Reduced complexity and streamlines finance processes with a ‘single source of truth’

December 12, 2019 10:35 AM Eastern Standard Time

ROCHESTER, Mich.–(BUSINESS WIRE)–Terex Corporation (NYSE: TEX), a global manufacturer of lifting and material processing products for industrial purposes, has replaced multiple legacy finance systems with a single cloud platform from OneStream Software. Consolidating core financial processes onto the OneStream XF Cloud platform has helped Terex improve efficiency while cutting costs.

“Overall the OneStream platform has provided cost-saving 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,” said Jon Paterson, vice president, financial planning and analysis for Terex.

Facing costly upgrades of legacy systems and seeking to streamline a fragmented-systems approach to budgeting and planning, Terex saw an opportunity to start fresh with a single solution for actuals reporting and planning that provided enough detail to accommodate both processes in a single system. OneStream FX Cloud has provided Terex with that single, unified platform.

OneStream XF Cloud has fully replaced legacy systems for financial consolidation, close, reporting, budgeting and planning. Terex has been able to automate many manual processes as a result and eliminate painful data administration being performed by the Financial Planning & Analysis (FP&A) team while also providing a solution for line-of-business planning.

“Corporate finance processes are highly connected, yet many organizations have disparate systems and point solutions that don’t intuitively work well together. This approach is inefficient and can introduce unnecessary risk. Terex Corporation shows how moving to a unified platform drives new efficiencies, cuts costs and puts a renewed focus on planning and analysis to ultimately make faster, better business decisions,” said Craig Colby, chief revenue officer for OneStream Software.

Streamlining Financial Consolidation and Reporting

Moving to the OneStream FX Cloud platform greatly reduced complexity and simplified financial consolidation and reporting. With OneStream, Terex was able to greatly reduce reporting entities, with 97 percent now loading straight from its 28 enterprise resource planning (ERP) systems. Full system consolidation has been cut from about 2.5 working days to 30 minutes or less. This is giving Terex more time to focus on strategic finance activities, such as FP&A.

“By eliminating manual efforts and leveraging OneStream’s automation, the new system has streamlined the financial close, budgeting and forecasting processes and improved data quality and availability as a result,” continued Paterson.

For more information on the Terex Corporation’s OneStream Solution, see our case study and video at: https://www.onestreamsoftware.com/success-stories/terex.

About Terex Corporation

Terex Corporation is a global manufacturer of lifting and material processing products and services that deliver lifecycle solutions to maximize customer return on investment. The Company reports in two business segments: Aerial Work Platforms, and Materials Processing. Terex delivers lifecycle solutions to a broad range of industries, including the construction, infrastructure, manufacturing, shipping, transportation, refining, energy, utility, quarrying and mining industries. Terex offers financial products and services to assist in the acquisition of Terex equipment through Terex Financial Services. Terex uses its website (www.terex.com) and its Facebook page (www.facebook.com/TerexCorporation) to make information available to its investors and the market.

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.

Distinction based on feedback and ratings from end-user professionals who have experience purchasing, implementing and/or using the product or service

December 05, 2019 06:49 AM Eastern Standard Time

ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named a November 2019 Gartner Peer Insights Customers’ Choice for Cloud Financial Planning and Analysis. Gartner defines Cloud Financial Planning and Analysis as solutions that support the office of finance’s budgeting, planning and forecasting efforts.

“The digital transformation of finance is all about becoming more strategic and enabling faster, better business decisions. Financial planning and analysis solutions that can scale across the enterprise and align with other finance and operational processes are central to that. We believe this Gartner Peer Insights Customers’ Choice recognition validates our mission of delivering 100% customer success and providing a scalable platform that can address a broad range of planning, reporting and analysis requirements. We are proud of the value we are delivering to customers, as evidenced by the reviews and comments that were shared on Gartner Peer Insights” said Tom Shea, CEO at OneStream Software.

By aligning and simplifying key financial processes — including financial consolidation, reporting, planning, forecasting and analysis — on a unified platform, OneStream is helping a growing number of enterprises to replace legacy applications, spend less time managing systems and data, and spend more time on planning and analysis. The software is architected to support large-scale cloud or on-premise deployments and can easily be extended to address new functional requirements through the OneStream XF MarketPlace with more than 50 business and productivity solutions that add value without adding complexity.

OneStream recently announced new advanced features, including built-in, governed analytics that bring financial and detailed operational data together for improved business analysis and insights, as well as new BI dashboards and visualization tools.

About Peer Insights:

Peer Insights is an online platform of ratings and reviews of IT software and services that are written and read by IT professionals and technology decision-makers. The goal is to help IT leaders make more insightful purchase decisions and help technology providers improve their products by receiving objective, unbiased feedback from their customers. Gartner Peer Insights includes more than 215,000 verified reviews in more than 340 markets. For more information, please visit  https://www.gartner.com/reviews/home

Gartner Disclaimer

Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.

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 fast-growing companies in North America. Learn more at www.onestreamsoftware.com.

Recognized with the highest scores for Global Organization, Large Organization and Upper Midsize Organization Use Cases

November 21, 2019 06:11 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, has been scored in six use cases evaluated by Gartner in the 2019 Critical Capabilities for Cloud Financial Close Solutionsreport.

OneStream Software was recognized with the highest scores in the Global Organization, Large Organization and Upper Midsize Organization use cases and had one of the highest three scores in five of the six use cases.

The Critical Capabilities report covers 10 vendors and providers’ product and service offerings. It is a companion report to the 2019 Magic Quadrant for Cloud Financial Close Solutions2,” where OneStream Software was named a Leader.

“A growing list of customers, including some of the world’s largest enterprises, are digitally transforming finance with OneStream to become more agile and strategic. With our unified platform they streamline their financial close, consolidation and reporting cycles; align financial and operational planning in the same application and leverage built-in analytics and dashboards to make more informed business decisions with confidence. We believe our scores and rankings in Gartner’s Critical Capabilities for Cloud Financial Close Solutions validate our ability to address the needs of a wide variety of organizations from mid-sized companies to large and global organizations with diverse business units, sophisticated organization structures, and complex financial reporting requirements,” said Tom Shea, CEO of OneStream.

By unifying financial consolidation, reporting, planning and analysis in a single platform, OneStream customers are eliminating multiple point solutions and realizing significant savings in time and costs. Last month, OneStream extended its SmartCPM™ platform with built-in governed analytics that bring together financial and detailed operational data for improved business insights and also introduced new BI dashboards and visualization tools.

Download a complimentary copy of the 2019 Gartner Critical Capabilities for Cloud Financial Close Solutions here: https://info.onestreamsoftware.com/gartner-2019-critical-capabilities-for-cloud-financial-close-solutions.

Gartner Critical Capabilities for Cloud Financial Close Solutions, Robert Anderson, John Van Decker and Greg Leiter, 11 November 2019
2 Gartner Magic Quadrant for Cloud Financial Close Solutions, 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.

Bill Koefoed Joins OneStream Software to Support Rapid Growth and Expansion

November 19, 2019 07:11 AM Eastern Standard Time

ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, the leader in Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has appointed Bill Koefoed its new Chief Financial Officer as it expands the management team to support the company’s rapid growth. OneStream was ranked on Deloitte’s 2019 Technology Fast 500™ list and has been on theInc. 5000 list of fastest growing companies for four years running. The company received a significant investment from KKR earlier this year.

With more than 25 years of industry experience, including senior leadership roles at Microsoft, BCG, Blue Nile and Puppet, Koefoed joins as OneStream Software continues to scale and grow. Driven by the mission that every customer is a success and reference, OneStream Software provides a revolutionary CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics, and financial data quality for sophisticated organizations.

“Bill Koefoed has deep expertise in finance in the technology industry. He brings many years of experience with Microsoft as well as helping emerging companies grow and scale. He further builds out our management bench strength and heads up an already strong finance team as we expand to support further growth. We are thrilled to have him join OneStream,” said Tom Shea, CEO of OneStream Software.

Before joining OneStream, Koefoed was the CFO for online retailer Blue Nile and prior to that a partner and the CFO for BCG Digital Ventures – part of The Boston Consulting Group. At BCG, he helped build, launch, and grow category-changing businesses for some of the world’s most influential companies. He was named ‘CFO of the Year’ by the Portland Business Journal while serving as CFO for IT automation firm Puppet Inc. He was the CFO of Microsoft’s Skype Division and before that, the general manager for investor relations at Microsoft. He is currently a board member and the audit committee chair for Bank OZK.

“The digital transformation of finance is fueling continued and sustainable growth for OneStream Software. By helping some of the world’s largest enterprises reduce reliance on spreadsheets and legacy antiquated CPM applications, OneStream is helping finance teams reduce TCO, streamline processes and shift more time to analysis and supporting faster, better business decisions,” said Koefoed. “As a CFO myself, I’m honored to join OneStream and have the opportunity to help fellow CFOs worldwide modernize finance and digitally transform their operations.”

OneStream is a Leader in Gartner’s 2019 Magic Quadrant for Cloud Financial Close Solutions1 and was recognized earlier this year as an April 2019 Gartner Peer Insights Customers’ Choice for Cloud Financial Planning and Analysis Solutions.

For more information, go to www.onestreamsoftware.com

Gartner Magic Quadrant for Cloud Financial Close Solutions, Robert Anderson, John Van Decker and Greg Leiter, 21 October 2019

 Leader in corporate performance management solutions for the office of finance continues to grow rapidly, expanding team at Rochester headquarters

ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in corporate performance management (CPM) solutions for the mid-sized to very large enterprise, has been awarded a Top Workplaces in Michigan 2019 honor by The Detroit Free Press. The list is based solely on employee feedback gathered through a third-party survey administered by research partner Energage, LLC, a leading provider of technology-based employee engagement tools. The anonymous survey measures several aspects of workplace culture, including alignment, execution and connection.

“The Michigan Top Workplaces 2019 award is strong validation of the company, work environment and the culture we’ve built. More importantly, it speaks to our tremendous team of very talented, entrepreneurial employees who help us to grow, innovate and thrive every day. This award is very much an honor to them, recognizing their hard work and many contributions that collectively make OneStream a leader and a top place to work,” said Martha Angle, director of human resources for OneStream Software.

OneStream provides CPM solutions that help CFOs and the office of finance to manage the financial close and reporting processes as well as financial planning, analysis and forecasting. A growing number of enterprises worldwide have implemented the OneStream platform fueling rapid growth, including an expanding team of employees in Michigan. OneStream opened a second facility in Rochester in 2018 to accommodate local growth and continues to hire.

“The Top Workplaces award is about much more than recognition and celebration,” said Eric Rubino, CEO of Energage. “Our research also shows that these organizations achieve higher referral rates, lower employee turnover and double the employee engagement levels. It just goes to show that being intentional about culture delivers bottom-line results.”

“Talent is one of the biggest benefits the Detroit Metro area offers for tech companies,” OneStream CEO Tom Shea wrote an editorial earlier this year on diversifying the local economy. “Detroit is where Henry Ford pioneered automobile manufacturing and Berry Gordy launched Motown. Today it is attracting a new generation of entrepreneurs, seeking to be part of the Detroit economic miracle.”

Read the full editorial here

For more information on OneStream, go to 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.

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 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestreamsoftware.com

About Energage, LLC

Headquartered in Exton, Pa., Energage is a leading provider of technology-based employee engagement tools that help leaders to unlock potential, inspire performance, and achieve amazing results within their organizations. The research partner behind the Top Workplaces program, Energage has surveyed more than 58,000 organizations representing well over 20 million employees in the United States.

 Corporate Performance Management (CPM) software leader on list for second consecutive year with 528 percent revenue growth

ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in Corporate Performance Management solutions for mid-sized to large enterprises, today announced it ranked 207th on Deloitte’s 2019 Technology Fast 500™, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

OneStream Software’s CEO Tom Shea credits the company’s rapid ascension on this Fast 500 list to the strong momentum of OneStream XF as the platform of choice for digital transformation in the office of finance, as enterprises migrate from legacy CPM products such as Oracle Hyperion, SAP BPC and IBM Cognos, to our modern, unified platform. He said, “The office of finance is becoming an increasingly strategic function with the ability to enable faster and better business decisions, but to do so they must simplify, accelerate, and automate finance processes and provide deeper financial and operational insights to business leaders to enable confident decision-making.”

This is the second year in a row that OneStream has ranked a Technology Fast 500™ award winner, climbing to rank 207th this year.

“Congratulations to the Deloitte 2019 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

Overall, 2019 Technology Fast 500™ companies achieved revenue growth ranging from 166% to 37,458% from 2015 to 2018, with median growth of 439%.

About Deloitte’s 2019 Technology Fast 500™

Now in its 25th year, Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies — both public and private — in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2015 to 2018.

In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company’s operating revenues. Companies must have base-year operating revenues of at least $US 50,000, and current-year operating revenues of at least $US 5 million. Additionally, companies must be in business for a minimum of four years and be headquartered within North America.

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 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestreamsoftware.com.

About Deloitte

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.

 Improved placement on both the ability to execute and completeness of vision axes, compared to the previous report, position OneStream in the Leaders Quadrant this year

ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in Corporate Performance Management (CPM) solutions for the mid-sized to very large enterprise, has been recognized as a Leader in the Gartner Magic Quadrant for Cloud Financial Close Solutions1. This year OneStream has improved its position on both axes, compared to the previous version of the report, and has moved from Visionary to the Leaders Quadrant.

To access a complimentary copy of the full report, click here: https://info.onestreamsoftware.com/gartner-magic-quadrant-for-cloud-financial-close-solutions-2019

“We are proud to be recognized as a Leader in the Gartner Magic Quadrant for Cloud Financial Close Solutions. We believe this recognition validates the value our customers realize by adopting our unified OneStream XF platform to modernize and streamline their financial close, reporting, planning and analysis processes. This recognition, we believe, also validates the mission we started several years ago to develop a modern, unified, scalable and high-performance platform that can easily be extended as the digital transformation of finance continues to evolve,” said Tom Shea, CEO of OneStream Software.

Robert Anderson and John Van Decker, Research VP Analysts and Greg Leiter, Senior Director, Analyst wrote in the Magic Quadrant for Cloud Financial Close Solutions, “The cloud financial close market has impacted the office of finance. Several trends fueled by technological change are enabling the office of finance to improve the financial close process in terms of effectiveness, efficiency and compliance.”

OneStream’s customers, including some of the world’s largest global enterprises, are leveraging the unified OneStream XF platform to accelerate their financial consolidation and close, streamline planning and forecasting, and extend analysis deeper into the organization with confidence. By unifying these processes in a single platform, OneStream customers eliminate multiple point solutions and realize significant savings in time and cost, so they can focus fewer resources reporting past performance and more on driving future performance.

“I can truly attest to and appreciate the value we’re getting from a single, integrated CPM platform from OneStream. We have dramatically simplified our technical landscape while improving our reporting and analysis capabilities through the use of extensibility, self-service workflow-based reporting, and more,” said Ryan Wild, VP, Global Technology & Solutions at The Carlyle Group.

Earlier this year, OneStream Software was recognized by Gartner as an April Gartner Peer Insights Customers’ Choice for Cloud Financial Planning and Analysis Solutions and as a Visionary in the Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions2.

To access a complimentary copy of the full report, click here: https://info.onestreamsoftware.com/gartner-magic-quadrant-for-cloud-financial-close-solutions-2019

Gartner Magic Quadrant for Cloud Financial Close Solutions, Robert Anderson, John Van Decker and Greg Leiter, 21 October 2019
Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker, Greg Leiter, 8 August 2019.

Gartner Disclaimers

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.

Gartner Peer Insights Customers’ Choice constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Gartner or its affiliates.

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 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestreamsoftware.com 

New Analytic Blend capability brings together financial and operational data for improved business insights

ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in Corporate Performance Management (CPM) solutions for the mid-sized to very large enterprise, today announced the availability of the latest release of its OneStream XF platform. The release features a unique new Analytic Blend capability that empowers the Office of the CFO to quickly blend detailed operational and transactional data with the trusted financial data already managed in the OneStream XF platform.

“Finance is increasingly being asked to be a more strategic partner with the business. But most CPM suites and platforms are limited in their ability to manage large volumes of detailed financial, operational, and transaction data in one place,” said Tom Shea, CEO of OneStream Software. “Analytic Blend gives the finance organization the ability to bring all this data together and leverage all the financial intelligence and control that the OneStream XF platform is known for. Our built-in governed analytics reduce reliance on third-party BI tools, reduce data latency, and ensure governance and security. It allows finance and their business partners to analyze without compromise.”

Governed Analytics for Accurate Data and Deeper Insights

Analytics, business intelligence and visualization have emerged as top drivers for businesses seeking to digitally transform finance. As finance teams become more strategic and forward-looking, they require solutions that both provide detailed insight into finance and operations, with the ability to quickly share these insights with other decision makers across the organization. With Analytic Blend and new built-in self-service dashboards and analytics, finance and business users can have all the information they need for deep business insights and decision-making in a secure, controlled environment.

“Our 2019 Wisdom of Crowds research reveals that the top 5 BI initiatives include reporting, dashboards, visualization, data integration and end-user self-service, with an increased importance placed on collaboration and governance to create an environment where users can easily create and share insights in a managed and consistent fashion,” said Howard Dresner, founder and chief research officer, Dresner Advisory Services. “Finance and line-of-business users within larger enterprises are looking for these governance and analytics features to facilitate the broader adoption of BI and analytics throughout their organizations.”

“The new OneStream BI Dashboards will make it easy for finance and line-of-business analysts to quickly create interactive visualizations on key business metrics that our leaders can use to make decisions and drive profitable action. Having this ability in our unified OneStream XF platform will reduce reporting latency, and retain security and governance over critical business information,” said Rachel Murphy, manager of financial planning and analysis for Guardian Glass.

The new analytics, BI and visualization features are all available immediately as part of the fall 2019 release of the OneStream XF platform. To learn more, join our upcoming webinar titled “Taking Data-Driven Decision Making to the Next Level with Governed Analytics” on October 29. Register here: https://info.onestreamsoftware.com/-taking-data-driven-decision-making-to-the-next-level-with-governed-analytics

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 2019 Inc. 5000 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestreamsoftware.com

CAFL Global, Steel Dynamics and Terex among growing list of customers migrating multiple legacy finance systems to OneStream’s unified platform and Microsoft Azure

September 24, 2019 06:11 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, announced that 75% of new customers in the past 12 months have chosen its OneStream XF Cloud solution, powered by Microsoft Azure. AFL Global, Steel Dynamics, Inc., and Terex Corporation are among a growing list of enterprises migrating multiple legacy on-premise finance systems and cloud-based point solutions to the unified OneStream XF Cloud solution.

“Our integration with Microsoft Azure provides a modern and trusted digital foundation for OneStream customers. We leverage Azure’s advanced data security, infinite and flexible scalability and rapid time-to-value advantages to deliver the only truly unified, comprehensive, enterprise-scale cloud CPM platform in the market today. Large enterprises don’t want to compromise on capability, usability, scalability or performance when they move to the cloud and with OneStream XF Cloud on Azure they don’t have to,” said Tom Shea, CEO of OneStream Software.

The OneStream XF Cloud solution integrates Microsoft Azure Active Directory, Azure SQL Database and Azure Key Vault in addition to supporting a wide range of international-, country- and industry-specific regulatory requirements including FedRAMP. These are core features that enterprises seek in cloud solutions for the office of finance.

“OneStream Software enables organizations to modernize corporate finance and ease the transition to the cloud with Microsoft Azure,” said Lani Phillips, VP of Channel Sales at Microsoft Corp. “For financial systems and CFOs, OneStream XF Cloud is a unified and cost-effective alternative to upgrade legacy CPM ‘suites’ from Oracle, SAP, IBM and others.”

Digital Transformation of Finance

Migrating multiple systems to a single OneStream XF Cloud platform powered by Azure helps organizations accelerate financial close, planning and reporting cycles and provides deep insight into financial and non-financial data to support better business decisions. The OneStream XF MarketPlace provides purpose-built solutions that easily extend the platform to address additional requirements such as account reconciliations, lease accounting, tax provisioning or people and capital planning.

Hundreds of large organizations globally are using OneStream XF to modernize finance and drive their finance digital transformation strategy. AFL, Steel Dynamics and Terex each replaced multiple legacy CPM applications with OneStream XF Cloud on Azure and have seen significant benefits.

AFL

“With AFL’s rapid growth, we recognized the need for a corporate finance platform that could handle our complex environment while also offering us the ability to adapt to changes. After a successful on-premise implementation, AFL moved to OneStream XF Cloud powered by Azure. No new implementation was needed and within a few hours, AFL completed an application upgrade. The consolidation process that previously took hours now takes only minutes. In addition, OneStream offers full budgeting and forecasting capabilities along with superior cash-flow reporting and a solution for account reconciliations that replaced our previous account reconciliation solution,” said Pam Brady, global financial business analysts, AFL.

Steel Dynamics

“The reason that we selected Azure to migrate to the cloud is that we wanted to allow our IT department to work on other items rather than just managing the infrastructure for financial consolidation. This allows us to take full advantage of the OneStream XF platform for strategic functions. At the end of the day, we’re very happy that with OneStream XF and Azure, our corporate accounting team can control our own destiny rather than relying on IT to do everything,” said Kyle Kohne, project manager, Steel Dynamics.

Terex

“The OneStream XF Cloud platform powered by Azure has provided significant cost savings and opportunities throughout the organization. Terex replaced multiple systems and manual efforts with a single, unified solution that handles consolidations, reporting, budgeting and planning and can be extended to address additional needs going forward. The new system has reduced consolidation times and significantly improved our budgeting and forecasting processes by aligning our detailed business plans with financial goals,” said Jon Paterson, VP FP&A, Terex.

Learn more about OneStream at www.onestreamsoftware.com

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 2019 Inc. 5000 as one of the top 700 fastest-growing companies in North America.