143 OneStream Software Testimonials

“One of the biggest benefits of OneStream is more timely and accurate financial reporting. The monthly close process has been reduced from 15 days down to five or six days. We now have a good idea of what the monthly financial results will look like on day one of the close, and we can typically report on day five.”

“The Terberg Group was looking for an integrated platform for financial consolidation and management reporting. Our legacy system was cumbersome and consolidation required multiple manual entries which in turn created a lengthy and inefficient process. With OneStream, we were able to standardize and automate our consolidation process and reduce the time needed to generate corporate reports. Our controllers are now able to standardize and create manageable accounts, automate cash flow and leverage OneStream’s core budget and forecast capabilities. OneStream gave us the look and feel we were seeking in one unified product and application.”

"We like to forecast from a bottoms-up level, and with OneStream we are now able to forecast all of our expenses by vendor, by location, by product group and by currency. We’ve also automated our allocation and intercompany processes, which was a huge win because we were then able to get rid of that large Excel® model. OneStream has created a much more efficient process."

“One of the key benefits of the new tax provision solution has been moving to a monthly provision reporting package for all locations, which was previously done only quarterly. Our close process has significantly improved, and our reporting is more accurate for all locations. Users are excited about the automation and time savings from the Excel approach. They are spending more time reviewing and analyzing tax data before submission deadlines.”

“We reviewed OneStream Software alongside other CPM providers but quickly realized that other vendors did not have the same functionality that OneStream could provide. We needed something we could manage within our own financial group instead of relying solely on IT. OneStream XF gives us complete autonomy as well as transparency, visibility and drill back capabilities into transactional data. OneStream’s tailored solution has allowed each business unit the ability to take control of their own consolidation, reporting, analysis and close process, a key requirement in our corporation. Additionally, with People Planning, one of OneStream’s free downloadable specialty planning solutions, we were able to budget headcount and payroll costs. By combining operational and financial plans, we can accurately budget for our manufacturing needs and correctly match the required capacity with our anticipated production and revenue targets. Plant Controllers are able to enter Labor and Production drivers and OneStream calculates manufacturing absorption and labor variances for true capacity planning. Best of all, our reporting process is now much faster and easier. What once took 45 minutes to an hour now takes only minutes to complete.”

“With OneStream, consolidation is much faster, with fewer errors, providing the Finance team more time to analyze financials which is a huge improvement. The ability for users to view and drill into data is great, they can answer questions faster and focus on real issues. Information is timelier, so there’s deeper analysis and better problemsolving.”

“Dril-Quip’s new driver-based forecasting process within OneStream not only simplifies the workflow for each of our users by providing a guided step-by-step process, but it also enhances our users’ experience through the automation of processes that were previously manual in nature. As a result, Company management is able to make important operational and strategic decisions based on key trends identified by this higher quality forecast.”

“With OneStream the company has seen drastic improvements in the intercompany matching and elimination process, and faster consolidation and planning cycles. What that means for us is that we can spend more of our time actually analyzing the business and less of our time trying to just roll up reports to read out the business. We're catching things faster. We're digging in deeper. It's been really, really good.”

“With OneStream time-savings have been achieved in several areas. Data load times are faster. Allocations that used to take hours are now completed in minutes and are executed dynamically as data is changing. And overall the financial close process has been improved by 1 – 2 days per month. Upgrades to new releases have become much easier, typically completed in 2 hours.”

"Using OneStream’s Tax Provision solution has been a big improvement over the spreadsheet approach we were using before. For example, with OneStream we were able to efficiently consolidate our tax footnotes and financial statement disclosures, eliminating the previously manual process."

"When you hear the overwhelming positive customer feedback and see the additional capabilities of the OneStream platform, you know that they have a really powerful solution along with tremendous customer support."

"OneStream has proven to be extremely IT friendly with a half-day software installation and just a couple of hours for a full upgrade."

“There are many areas I can see that are going to be faster for us. I think OneStream was the right choice over continuing with our Hyperion solution.”

“Overall the OneStream platform has provided significant cost savings opportunities throughout the organization. Terex replaced multiple systems with a single, unified solution that handles consolidations, reporting, budgeting and planning and can be extended to address additional needs going forward.”

“With OneStream we have more time available to spend analyzing data rather than updating data and the flexibility of OneStream provides the ability to respond quickly to changing business needs.”