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Press Releases

New Research Finds 2021 Financial Plans to be Driven by Consumer Spending, Remote Workforce Enablement and the Presidential Election

Posted by John O'Rourke on Aug 26, 2020 9:46:11 AM

Businesses will rely on upskilling and technology adoption to guide investments and business growth

August 26, 2020 9:00 AM Eastern Daylight Time

ROCHESTER, Mich.--()--OneStream Softwarea leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, announced the results of its “Enterprise Financial Decision-Making 2020 - North America” survey. The study, conducted by Hanover Research, targeted finance leaders across North America, looking at how they have responded to the challenges this year and their plans for investments, hiring, upskilling and technology adoption in 2021.

The impact of COVID-19 has tested many finance leaders, accelerating the need for agile forecasting and digital transformation to respond to the unprecedented disruption caused by the pandemic. With the backdrop of a nearly 33 percent drop in GDP and many organizations withdrawing earnings guidance, finance leaders are closely tracking important economic trends and internal metrics, re-tooling their workforces and supply chains, and carefully considering critical investment and budgeting decisions. When asked about key business drivers and plans for 2021, CFOs and other financial leaders were focused on several areas:

Optimism is mixed, consumer spending and impending election are driving plans

Despite pandemic-driven uncertainties, 43 percent of finance leaders are either somewhat or very optimistic about the economy's outlook and plan to increase budgets across their entire companies in 2021. That optimism will consistently require re-evaluation as leaders look to a mix of internal and external factors to gauge the pace of the economic recovery. Externally, 40 percent of finance leaders are assessing consumer spending while the balance of survey respondents are focused on manufacturing activity, wage growth, unemployment and consumer sentiment. Internally, 47 percent of respondents are highly focused on signals from sales volume and revenue as indicators of their own organization’s recovery, followed by cash flow, gross profit margins and working capital.

Holding pattern until November

The U.S. Presidential Election will also carry significant weight on investment and business plans. Fifty eight percent of finance leaders said they are either somewhat or extremely likely to defer investment or business plans until after the election, such as M&A activity, hiring and launching new products or services.

Business volatility has accelerated the need for rapid access to accurate, actionable data and supporting technologies including cloud, predictive analytics, artificial intelligence (AI) and machine learning (ML).

This year's challenges have drastically increased the rate at which finance leaders must access, analyze and forecast based on data from across the organization. Exacerbating those needs is a global workforce that requires secure, cloud-based technology to operate efficiently in a remote environment. Of those respondents not currently using cloud-based planning and reporting tools, 56 percent plan to invest in these tools in 2021. In addition to cloud-based planning and reporting solutions, there is increased interest in predictive analytics, ML and AI solutions with more than half of respondents planning to invest in these tools in 2021.

Information Technology (IT) and Accounting/Finance are driving budget and investment plans

Despite economic uncertainty, 40 percent of respondents are optimistic they will actually increase budgets across the organization next year, with IT/Cybersecurity and Accounting/Finance as a major focus. Over half of the companies (56 percent) are planning to increase their remote work enablement budgets in 2021. Additionally, 38 percent plan to increase their capital investments and 34 percent plan to increase their day-to-day operating expenses in 2021. With the pandemic spotlighting the need to create more agile operating and planning models, financial leaders must invest in the solutions that support continued operational flexibility and speed.

Upskilling and hiring IT/Cybersecurity and Accounting/Finance professionals is a top priority

COVID’s impact is being felt across every region and industry, with 98 percent of finance leaders stating they experienced financial challenges due to the pandemic. While only 22 percent of respondents had to shut down operations completely, more than a third (34 percent) had to reduce staff to absorb the pandemic’s impacts. However, some companies are also taking positive strides to upskill employees during this time, with IT/Cybersecurity and Accounting/Finance being the top two focus areas. These two departments are also strategic hiring areas for the second half of 2020 and 2021, especially as the pandemic continues to command a work-from-home culture.

“The pandemic has highlighted the importance of IT and finance teams at enterprises worldwide and every organization’s success will depend on their abilities to quickly gather, normalize, analyze, re-forecast and pivot strategies to drive bottom-line results,” said Tom Shea, CEO of OneStream. “This research illustrates the need for unified cloud-based planning and reporting solutions as well as advanced analytics that help finance leaders intelligently guide key decision-making at the speed of the business during these rapidly changing business conditions.”

About the survey:

The commissioned study, conducted by Hanover Research in July of 2020, sourced insights from financial decision makers in the United States, Canada and Mexico. Respondents work at companies across numerous industries and varying revenues, with more than 65 percent employed by companies with over $100 million in annual revenue.

For the full findings of the research, please visit https://info.onestreamsoftware.com/hanover-research-enterprise-financial-2020

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 is an independent software company backed by private equity investor KKR. With over 500 customers, 175 partners and over 500 employees our primary mission is to deliver 100% customer success. OneStream was named to the 2019 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America. To learn more, visit www.onestreamsoftware.com or follow our blog at http://blog.onestreamsoftware.com.

Topics: Press Releases

OneStream Software Expands Board of Directors and is Ranked in the Inc. 5000 Fastest Growing Private Companies for the 5th Consecutive Year

Posted by John O'Rourke on Aug 13, 2020 9:39:39 AM

OneStream deepens board expertise with the additions of Kara Wilson and Jonathan Mariner to support
continued growth and pre-public structure

July 28, 2020 9:26 AM Eastern Daylight Time

ROCHESTER, Mich.--()--OneStream Software a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, has appointed two new members to its board of directors. Jonathan Mariner, experienced finance executive and consultant at Overtime Sports Media, and Kara Wilson, Senior Advisor at KKR & Co. join the board, expanding the vast and diverse executive level experience of the OneStream Software Board of Directors. These additions to the board of directors come on the heels of the company's rapid growth and extensive independent recognition, including this week's ranking as number 914 on the 2020 Inc. 5000 list of the fastest-growing private companies in America.

OneStream Software recently announced the company experienced a 75 percent increase in Annual Recurring Revenue (ARR), a 40 percent year-over-year growth in customer acquisitions and a 67 percent increase in employees. That impressive growth across several key metrics and the company's more than 500 percent increase in revenue over the last three years led to its recognition as one of the fastest growing private companies in America by Inc. Magazine for the fifth consecutive year. OneStream’s innovative solutions have empowered enterprises with the agility to adapt to the year's unprecedented challenges. The company's resulting success during these times validates its continued momentum and market leadership.

“The COVID-19 pandemic has highlighted the value of OneStream’s cloud CPM platform in keeping remote workers connected while providing insights to management and the ability to quickly reforecast and model multiple business scenarios," said Tom Shea, CEO of OneStream. “The additions of Jonathan Mariner and Kara Wilson to our board of directors is an important step for our company as we continue to expand our capabilities and market leadership.”

Jonathan Mariner is a seasoned financial executive who brings years of experience across several different industries, including 14 years with Major League Baseball (MLB) as VP & CFO. Mariner has also held various other board positions with companies such as Tyson Foods. At a time when assessing and avoiding threats is more critical than ever, Mariner brings a new element of risk management and financial controls experience to OneStream's board.

"OneStream’s growth is accelerating rapidly, supported by an outstanding team, an innovative solution and a customer-first mindset,” said Mariner. “I look forward to utilizing my diverse experience to ensure the company continues to succeed during an uncertain time in world history."

With over two decades of experience driving go-to-market strategies for both large and medium-sized companies, Kara Wilson’s appointment as an experienced marketing executive will bring strong software marketing knowledge to the board. Wilson has held marketing leadership roles with some of the technology industry’s most influential companies, including Rubrik, FireEye, Okta, Cisco, SAP, SuccessFactors and PeopleSoft/Oracle. That marketing expertise will be critical to capitalizing on the company’s continued growth and executing its long-term strategy.

“We are witnessing an acceleration of the restructuring of the Office of Finance across enterprises worldwide, and OneStream has proven itself as the leading software provider in that digital finance transformation process," said Wilson. "I'm excited to join the board at this inflection point in the company's lifecycle and look forward to advising them on their next chapter.”

Learn more about OneStream at www.onestreamsoftware.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.

OneStream is an independent software company backed by private equity investor KKR. With over 500 customers, 175 partners and over 500 employees our primary mission is to deliver 100% customer success. OneStream was named to the 2019 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America. To learn more, visit www.onestreamsoftware.com or follow our blog at http://blog.onestreamsoftware.com.

Topics: Press Releases

OneStream Announces Strong Growth and Customer Base Expansion During the First Half of 2020

Posted by John O'Rourke on Jul 28, 2020 10:21:13 AM

CPM software provider achieves industry recognition and continued momentum during
critical period for finance teams

July 28, 2020 9:26 AM Eastern Daylight Time

ROCHESTER, Mich.--()--OneStream Software,a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, announced year-over-year revenue, customer, and partner growth in the first half of 2020. With the pandemic presenting unprecedented challenges and new responsibilities for CFOs and their teams, many finance leaders are turning to OneStream for unified, cloud-based solutions that increase the work-from-home efficiency and agility of finance teams and their business partners.

OneStream reported 75 percent growth in Annual Recurring Revenue (ARR) as of June 30th, demonstrating continued market demand for its solutions during uncertain times. The company also reported a 40 percent year-over-year growth in new customer acquisition, to well over 500, and a 67 percent increase in employees over that period. New customers added in the first half of 2020 include The Timken Company, Ontic Engineering & Manufacturing UK, Cronos Group, Buckeye Partners and Jardine Motors.

In addition, more than 50 existing customers added additional user licenses during the first six months of the year. OneStream continues to replace spreadsheets, multiple legacy applications such as Oracle Hyperion, SAP BPC, and IBM Cognos as well as cloud-based point solutions with its unified CPM platform to streamline processes such as financial close and consolidation, reporting, planning, forecasting and account reconciliations.

“Our continued growth is a true testament to the market opportunity and demand we see as the office of finance seeks to modernize their financial systems, embrace new workstyles, increase business insights and improve their ability to navigate quickly through market uncertainty," said Tom Shea, CEO of OneStream. “Our focus on delivering 100% customer success and on customer-driven innovations are enabling finance leaders to rapidly respond to market forces with confidence and create opportunities to move their businesses forward during challenging times."

OneStream added thirteen new partners in the past six months including Grant Thornton and a number of regional partners in North America and EMEA, strengthening its global ecosystem to 186 partners. OneStream also renewed its partnership and commitment to Microsoft Azure as its cloud platform.

During the first half of 2020 the company released several new solutions for the OneStream XF MarketPlace such as Predictive Analytics 123, empowering finance teams to incorporate predictive capabilities into financial plans and operational forecasts for faster, more informed decision-making. OneStream also launched its Transaction Matching solution. Downloadable from the XF MarketPlace, this solution enables finance leaders to collect and match large volumes of transactions from multiple sources to quickly resolve differences to accurately finalize period-end balances and accelerate the close process.

“Over the last few years finance professionals have been embracing or at least evaluating how new technology and innovation can help drive finance transformation, but the pandemic and subsequent rapidly changing business conditions have demonstrated how essential it is for finance teams to be able to quickly pivot, re-forecast frequently and model new scenarios,” said Craig Colby, President of OneStream Software. “OneStream’s cloud platform and built-in financial intelligence has proven to be integral in providing finance leaders with the ability to keep their teams connected and productive while working remotely, while also providing more frequent financial signals from transactional data to support faster more informed decision-making.”

In the first six months of 2020, OneStream strengthened its position as a leading provider of CPM solutions by through several industry recognitions, including:

  • Winner for support of the Office of Finance in Ventana Research’s 13th Annual Digital Innovation Awards
  • Recognized as a Leader and Earned a Perfect Recommend Score in Dresner Advisory Services’ EPM Market Study for Third Consecutive Year
  • Top ranks in thirty-eight of sixty categories in the BARC Planning Survey
  • The highest rating among all vendors and recognition as a Gartner Peer Insights Customers' Choice for Cloud Financial Close Solutions
  • Named a market leader in the 2020 Nucleus Research Value Matrix for CPM software for the 3rd consecutive year

OneStream was also named to Inc. Magazine’s List of Best Workplaces for 2020 and was named to the 2020 List of 100 Best Places to Work in IT by Insider Pro and Computerworld.

A schedule of upcoming Events is at https://onestreamsoftware.com/events/list/

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 is an independent software company backed by private equity investor KKR. With over 500 customers, 175 partners and over 500 employees our primary mission is to deliver 100% customer success. OneStream was named to the 2019 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America. To learn more, visit www.onestreamsoftware.com or follow our blog at http://blog.onestreamsoftware.com.

Topics: Press Releases

OneStream Named Winner in Ventana Research’s 13th Annual Digital Innovation Awards

Posted by John O'Rourke on Jul 15, 2020 9:42:40 AM

Award recognizes OneStream’s innovative operational analytics capabilities that support the office of finance

July 15, 2020 9:00 AM Eastern Daylight Time

ROCHESTER, Mich.--OneStream Software, LLC,a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named the winner of the “Office of Finance” category in Ventana Research’s 13th Annual Digital Innovation Awards. This award recognizes OneStream as a pioneering vendor and exemplar of innovation in the applications and technologies that support the office of finance.

Ventana_Research_13th_Digital_Innovation_Awards_Winner

This Digital Innovation Award, along with the consistently high praise from the company's customers, further solidifies OneStream as an industry pioneer that has successfully established its unified and extensible platform as a market-proven, intelligent alternative to legacy CPM products and cloud-based point solutions.

“Across the globe, finance teams are embracing their new responsibilities and rapidly changing business conditions as an opportunity to navigate and lead their companies through the unprecedented challenges presented by COVID-19," said Tom Shea, CEO of OneStream Software. “OneStream XF’s industry-leading Analytic Blend enables teams to quickly apply trusted financial intelligence to large volumes of operational data to detect trends and financial signals that drive informed decision-making at the speed of business.”

“Ventana Research gave OneStream Software its innovation award because of its ability to address increasingly critical requirements for the Office of Finance and do so at scale,” commented Robert Kugel, Senior Vice President and Research Director. “Its Analytic Blend capability allows users to assemble a wide spectrum of data from financial and operational sources without latency for immediate analysis, alerting and reporting. In doing so, it can expand the frontiers of visibility and enable finance departments to provide action-oriented insights to executives and managers across the enterprise.”

The Ventana Research Digital Innovation Awards recognize trailblazing vendors that contribute advancements in technology, drive change and increase value for organizations worldwide, backed by market research and analyst expertise across business and IT. Ventana Research analysts examine and score companies based on how they help organizations innovate, enhance the productivity and enhance outcomes of business or IT processes. Vendors are evaluated on not just their innovative technology approaches, but also how their solutions apply to people, processes, information and technology. Solutions are also assessed for the best practices they support, the degree of team involvement, and the technology’s business impact and value.

To learn more about OneStream Analytic Blend download this interactive e-Book.

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 is an independent software company backed by private equity investor KKR.  With over 500 customers, 175 partners and over 500 employees our primary mission is to deliver 100% customer success. OneStream was named to the 2019 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America.  To learn more visit www.onestreamsoftware.com

About Ventana Research

Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk. To learn how Ventana Research advances the maturity of organizations’ use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.


Topics: Press Releases

OneStream Software Recognized as a Leader and Earns Perfect Recommend Score in Dresner Advisory Services’ EPM Market Study for Third Consecutive Year

Posted by John O'Rourke on Jul 7, 2020 9:05:14 AM

Recognition stems from OneStream’s leadership in customer experience and overall vendor credibility in the Enterprise Performance Management (EPM) market

July 7, 2020 9:00 AM Eastern Daylight Time

ROCHESTER, Mich.--OneStream Software, LLC, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named an overall leader for the third consecutive year in the 2020 Wisdom of Crowds® Enterprise Performance Management (EPM) Market Study by Dresner Advisory Services. The company earned a perfect ‘5-out-of-5’ recommend score, building on their success from the past years and further establishing itself as a market leader.

 “In 2020, OneStream remains consistently above the overall sample for all measures and is an overall leader in both the Customer Experience model and Vendor Credibility model. OneStream is best in class for fifteen different measures across sales, value, technical support, and product,” said Howard Dresner, Founder and Chief Research Officer of Dresner Advisory Services. “We congratulate them on their continued high marks in our annual market study.”

The analysis and assessment included in the 2020 Wisdom of Crowds EPM Market Study come from the most important indicator of performance and value - customers. This recognition comes on the heels of impressive results across four other prestigious industry acknowledgements this year. Those achievements include top ranks in thirty-eight of sixty categories in the BARC Planning Survey, the highest rating among all vendors and recognition as a Gartner Peer Insights Customers' Choice for Cloud Financial Close Solutions, one of the top ranks in the BARC Score Financial Performance Management DACH 2020 and being named a market leader in the 2020 Nucleus Research Value Matrix for CPM software for the 3rd consecutive year.

“We are a customer-first company, and this recognition is a testament to the innovations and investments we have made to consistently deliver 100% success for our customers,” said Tom Shea, CEO of OneStream Software. “The recognition our company and products have garnered over the last several months and in previous years are confirmation that our unified CPM platform is delivering high value for CFOs and finance teams in mid-sized to large, complex enterprises worldwide. OneStream's solutions are designed and implemented to address the industry’s now imperative digital transformation as companies respond to this historically challenging year.”

Dresner Advisory Services’ Wisdom of Crowds® research is based on data collected on usage and deployment trends, products, and vendors. Users in all roles and throughout all industries contributed to provide a complete view of realities, plans, and perceptions of the market. To access a copy of the 2020 Wisdom of Crowds EPM Market Study, click here.

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 is an independent software company backed by private equity investor KKR.  With over 500 customers, 175 partners and over 500 employees our primary mission is to deliver 100% customer success. OneStream was named to the 2019 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America.  To learn more visit www.onestreamsoftware.com

About Dresner Advisory Services

Dresner Advisory Services was formed by Howard Dresner, an independent analyst, author, lecturer, and business adviser. Dresner Advisory Services, LLC focuses on creating and sharing thought leadership for Business Intelligence (BI), information management, performance management, and related areas.


Topics: Press Releases

OneStream Software Named to 2020 List of 100 Best Places to Work in IT by Insider Pro and Computerworld

Posted by John O'Rourke on Jun 23, 2020 10:08:28 AM

Ranks among highest-scoring workplaces based on benefits, career development, training and retention

June 17, 2020 9:09 AM Eastern Daylight Time

ROCHESTER, Mich.--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named to the Insider Pro and Computerworld 2020 list of the 100 Best Places to Work in IT. Last month, OneStream was recognized by Inc. magazine and its list of Best Workplaces for 2020

CW_100_Best_Places_to_Work_in_IT_2020_from_IDG_Insider_Pro_Computerworld

“We’ve created an innovative and entrepreneurial work culture at OneStream Software that allows our employees to grow, develop new skills and gain valuable experience as part of our focus on delivering 100% customer success. For our IT workers, that means providing the tech training, career development and hands-on opportunities that help them to excel. To be recognized by Insider Pro and Computerworld as one of the 100 Best Places to Work in IT is strong validation to our commitment to our tech employees and a testament to their great success,” said Martha Angle, vice president of global human resources for OneStream Software.

The Best Places to Work in IT list is an annual ranking of the top 100 work environments for technology based on a comprehensive questionnaire regarding company offerings in categories such as benefits, career development, training and retention. In addition, IDG conducts extensive surveys of IT workers, and their responses factor heavily in determining the rankings.

“As technology continues to evolve more rapidly than ever, attracting and retaining top IT talent to research, deploy and maintain that technology has never been more important or more challenging,” said Dan Muse, editor of IDG’s Insider Pro. “Companies that have earned a spot on the Insider Pro and Computerworld 2020 Best Place to Work in IT list share a common denominator: They create an environment that not only rewards workers with competitive compensation and benefits, but they also foster a spirit of diversity, social responsibility, training and innovation.”

Angle continued, “The ability to learn and acquire new tech skills is especially important for IT employees. OneStream’s rapid growth and collaborative work culture provides great opportunities for our IT team to gain new experiences, take on new responsibilities and grow with us.”

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 Insider Pro

InsiderPro provides its subscribers with access to in-depth journalism, exclusive research, enterprise product reviews, hands-on advice, editor-curated special reports and feature articles on topics such as AI, machine learning, cloud platforms, analytics, network security, cyber threats, IoT, tech careers and much more. Insider Pro is published by IDG Communications, Inc. Company information is available. at www.idg.com.

Follow Insider Pro on Twitter: @InsiderPro_IDG #BestPlacesIT

Follow IDG on Twitter: @IDGWorld

Follow Insider Pro on LinkedIn

About Computerworld

Computerworld is the leading technology media brand empowering enterprise users and their managers, helping them create business advantage by skillfully exploiting today's abundantly powerful web, mobile, and desktop applications. Computerworld also offers guidance to IT managers tasked with optimizing client systems—and helps businesses revolutionize the customer and employee experience with new collaboration platforms. Computerworld's award-winning website (www.computerworld.com ), strategic marketing solutions and research forms the hub of the world's largest global IT media network and provides opportunities for IT vendors to engage this audience. Computerworld is published by IDG Communications, Inc. Company information is available www.idg.com.

Follow Computerworld on Twitter: @Computerworld #BestPlacesIT

Follow IDG on Twitter: @IDGWorld

Follow Computerworld on LinkedIn

Follow Computerworld on Facebook

Topics: Press Releases

Grant Thornton & OneStream Software Team to Help Companies Digitally Transform Finance Functions

Posted by John O'Rourke on Jun 18, 2020 9:42:10 AM

Grant Thornton to provide OneStream customers with implementation services and consulting know how

June 17, 2020 9:09 AM Eastern Daylight Time

ROCHESTER, Mich.--()--OneStream Software, a leading provider of corporate performance management (CPM) solutions for mid-sized to very large enterprises, has entered into an alliance with Grant Thornton LLP, one of America’s largest accounting and consulting firms.

Through the alliance, OneStream and Grant Thornton will help companies digitally transform and streamline financial operations by unifying their disparate silos of financial information onto the OneStream XF platform. As a result, companies can simplify financial planning, forecasting and analysis, while also improving financial close and reporting activities and decision-making capabilities.

In addition, Grant Thornton will also deliver its Unified Financial Model offering on the OneStream XF platform. The firm’s Unified Financial Model offering enables financial scenario planning using factors such as revenue data, expense analytics and human capital information to generate projected financial statements including profit and loss reports, balance sheets and cash flow forecasts.

The benefits of the alliance between OneStream and Grant Thornton are substantial for chief financial officers as they transform their finance functions into strategic business partners to departments across their enterprises. Finance support for operational decisions is invaluable given the historic business disruptions wrought by COVID-19 and its economic impact — in addition to the strains and challenges of digital transformation during normal times.

“To put it simply, this alliance means Grant Thornton and OneStream can help enable companies to make educated business decisions and deploy comprehensive financial solutions on a leading performance-management platform,” said Chris Lilley, national managing principal of Business Applications at Grant Thornton.

Lilley goes on to explain that Grant Thornton’s decades of consulting and implementation experience will make it easy for companies to migrate from multiple legacy systems and cloud-point solutions onto the unified OneStream platform.

OneStream Software Vice President of Global Alliances Stephanie Cramp highlights her company’s compatibility with Grant Thornton as being integral to the alliance: “Grant Thornton is helping drive the digital transformation of the finance team with its highly respected services and its strong commitment to quality — and focus on putting its customers first. This complements OneStream’s strengths and our own mission to deliver 100 percent customer success. These similarities have helped forge a powerful alliance that is already delivering results.”

Grant Thornton’s Joseph Coniker, a Business Consulting principal, echoes this sentiment: “Like Grant Thornton, OneStream Software is helping some of the largest companies and C-suite business leaders worldwide to digitally transform financial operations into modern finance functions that support decision making across the entire enterprise. This close alignment led to our alliance and is already benefiting our joint customers.”

To learn more information on the Grant Thornton-OneStream alliance, visit: www.onestreamsoftware.com/about/onestream-partners and www.grantthornton.com/onestream.

About Grant Thornton

Founded in Chicago in 1924, Grant Thornton LLP (Grant Thornton) is the U.S. member firm of Grant Thornton International Ltd, one of the world’s leading organizations of independent audit, tax and advisory firms. Grant Thornton, which has revenues in excess of $1.9 billion and operates more than 50 offices, works with a broad range of dynamic publicly and privately held companies, government agencies, financial institutions, and civic and religious organizations.

“Grant Thornton” refers to Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd (GTIL). GTIL and the member firms are not a worldwide partnership. Services are delivered by the member firms. GTIL and its member firms are not agents of, and do not obligate, one another and are not liable for one another’s acts or omissions.

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 Shines in BARC Survey of Planning and Financial Performance Management Products

Posted by John O'Rourke on May 27, 2020 11:11:14 AM

Earns 38 Top Ranks, 9 ‘Perfect 10’ scores and a 97% Recommendation Score in The Planning Survey 20

 

ROCHESTER, Mich.--()--OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, continues to achieve excellent results in the annual Planning Survey from the Business Application Research Center (BARC) in its two peer groups; Financial Performance Management Products and North American Vendors.

OneStream earned 38 top ranks out of 60 categories in BARC’s The Planning Survey 20. This represents a significant increase in OneStream’s top rankings from last year and includes 9 ‘Perfect 10’ scores this year. Additionally, the company earned near-perfect 97% scores for product satisfaction, recommendation and price-to-value.

“OneStream’s CPM platform is compelling with its modern, unified approach and many customers benefit from using it. The product is continuously being improved and developed with a strong support team to provide help and support. This has led to OneStream increasing its Leader and Top Scores each successive year. The vendor’s excellent 97 percent recommendation rate speaks for itself,” said Dr. Christian Fuchs, head of Data and Analytics research BARC.

The Planning Survey 20 examines user feedback on planning processes and product selection and is based on findings from the world’s largest and most comprehensive survey of planning software users, conducted from November 2019 to February 2020. 1,406 survey respondents across 57 countries provide insight across 30 criteria (KPIs) including business benefits, project success, business value, recommendation, customer satisfaction, customer experience, planning functionality and competitiveness.

OneStream earned 9 ‘Perfect 10’ scores among 30 criteria (KPIs) that include the following:

  • Ease of use
  • Forecasting
  • Planning content
  • Price-to-value
  • Recommendation
  • Product satisfaction
  • Workflow
  • Sales Experience
  • Legal Consolidation

OneStream also earned 15 leading positions within both its peer groups, including Competitive win rate, Driver-based planning, Flexibility and Reporting/analysis and Self-service within its both peer groups.

“OneStream is honored to earn 38 Top Ranks, including 9 ‘Perfect 10’ scores in BARC’s The Planning Survey 20. The strong, positive feedback in this survey validates our mission to deliver 100% customer success and dedication to providing best-in-class planning and analytics capabilities, which is critical to helping Finance teams manage through today’s business challenges with the flexibility and agility they require,” said Tom Shea, CEO of OneStream.

See the OneStream Highlights report here.

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

About The Planning Survey 20

The Planning Survey 20 was conducted by BARC from November 2019 to February 2020. Altogether, 1,406 respondents worldwide answered a series of questions about their planning software. The survey offers a comparison of 22 leading planning software products across 30 different key performance indicators including business value, customer satisfaction, customer experience and planning functionality. For more information, visit www.bi-survey.com.

About BARC

The Business Application Research Center (BARC) is an industry analyst and consulting firm for business software with a focus on Business Intelligence/Analytics, Data Management, Enterprise Content Management (ECM), Customer Relationship Management (CRM) and Enterprise Resource Planning (ERP).

BARC analysts have been supporting companies in strategy, organization, architecture and software evaluations for more than 20 years. For more information, visit www.barc-research.com

Topics: 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

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