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Press Releases

OneStream Software Selected by U. S. Steel for Consolidation of Corporate Results

Posted by John O'Rourke on Jan 13, 2021 12:43:46 PM

January 13, 2021 09:00 AM Eastern Standard Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions, was selected by United States Steel Corporation (NYSE: X), the nation’s leading integrated steel producer to streamline critical finance processes across several areas of the organization.

U. S. Steel looks to consolidate corporate results and gain valuable insight into its business with OneStream Software.

“We are proud that U.S. Steel has chosen OneStream to integrate business operations planning with financial planning as well as financial consolidation and reporting – all within a single, unified platform,” said Randy Cramp, Sales Director North America East, OneStream Software. “The steel industry is critical to the nation’s economy and we are proud to partner with U. S. Steel and leverage our modern corporate performance management platform to drive business agility.”

About OneStream Software

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.

OneStream is an independent software company backed by private equity investor KKR. With over 600 customers, 200 partners and over 600 employees our primary mission is to deliver 100% customer success.

About U.S. Steel

Founded in 1901, the United States Steel Corporation is a Fortune 250 company and leading integrated steel producer. With extensive iron ore production and an annual raw steelmaking capability of 22 million net tons, U.S. Steel produces high value-added steel products for the automotive, infrastructure, appliance, container, and energy industries. The company’s customer-centric “Best of Both” world competitive integrated and mini mill technology strategy is advancing a more secure, sustainable future for U.S. Steel and its stakeholders. With renewed emphasis on innovation and customer focus, the company produces cutting-edge products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. U.S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

Topics: Press Releases

OneStream Software Beats Projections and Ends 2020 with More Than 85 Percent Growth in Annual Recurring Revenue

Posted by John O'Rourke on Jan 13, 2021 12:26:06 PM

Pandemic Highlights Critical Need for Intelligent Finance Solutions in Global Enterprises

January 13, 2021 09:00 AM Eastern Standard Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, today announced that Q4 bookings increased 67 percent versus last year as companies continue to move to OneStream’s unified, cloud-based CPM platform, replacing spreadsheets and multiple legacy applications. For the year, the company exceeded its 2020 projections and achieved 85 percent growth in Annual Recurring Revenue (ARR). OneStream also increased its workforce by 65 percent and its partner ecosystem by more than 30 percent to support the company’s continued global expansion.

As the pandemic has forced many enterprises to quickly accelerate their digital transformation plans, agile finance teams and processes have become critical to business survival. OneStream’s platform is the only one on the market that allows its customers to rationalize their business data – their book of record financials, periodic forecasts and operational data – into daily and weekly financial performance signals that direct decision making and drive positive business outcomes. As a result, OneStream saw a 40 percent growth in its customer base in 2020, reaching over 650 enterprises worldwide. OneStream’s new customers in 2020 included The Timken Company, Ingram Micro, Costco, U.S. Steel, Hillenbrand, Chemours and The Downer Group.

“The pandemic’s fast and unprecedented impact on financial planning and performance earlier this year served as a wake-up call for many organizations who have been reliant on spreadsheets or legacy applications for planning, reporting and analysis of their business. Many had to hit the brakes on critical initiatives that ultimately hurt their company performance longer term,” said Tom Shea, CEO of OneStream Software. “Our clients were able to continue moving forward, and so were we, because our software offers a coherent view of financial performance in those critical moments. When you consider a company’s capital position, even a 30-day delay in financial reporting and decision making can equate to millions, sometimes billions of dollars lost. This pandemic experience put a fine point on the need for digital transformation of finance, perhaps more than in any other function.”

After hiring more than 270 employees throughout 2020, OneStream closed the year with 690 employees across 15 countries and more than 200 partners worldwide, including 52 new partners in 2020. Among those 52 additions are innovative companies driving digital transformations like PwC Italy & UK, Strategic IQ, Simplebeez, CGI and Incube CPM. OneStream will continue to expand its workforce and partner ecosystem in 2021 and recently announced it would open an Asia-Pacific (APAC) headquarters in Sydney, Australia this January. The new office will enable the region’s pre-sales, sales, marketing, and service teams to provide local support to OneStream’s growing customer base in the region.

In addition to expanding its global presence and network, OneStream continued to pursue its mission of 100 percent customer success with innovative and intelligent technology, as it added two new solutions to its Marketplace. To kick off 2020, OneStream launched Predictive Analytics 123, empowering finance teams to incorporate predictive capabilities into financial plans and operational forecasts for faster, more informed decision-making. In April, OneStream also announced Transaction Matching, which enables finance leaders to collect and match large volumes of transactions from multiple sources to quickly and accurately finalize period-end balances and accelerate the close process. OneStream will continue to add innovative solutions to its marketplace in 2021 to meet constantly evolving customer needs during this unprecedented time.

As a result of OneStream’s industry-leading solutions and customer satisfaction, the company received recognition from industry analysts and customers throughout the year, including being named a Leader in the 2020 Gartner Magic Quadrant for Cloud FP&A Solutions. Additional accolades include:

  • 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
  • Named a Leader in the 2020 IDC MarketScape for Cloud Enterprise Performance Management Software
  • Named to Inc. Magazine’s List of Best Workplaces for 2020 and to the 2020 List of 100 Best Places to Work in IT by Insider Pro and Computerworld

Sources: Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker and Greg Leiter, 06 October 2020.

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.

About OneStream Software

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.

OneStream is an independent software company backed by private equity investor KKR. With over 600 customers, 200 partners and over 600 employees our primary mission is to deliver 100% customer success.

Topics: Press Releases

OneStream Software Inks Partnership with Bryson DeChambeau

Posted by John O'Rourke on Jan 8, 2021 5:14:17 PM

The 7-time PGA Tour Winner and 2020 US Open Champion Exemplifies the Power of Analytics and Consistency in Golf and Business

January 08, 2021 11:00 AM Eastern Standard Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, today announced they have entered into a brand ambassador partnership with seven time PGA Tour winner and current US Open Champion Bryson DeChambeau. DeChambeau joins PGA Tour golfers Marc Leishman, Hudson Swafford, Sepp Straka and Denny McCarthy as ambassadors of the OneStream brand.

Last spring DeChambeau took the golf world by storm emerging from the PGA Tour hiatus having added 40 pounds of muscle to his physique and 50 yards of distance to his drives. But tour-leading driving distance is not the synergy that brought about this new partnership with OneStream, it is the scientific and analytic approach that is at the core of his transformation.

“Our initial interaction with Bryson was midway through the tour hiatus last spring for a joint webinar,” said Dave Kasabian, OneStream’s Chief Marketing Officer. “We were intrigued by his process for establishing one consistent, repeatable swing as the foundation for taking his game to the next level.”

“I use the concept of end range of motion and ONE Length clubs to reduce the complexity and control the variability of my swing. Confidence in the consistency of my swing allows me to focus more on analyzing results and leveraging technology to generate more ball speed and other opportunities to improve my game,” said DeChambeau. “OneStream takes a similar approach with its unified software platform for corporate performance management. By simplifying finance processes and creating consistency through a single platform, finance teams can focus less time moving data and managing systems and more time on driving performance.”

As part of the partnership, DeChambeau will serve as brand ambassador for OneStream and will wear the OneStream logo on the right sleeve of his golf shirt at PGA events beginning today at The Sentry Tournament of Champions in Hawaii. He will also take part in various marketing and social media campaigns to promote the partnership.

About OneStream Software

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.

OneStream is an independent software company backed by private equity investor KKR. With over 600 customers, 200 partners and over 600 employees our primary mission is to deliver 100% customer success.

Topics: Press Releases

OneStream Software and PwC Italy Announce Partnership to Drive Digital Finance Transformation in Italian Market

Posted by John O'Rourke on Dec 16, 2020 11:43:41 AM

December 16, 2020 06:00 AM Eastern Standard Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, and PwC Italy announced today they have entered into a strategic alliance for the Italian market. The partnership will leverage PwC’s global and local consolidated reputation as a leading technology consulting services provider and OneStream’s unified and cloud-based CPM software in many activities ranging from project delivery to marketing and strategic business collaboration.

“Italy is an important market for OneStream and we are excited to welcome PwC Italy to our partner ecosystem,” said Stephanie Cramp, VP of Global Alliances at OneStream Software. “We look forward to working with PwC to help organizations in the region transform their finance processes while implementing a modern, unified platform that can replace multiple legacy applications, as well as point solutions and spreadsheets.”

The partnership will make PwC a Strategic Alliance Member of OneStream in Italy, building on OneStream's growing EMEA presence and expanding its global network of more than 200 partners. As enterprises accelerate their digital transformations to increase their data's actionability and efficiency, OneStream and PwC's collaboration will empower organizations that operate in Italy to optimize critical organization-wide planning, reporting and analysis operations.

“This alliance will enable implementation and expansion of key capabilities for PwC’s and OneStream’s customers. Organizations will be able to fill technology gaps in the Enterprise Performance Management domain by implementing solutions that enable them to achieve digital transformation, more efficient processes and cost-effective growth, as well as informed decision-making. We look forward to starting our valuable collaboration in Italy with OneStream," stated Nicola Morlin, Partner, Finance Transformation and Enterprise Performance Management, PwC Italy.

“We are thrilled about our alliance with PwC Italy, specifically due to the domain expertise and best practices this will bring to OneStream customers in this important market,” said Matt Rodgers, Senior Vice President and EMEA Managing Director at OneStream Software. “This partnership will enable OneStream to extend its delivery capabilities in EMEA, and supports our mission of delivering 100 percent customer success worldwide.”

For more information on the PwC Italy-OneStream alliance, visit: www.onestreamsoftware.com/about/onestream-partners and https://www.pwc.com/it/it/publications/press-room.html

About OneStream Software

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.

OneStream is an independent software company backed by private equity investor KKR. With over 600 customers, 200 partners and over 600 employees our primary mission is to deliver 100 percent customer success.

About PwC Italy

At PwC, our purpose is to build trust in society and solve important problems

PwC is a network of over 284,000 professionals around the world, of which about 6,400 in Italy, committed to guaranteeing quality in auditing, technological, strategic, legal and tax consulting services for businesses.

Thanks to our sector expertise, we provide complete and tailor-made solutions as well as a wide range of services in an integrated and multidisciplinary way. Our strength is to be able to combine our knowledge of local markets with a global organization.

We are one of the largest professional services networks in the world, but size is only part of who we are; creating value for our customers, our people and the society in which we live and work is at the heart of PwC.

Topics: Press Releases

OneStream Continues Global Expansion with Opening of Asia-Pacific Headquarters in Sydney, Australia

Posted by John O'Rourke on Dec 9, 2020 9:54:27 AM

December 08, 2020 05:00 PM Eastern Standard Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, today announced the opening of its Asia-Pacific (APAC) headquarters in Sydney, Australia. OneStream’s new Sydney office will enable the company to extend its reach in the region and provide APAC customers and partners easier access to its industry-leading solution and world-class customer service and support. OneStream’s APAC expansion comes on the heels of an impressive Q3 in which the company added sixty new customers globally and achieved record sales and revenue growth.

“We are excited to open our APAC headquarters in Sydney and launch direct operations for APAC enterprises seeking intuitive solutions to overcome the many complexities within their financial operations. As a unified and cloud-based solution, the OneStream XF platform is well-positioned to simplify and solve those challenges on a global scale,” said Thomas Palmer, Managing Director of Asia-Pacific Operations. “Over the last few years, hundreds of organisations around the world have transitioned from multiple legacy CPM applications to OneStream’s intelligent finance platform to optimize and streamline their financial close and consolidation, reporting, planning, forecasting, and analysis. We look forward to working with APAC enterprises of all sizes and industries to maximize the value of their finance teams and provide leaders with strategic financial and operational insights that enable them to grow and evolve rapidly in the face of unprecedented challenges.”

Scheduled to open in January 2021, OneStream’s new office in Sydney will be home to the region’s pre-sales, sales, marketing, and service teams. The Sydney team will focus on supporting and expanding OneStream’s customer base across the entire Asia-Pacific region, starting with Australia and New Zealand. Additionally, the new headquarters will support the expansion of OneStream’s ecosystem of more than 200 global implementation partners which includes Deloitte, Taysols, James & Monroe, and Decision Inc. that are already serving the Australia market.

“Having implemented the first OneStream project in Australia over 4 years ago, we’ve been privileged to help drive the rapid growth of OneStream in the Asia-Pacific region and we look forward to the OneStream team opening their Australian office,” said Jayson Hammond – Managing Director Taysols. “With the combination of Taysols’ 18 years in the Australian CPM market along with OneStream’s local presence, we’re sure to provide an outstanding option for any organisation looking to improve their CPM outcomes.”

The new Sydney office will enable OneStream to provide local support for its growing base of customers in the region, such as Seven Group Holdings. “Implementing OneStream for our monthly consolidation has allowed us to streamline and standardize the close process across a diverse Group providing better visibility and in-depth reporting," said Richard Richards, Group Chief Financial Officer, Seven Group Holdings.

“OneStream Software has a proven record of helping CFOs and their teams up their game when it comes to financial planning, reporting and analytics,” said Marc Leishman, PGA Tour Professional and OneStream brand ambassador. “As an Aussie and brand ambassador for OneStream, it’s great to have these two worlds come together. Welcome to Australia OneStream!”

About OneStream Software

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organisation.

OneStream is an independent software company backed by private equity investor KKR. With over 600 customers, 200 partners and over 600 employees our primary mission is to deliver 100% customer success.

Topics: Press Releases

OneStream Software Named a Leader in the 2020 IDC MarketScape for Cloud Enterprise Performance Management Software

Posted by John O'Rourke on Nov 18, 2020 1:03:44 PM

November 18, 2020 09:00 AM Eastern Standard Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, announced today it has been positioned in the Leaders Category in the 2020 IDC MarketScape for Cloud Enterprise Performance Management (EPM) Software for Planning, Budgeting, and Forecasting. OneStream is recognized for its comprehensive and configurable platform and XF Marketplace, which offers more than 50 solutions that can be quickly configured and deployed by the company’s rapidly growing customer base to address additional requirements without adding complexity.

The report highlights OneStream’s significant growth and success in the EPM market with several new large enterprise accounts, which in Q3 alone included the addition of 5 customers each generating over $1M in Annual Recurring Revenue (ARR). According to the report, “OneStream offers a lot of flexibility with deployment options and pricing to suit the needs of customers. The user interface is modern and appealing and allows users to see exactly where they are in their workflow.”

"Enterprise performance management is a critical tool for executive decision making as it allows enterprises to plan and model different scenarios, which is a critical capability in this volatile business environment," according to Chandana Gopal, Research Director, Analytics and Information Management at IDC. "Modern EPM allows users to plan across business functions and predict the impact of business changes and also allows enterprises to make strategic data-driven decisions.”

This recognition builds on the impressive momentum OneStream has achieved this year in the face of a global pandemic, including adding 60 new customers in Q3 and achieving 160 percent year-over-year growth in sales for the quarter.

“This recognition as a Leader in the 2020 IDC MarketScape for Cloud EPM Software is further validation of our mission of delivering 100 percent customer success with an extensible platform that unifies and streamlines critical finance processes,” said Tom Shea, CEO of OneStream Software. “In today’s volatile economic environment Finance teams have to find ways be more agile. The fact that our platform was specifically designed to unify many traditional finance processes such as budgeting, planning, financial close, consolidation and reporting as well as deliver the financial and operational insights needed for agile decision making helps our customers lead at speed.”

This IDC MarketScape study assesses global enterprise performance management (EPM) software vendors in 2020 through the IDC MarketScape methodology. This evaluation discusses both quantitative and qualitative characteristics of EPM applications in the market, specifically the planning, budgeting, and forecasting tasks that are typically conducted in support of the finance function.

IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgment about the market and specific vendors. IDC analysts tailor the range of standard characteristics by which vendors are measured through structured discussions, surveys, and interviews with market leaders, participants, and end users. Market weightings are based on user interviews, buyer surveys, and the input of IDC experts in each market. IDC analysts base individual vendor scores, and ultimately vendor positions on the IDC MarketScape, on detailed surveys and interviews with the vendors, publicly available information, and end-user experiences in an effort to provide an accurate and consistent assessment of each vendor's characteristics, behavior, and capability.

To access a complimentary copy of the report excerpt, click here: https://info.onestreamsoftware.com/idc-epm-marketscape-2020

IDC MarketScape: Worldwide Cloud Enterprise Performance Management Software for Planning, Budgeting, and Forecasting 2020 Vendor Assessment" by Chandana Gopal, November 2020, IDC #US46953520

About OneStream Software

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.

OneStream is an independent software company backed by private equity investor KKR. With over 600 customers, 200 partners and over 600 employees our primary mission is to deliver 100% customer success.

About IDC MarketScape

IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

Topics: Press Releases

OneStream Achieves Record Q3 Results with Strong Sales and Customer Growth Despite Pandemic’s Economic Impact

Posted by John O'Rourke on Oct 29, 2020 12:33:33 PM

October 29, 2020 09:00 AM Eastern Daylight Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, today announced it achieved record results for Q3 as new sales, customer and partner acquisitions saw exceptional growth during the quarter. Additionally, OneStream continued to receive notable recognition for its products, services and leadership, including its recognition as a Leader in Gartner’s 2020 Magic Quadrant for Cloud Financial Planning and Analysis (FP&A) Solutions.

With 160 percent year-over-year growth in sales for the quarter, OneStream experienced record results in Q3 as enterprises worldwide continued to invest in solutions to help them navigate the impacts of the COVID-19 pandemic and beyond. The quarter included the addition of 60 new customers, including 5 customers with over $1M in Annual Recurring Revenue (ARR). New customers were added across nearly every industry and geography and included Subway, Vima Foods, Downer Group, Camping World, and Ingram Micro.

Those additions bring OneStream’s global base to more than 570 customers, with over 100 new customers added in 2020 alone. The rapid growth illustrates a global market that recognizes the need for cloud-based planning, reporting and analysis solutions that can replace spreadsheets and legacy applications and provide the agility needed to help Finance teams navigate the challenges presented by the pandemic. To continue expanding its solution delivery capabilities to those customers, OneStream added more than 15 partners during the quarter, bringing its global ecosystem to over 200 partners.

“While the pandemic initially slowed some investment decisions earlier in the year, it has really evolved into a wake-up call for many organizations who have been reliant on spreadsheets or legacy applications for planning, reporting and analysis of their business,” said Tom Shea, CEO of OneStream Software. “As a result, we have seen increased demand for our unified, cloud-based platform to help organizations digitally transform critical finance processes, increase agility in planning and reporting, and help leaders gain better, faster insights into their business to support right-time decision making.”

In addition to OneStream’s strong growth across key metrics in Q3, the company was recognized as a Leader in the 2020 Gartner Magic Quadrant for Cloud FP&A Solutions. The firm evaluated cloud FP&A solutions providers based on their ability to execute and completeness of vision and OneStream believes being named a Leader this year is a result of the power of its platform, its commitment to 100 percent customer success and its unique ability to deliver new solutions to address the increasing demands on the Office of Finance. In addition, OneStream CEO Tom Shea was named a winner in Ernst & Young’s Entrepreneur of the Year regional award for Michigan and Northwest Ohio.

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

Sources: Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker and Greg Leiter, 06 October 2020. Magic Quadrant for Cloud Financial Close, 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.

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 550 customers, 175 partners and over 500 employees our primary mission is to deliver 100 percent customer success. OneStream was named to the 2020 Inc. 5000 and Deloitte 2019 Technology Fast 500 lists of the fastest-growing companies in North America. To learn more follow our blog at http://blog.onestreamsoftware.com.

Topics: Press Releases

OneStream Software selected by Costco Wholesale Corporation to Move Financial Consolidation and Planning to the Cloud

Posted by John O'Rourke on Oct 29, 2020 11:26:55 AM

Global Membership Warehouse Chain to Adopt OneStream XF Cloud CPM Platform

October 29, 2020 09:00 AM Eastern Daylight Time

ROCHESTER, Mich.--(BUSINESS WIRE)--OneStream Software, a leader in corporate performance management (CPM) solutions, was selected by Costco Wholesale Corporation to perform its global financial consolidations, reporting, planning and analysis in the cloud. Costco will be replacing legacy applications and in-house budgeting software with the unified OneStream XF Cloud platform.

“OneStream is proud to be selected as Costco’s trusted platform for their next generation of financial transformation,” said Benjamin Haass, Northwest Sales Manager of OneStream Software. “We believe that this partnership will transform how Costco consolidates, plans and forecasts across their organization.”

“We are honored by the opportunity to partner with Costco,” said Ken Hohenstein, SVP of North America of OneStream Software. “Tackling Costco-sized requirements head-on in the cloud is exactly what OneStream was built for: managing critical financial processes more effectively, with the ability to easily expand the platform to match changing business needs.”

About OneStream Software

OneStream Software provides a modern Corporate Performance Management solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed in the cloud or on-premise, OneStream XF is one of the first and only solutions that delivers corporate standards and controls, with the flexibility for business units to report and plan at additional levels of detail without impacting corporate standards – all through a single application.

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 2020 Inc. 5000 as one of the top 700 fastest-growing companies in North America.

Topics: Press Releases

Ingram Micro Selects OneStream Software to Streamline Complex Finance Operations

Posted by John O'Rourke on Oct 29, 2020 10:45:17 AM

Technology Distributor to replace existing systems with OneStream’s Unified Finance Platform

October 29, 2020 09:00 AM Eastern Daylight Time

ROCHESTER, Mich.--(BUSINESS WIRE)--Ingram Micro, the world's largest technology distributor and a leading provider of innovative technology logistics services and solutions, has made the decision to implement OneStream Software’s modern, unified corporate performance management (CPM) platform. With OneStream, Ingram Micro will simplify and gain valuable insight into core processes across its enterprise.

“OneStream will strategically bring together our financial consolidation, reporting and planning processes, with the ability to add additional solutions, like capital planning and account reconciliations, under the same platform and license,” said Fachtna Keohane, SVP of Finance for Ingram Micro.

By migrating its legacy applications to OneStream’s unified platform, Ingram Micro looks to accelerate its financial close and reporting cycle while also maturing budgeting and forecasting across the organization. OneStream also provides a unique ability for Ingram Micro to expand its current allocation and profitability solution, which is currently comprised of an assortment of different technologies spanning the company’s 200,000+ customers and 2,000+ vendors.

“We are thrilled for Ingram Micro to have chosen OneStream and have faith in our leadership and market direction,” said Mark Reed, VP of Sales – Western US, OneStream Software. “OneStream’s platform capabilities proved to the Ingram Micro executive team that issues with their current web of applications could easily be solved in OneStream, while also discovering new possibilities through the OneStream XF MarketPlace. This partnership will be monumental in OneStream’s mission of delivering 100 percent customer success to similar sophisticated organizations struggling with fragmented finance applications.”

OneStream Services will deliver the project which includes 1,100 users on the OneStream XF Cloud using Microsoft Azure. The scope for Phase 1 is to build an extensible application that allows Ingram to attack consolidations, reporting, planning, account reconciliations, capital planning, and people planning within a 7-month implementation window. Phase 2 will be to use OneStream for product profitability analysis.

About Ingram Micro

Ingram Micro helps businesses realize the promise of technology. It delivers a full spectrum of global technology and supply chain services to businesses around the world. Deep expertise in technology solutions, mobility, cloud, and supply chain solutions enables its business partners to operate efficiently and successfully in the markets they serve. Unrivaled agility, deep market insights and the trust and dependability that come from decades of proven relationships, set Ingram Micro apart and ahead. Discover how Ingram Micro can help you realize the promise of technology. More at www.ingrammicro.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 2020 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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