“With the need to report to shareholders by the 5th business day after month-end, using Hyperion required the Finance team to spend many late nights. There are no longer any late nights with OneStream. We have gained at least a day during month-end, because we don’t have load up the accounts for users anymore.”
"OneStream has provided a huge benefit in keeping information aligned, with automated control procedures in place, so when business changes happen, we can keep up. It’s all about offering solutions to the business and delivering rapid value. Instead of being viewed as a corporate application, OneStream is a platform [that] adds value and continues to add value by providing timely insights."
“With OneStream, we estimate a reduction of over 300 hours a month on our standard monthly reports. We were also able to close the books and generate reports in one business day compared to 15 with our previous process. And with MarketPlace, we can plan for our workforce and model various formulation scenarios before the submission process. OneStream’s FedRAMP Moderate rating was also critical in enabling our Authority to Operate(ATO) to modernize to a cloud SaaS solution, which was a critical step in our transformation journey.”
"Once we went live on OneStream, our manual consolidation process went away and everything became much more efficient. We kicked off the project in January 2019, focusing on consolidations first. Then we rolled right into implementation of our budget process, which was up and running for our 2020 budget cycle. The entire implementation took only nine months to complete."
“Everything from reconciliations to cube views to custom reporting has been huge. Best of all has been the drill-down functionality. When someone asks a question about an amount, I can drill into the detail and see exactly what’s pulling into it and provide support. With OneStream, the answer is always at your fingertips, which I really like.”
"OneStream has really simplified our processes. All the administrative tasks with Excel®-based budgeting have gone away. We can now spend more time on review, analysis and value-add activities."
"Providing daily data at their fingertips, executive-level dashboards are supported by deeper dives into specific financial focus areas. By leveraging OneStream’s Guided Reporting, BDO users can choose which rows are paired with which columns for a reporting experience tailored to their needs."
“Our main challenge with Hyperion was having limited dimensionality. We needed more operational details and better reporting and analysis.”
"Achieving transparency, control, and governance across our international businesses was our biggest challenge with Anaplan. And now the individual businesses can do local management reporting with a deeper level of data for analysis. We’ve been able to create a very seamless connection between our Unit4 ERP and OneStream, which works really well."
"OneStream has created confidence in our contracts. There are no longer any surprises in our financial data. We can easily see the results over time for comparison purposes, so we can answer any questions quickly. In the past, we did not have a good gut feeling about our data. Everyone had their own view of the truth. But now we have one voice, one truth."
“As the first adopter of OneStream in the Netherlands, we took a chance and it was a good one. The flexibility of OneStream would allow us to connect the full-system landscapes across locations to create harmony for group standards. This was key because we would no longer need to move data between fragmented systems.”
"Extensibility is such a powerful feature of OneStream. By extending our corporate chart of accounts to the level of each unique GL system, the data in OneStream is both relevant and inclusive for all our regions. It allows corporate and regions to speak the same language. In our old world with SAP BPC, we were closing the books on Day six and now we’re closing at Day four. That’s something we are incredibly proud of and something OneStream has helped us achieve."
“SAP BPC hadn’t really been improved in the last few years, and there were some gaps in their offering."
“Our decision criteria really came down to what we heard from our users. Above all, they wanted a single product."
"We don’t argue about the numbers anymore. Now we’re looking at the financials and adding real analytical value rather than just reporting on them."