BARC Highlights OneStream as a Challenger to Legacy Vendors
Whether you’re new to OneStream or already part of the family, our mission of 100% customer success never changes. In fact, not only is 100% customer success our mission – it’s why we exist. And in today’s highly competitive corporate performance management (CPM) market, our commitment to 100% success plays a major role in OneStream’s growth. To support this mission, OneStream is making significant investments in Europe, where 2019 revenue increased by over 200% YoY. And with new offices in the Netherlands, UK, Sweden, France and Germany to support our 100+ customers, OneStream’s mission is alive and well.
Our commitment to our customer success is also “why” we’re so humbled when we receive such positive industry and customer recognition.
And that makes it an honor to share our latest industry award, this time specific to Germany, Switzerland and Austria (a.k.a. DACH) OneStream has been highlighted within the BARC Score report for Financial Performance Management – DACH market for the first time.
Financial Performance Management
According to BARC, CPM plays a crucial role in increasing the competitiveness of companies. In fact, CPM is one of the central management tasks that aligns organizational strategies with business processes to achieve the highest level of performance at strategic, tactical and operational levels. Financial performance management (FPM) takes CPM one step further by incorporating the management and monitoring of financial results across the organization.
What Is the BARC Score?
Like the Gartner Magic Quadrants, the BARC Score considers BARC analyst feedback and assessment for a specific software market. BARC Scores are generic, rankings of vendors based on a set of detailed criteria. Scores are then plotted on two dimensions – “Portfolio Capabilities” and “Market Execution” – and categorized into five segments: Entrants, Specialists, Challengers, Market Leaders and Dominators.
So where did OneStream land for FPM within DACH?
2020 BARC Score Financial Performance Management – DACH
In OneStream’s first year of coverage, BARC highlights OneStream as a Challenger to legacy vendors within DACH (See Figure 1). Below are a few key points on OneStream from the BARC Score:
- Unified SmartCPM™ – BARC recognizes OneStream as being among the leading vendors for portfolio capabilities and highlights our unified platform for financial consolidation, close, reporting and planning with built-in financial analytic engine and financial data quality capabilities, available as OneStream XF Cloud (Microsoft Azure) or on-premises.
- XF MarketPlace – BARC highlights OneStream’s XF MarketPlace, which has more than 50 predefined business and productivity solutions that are fully supported and available free of charge to active customers.
- Customer Feedback – Excellent customer feedback for many important KPIs in BARC’s Planning Survey, including “Ease of use,” “Planning content,” “Performance satisfaction,” “Product satisfaction,” “Project success” and “Vendor support.”
Figure 1: 2020 BARC Score Financial Performance Management – DACH
“This is the first year of coverage for OneStream in the BARC Score report for Financial Performance Management solutions for the DACH market. OneStream’s position in the BARC Score matrix reflects the broad capabilities of the platform, combined with increasing market adoption and growing presence of the company in the DACH market. OneStream is well-positioned to challenge the established leaders in this market,” said Dr. Christian Fuchs, Senior Vice-President and Head of Data & Analytics Research at BARC.
100% Customer Success
So what does this all mean?
Well, despite OneStream being a relatively new player in the DACH markets, BARC sees OneStream as a credible alternative to legacy vendors, such as Oracle, SAP and Tagetik. And taken together with our 30 top ranks and 96% customer recommendation score from the 2019 BARC Planning Survey, the BARC Score is a powerful validation of not only OneStream’s commitment to the German, Austrian and Swiss markets but also our rapid growth throughout EMEA and the world.
To learn more, click here to download the 2020 BARC Score for Financial Performance Management – DACH.
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