores for Global Organization, Large Organization and Upper Midsize Organization Use Cases

November 21, 2019 06:11 AM Eastern Standard Time

ROCHESTER, Mich.--()--OneStream Software, a leader in Corporate Performance Management (CPM) solutions for mid-sized to very large enterprises, has been scored in six use cases evaluated by Gartner in the 2019 Critical Capabilities for Cloud Financial Close Solutionsreport.

OneStream Software was recognized with the highest scores in the Global Organization, Large Organization and Upper Midsize Organization use cases and had one of the highest three scores in five of the six use cases.

The Critical Capabilities report covers 10 vendors and providers’ product and service offerings. It is a companion report to the 2019 Magic Quadrant for Cloud Financial Close Solutions2,” where OneStream Software was named a Leader.

“A growing list of customers, including some of the world’s largest enterprises, are digitally transforming finance with OneStream to become more agile and strategic. With our unified platform they streamline their financial close, consolidation and reporting cycles; align financial and operational planning in the same application and leverage built-in analytics and dashboards to make more informed business decisions with confidence. We believe our scores and rankings in Gartner’s Critical Capabilities for Cloud Financial Close Solutions validate our ability to address the needs of a wide variety of organizations from mid-sized companies to large and global organizations with diverse business units, sophisticated organization structures, and complex financial reporting requirements,” said Tom Shea, CEO of OneStream.

By unifying financial consolidation, reporting, planning and analysis in a single platform, OneStream customers are eliminating multiple point solutions and realizing significant savings in time and costs. Last month, OneStream extended its SmartCPM™ platform with built-in governed analytics that bring together financial and detailed operational data for improved business insights and also introduced new BI dashboards and visualization tools.

Download a complimentary copy of the 2019 Gartner Critical Capabilities for Cloud Financial Close Solutions here: https://info.onestreamsoftware.com/gartner-2019-critical-capabilities-for-cloud-financial-close-solutions.

1 Gartner Critical Capabilities for Cloud Financial Close Solutions, Robert Anderson, John Van Decker and Greg Leiter, 11 November 2019 
2 Gartner Magic Quadrant for Cloud Financial Close Solutions, Robert Anderson, John Van Decker, Greg Leiter, 21 October 2019 

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Topics: Press Releases

OneStream Software Emerges as New Challenger in BARC Score Financial Performance Management DACH 2020 Report

Posted by John O'Rourke on Mar 3, 2020 4:17:00 PM

Strong debut in the report highlights OneStream commitment to Germany, Austria and Switzerland, reflects rapid growth across EMEA

March 03, 2020 05:11 AM Eastern Standard Time

ROCHESTER, Mich.--()--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has emerged as an industry challenger in Germany, Austria and Switzerland in a new report from Business Application Research Center (BARC) on financial performance management software solutions.

The BARC Score Financial Performance Management DACH 2020 report places OneStream among the highest ranked in the region for Portfolio Capabilities and positioned as a strong challenger to existing vendors with a longer history in the DACH region. OneStream opened its first office in Germany just three years ago and has been rapidly expanding across EMEA.

“This is the first year of coverage for OneStream in the BARC Score report for Financial Performance Management solutions for the DACH market. OneStream’s position in the BARC Score matrix reflects the broad capabilities of the platform, combined with increasing market adoption and growing presence of the company in the DACH market. OneStream is well-positioned to challenge the established leaders in this market,” said Dr. Christian Fuchs, Senior Vice-President and Head of Data & Analytics Research at BARC.

The BARC Score report noted OneStream’s unified CPM platform for financial consolidation, close reporting and planning with built-in financial analytic engine and financial data quality capabilities as a strength, along with integrated analysis and reporting functionality. OneStream’s XF MarketPlace, with more than 50 downloadable business and productivity solutions optimized for the platform was another strength identified by BARC. The report also cited ‘excellent customer feedback for many important KPIs in BARC’s Planning Survey.’

“To debut so strongly in the BARC Score Financial Performance Management DACH report -- as a challenger poised to become a market leader -- is a powerful validation of our commitment to the German, Austrian and Swiss markets and our rapid growth throughout EMEA. We opened our first office in Germany just three years ago and we are already challenging legacy vendors such as SAP and CCH Tagetik on their home turf. Our underlying mission to deliver 100% customer success is fueling this momentum and helping us to expand globally. We are honored by this distinction from BARC,” said Ricardo Rasche, senior vice president of international sales for OneStream Software.

Last year in BARC’s The Planning Survey 19, OneStream earned 30 top ranks and a 96% customer recommendation score. The BARC Score Financial Performance Management DACH report looks specifically at Germany, Austria and Switzerland, evaluating different criteria on two axes, ‘Portfolio Capabilities’ and ‘Market Execution.’ Vendors evaluated generated more than 3 million EUR in license revenue per year with its product set in DACH countries.

OneStream is helping a growing list of companies worldwide to digitally transform finance and support strategic business decisions across the enterprise. OneStream customers are able to replace multiple legacy applications with the unified OneStream XF platform and streamline key finance processes.

Valued at more than $1B and backed by global investment firm KKR, OneStream recently announced record performance in 2019 and is well poised for a strong 2020. The company recently launched Predictive Analytics 123, a solution that delivers advanced planning and forecasting capabilities.

To download the full report, go to: https://info.onestreamsoftware.com/barc-2020

 

Topics: Press Releases

Nucleus Research Ranks OneStream Software a CPM Leader for Third Consecutive Year

Posted by John O'Rourke on Feb 11, 2020 4:15:00 PM

Customer praise, unified-platform approach and usability drive Leader status in 2020 CPM Value Matrix

February 11, 2020 06:11 AM Eastern Standard Time

ROCHESTER, Mich.--()--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named a Leader in the 2020 Nucleus Research Value Matrix for CPM software. This was the third year in a row that Nucleus Research positioned OneStream as a Leader with high rankings for both functionality and usability.

According to the report, “Customers praised OneStream’s ability to unify multiple financial processes into a single platform and simplify integrations of large datasets into cloud deployments. The XF Marketplace allows users to configure and deploy customized CPM solutions which are available for download by all OneStream customers. OneStream’s usability is also a strength, enabling rapid adoption rates among new deployments.”

OneStream is helping a growing list of companies to digitally transform finance and become a better business partner, supporting strategic business decisions across the enterprise. They are able to replace multiple legacy applications with the unified OneStream XF platform and streamline key finance processes. OneStream’s XF Marketplace further extends the value of the platform with more than 50 downloadable applications that have been tested and optimized for OneStream customers. These include solutions for account reconciliations, tax provisioning, people and capital planning and predictive analytics.

“OneStream Software is honored to be named a Leader by Nucleus Research for a third consecutive year. By delivering rich functionality and ease of use on a single, unified platform, we are helping some of the world’s largest enterprises to digitally transform finance and become more strategic. This is driving rapid growth and global expansion, as enterprises replace multiple Oracle Hyperion, SAP and IBM legacy products -- as well as cloud-based point solutions -- with the OneStream platform,” said Tom Shea, CEO of OneStream.

The report states that “OneStream is well equipped to accelerate its penetration of the CPM marketspace thanks to its platform approach and broad offering of CPM functionalities. Nucleus expects OneStream to continue attracting business from legacy CPM customers as the benefits of cloud deployments become more tangible.”

A profitable unicorn valued at more than $1B, OneStream recently announced record performance in 2019 and is well poised for a strong 2020. Last month, the company launched Predictive Analytics 123, a solution that delivers advanced planning and forecasting capabilities.

The Value Matrix is based on functionality and usability, the two core measures that Nucleus has found indicate an application’s ability to deliver initial ROI and maximum value over time. To see the full report, go to: https://info.onestreamsoftware.com/nucleus-research-cpm-technology

Topics: Press Releases

OneStream Software Ends Blowout Year With Over $130m of Revenue and Nearly 500 Customers

Posted by John O'Rourke on Jan 28, 2020 4:19:00 PM

Profitable unicorn achieves more than 50% YoY revenue growth and global expansion while maintaining its excellent customer success and retention record

January 28, 2020 07:11 AM Eastern Standard Time

ROCHESTER, Mich.--()--OneStream Software, the leader in modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, grew full year 2019 revenue more than 50% over the prior year results. The company was profitable for the eighth consecutive year, significantly surpassing the $100M revenue milestone with more than $130M in revenue for the year. The investment from KKR, announced in February 2019, has allowed OneStream to accelerate its investment in new geographies and industries, including the public sector.

Software license sales were up across all regions and were especially strong in Europe where OneStream increased YoY revenue by more than 200%. Overall, OneStream grew its customer base by 50% with close to 500 customers globally. New customers added in 2019 include Sharp Electronics, General Dynamics, Group Lotus (Lotus Cars), News Corp, H.B. Fuller and Alterra Mountain Company.

“The digital transformation of finance and rapid adoption of cloud-based finance solutions is driving continued growth as an increasing number of enterprises worldwide are selecting OneStream to replace legacy CPM applications such as Oracle Hyperion, SAP BPC, IBM/Cognos as well as spreadsheets and cloud-based point solutions. With our unified and extensible OneStream XF platform and the solutions offered through the XF MarketPlace, our customers are able to retire multiple legacy products, simplify and accelerate finance processes, support more informed decision making and allow their finance teams to become more agile and strategic. We expect continued positive momentum and strong growth in 2020,” said Craig Colby, president of OneStream.

Expanded Board and Leadership Team, Broader Global Reach

Following the KKR investment, KKR executives General (Ret.) and former CIA director David Petraeus, Dave Welsh and Jimmy Miele joined OneStream’s board of directors. Mike Burkland, executive chair for Five9 and John Kinzer, former CFO for HubSpot and operating partner at the Stripes Group also joined the board in 2019. OneStream also appointed Microsoft veteran and tech start-up expert Bill Koefoed as its new CFO in November.

OneStream extended its presence in Europe in 2019, expanding its Netherlands and UK offices and opening new offices in Germany, France and Sweden during the year. OneStream will continue its expansion in North America and EMEA and plans to enter strategic new markets in 2020.

OneStream increased headcount across all 10 locations in 2019, adding more than 200 new employees and finished the year with 445 employees world-wide. In July, Corp. Magazine named OneStream a Michigan Economic Bright Spot, in part due to strong hiring and growth, and in November OneStream was named by the Detroit Free Press as a winner of the Michigan Top Workplaces based on survey scores across several measures of workplace culture.

Continued Innovation

OneStream introduced a number of significant enhancements and innovative new solutions in 2019. This included the fifth generation of its unified OneStream XF platform with advancements in performance and scalability, plus enhanced analytics and self-service dashboards. OneStream extended its platform with Analytic Blend and Governed Analytics capabilities that allow finance executives to blend detailed operational and transactional data with the trusted and governed financial data managed within the OneStream XF platform.

Earned Recognition

OneStream expanded media recognition in 2019 and was named a Leader in three top industry analyst reports. The company was recognized for customer satisfaction, product leadership and increasing market adoption. Highlights include:

“We had a strong year in 2019 and continue to build on that momentum in 2020 by broadening our global reach and delivering innovative new solutions that will help organization to digitally transform finance and deliver 100% customer success. That includes a series of advanced analytics solutions beginning with our recently announced Predictive Analytics 123 that will continue to help finance leaders become more informed, agile and strategic across the enterprise,” said Tom Shea, CEO of OneStream.

For more information, go to www.onestreamsoftware.com.

 

Topics: Press Releases

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