Value Index recognizes OneStream as a leader in adaptability, reliability and validation

December 21, 2021 09:00 AM Eastern Standard Time

Birmingham, Michigan (December 2, 2021) (BUSINESS WIRE) – OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today announced its classification as an Exemplary Vendor in the Ventana Research 2022 Value Index on Business Planning. OneStream was also recognized as a Value Index Leader in the adaptability, reliability and validation categories of the report based on its ability to meet a broad range of enterprise requirements, such as security and privacy, and scalability.

The Ventana Research Value Index on Business Planning is based on a comprehensive examination of 14 vendors’ products in seven evaluation categories – examining product experience and its ability to support the scope of business and technology planning needs, while also addressing the customer experience, supporting vendor validation, total cost of ownership and return on investment.

“OneStream has been investing to expand the capabilities of our platform to support the demanding financial and operational planning requirements of global enterprises,” said Tom Shea, CEO of OneStream. “Being recognized as an Exemplary Vendor in the Ventana Business Planning Value Index is validation that OneStream is a great choice for mid-sized to large organizations that need to gain agility in their planning and reporting, while aligning financial and operational plans across the enterprise.”

As a leader in adaptability, reliability and validation, OneStream demonstrates excellence in business and technology administration, support for security and privacy, and the highest level of confidence that the platform can operate 24 hours a day, 7 days a week, all year long. Additionally, OneStream’s product architecture, performance and scalability, and strong commitment to customer success make it a strong choice for global organizations with more complex requirements, large volumes of data and a broad base of users.

“Ventana Research recognizes OneStream’s ability to serve the rigorous business planning needs of finance and operations teams in today’s ever-changing business landscape,” said Robert Kugel, Senior Vice President and Research Director at Ventana Research. “It’s ability to align financial and operational plans with detailed modeling, combined with its Analytic Blend engine, enables users to confidently and effectively assemble a broad range of data to provide action-oriented insights to decision-makers across the enterprise.”

The Ventana Research Value Index on Business Planning aims to provide a balanced perspective of vendors and products rooted in an understanding of business drivers and needs. Organizations that consult the Value Index are able to select technology providers that will empower them to achieve the high level of efficiency that is necessary with business planning software. Ventana Research values the importance of a comprehensive, research-based approach to selecting business planning technology as the decision directly impacts the organization’s performance potential.

To learn more, download the Ventana Research 2022 Business Planning Value Index Report here.

About OneStream Software

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

About Ventana Research

Ventana Research is the most authoritative and respected benchmark business technology research and advisory services firm. We provide insight and expert guidance on mainstream and disruptive technologies through a unique set of research-based offerings including benchmark research and technology evaluation assessments, education workshops and our research and advisory services, Ventana On-Demand. Our unparalleled understanding of the role of technology in optimizing business processes and performance and our best practices guidance are rooted in our rigorous research-based benchmarking of people, processes, information and technology across business and IT functions in every industry. This benchmark research plus our market coverage and in-depth knowledge of hundreds of technology providers means we can deliver education and expertise to our clients to increase the value they derive from technology investments while reducing time, cost and risk. To learn how Ventana Research advances the maturity of organizations’ use of information and technology through benchmark research, education and advisory services, visit www.ventanaresearch.com.

Europe’s Leading Hospitality Group Replacing 10 Fragmented Products with OneStream

Birmingham, Michigan (December 8, 2021) – Accor, the sixth largest hotel operator in the world and number one in Europe, chose to implement OneStream, a leader in corporate performance management (CPM) solutions, for corporate reporting, hotel reporting, statutory consolidation and financial planning and analysis needs. Accor is replacing ten fragmented legacy applications, including Oracle Hyperion Financial Management (HFM), Microsoft BIA, IBM Cognos TM1 and others, with the unified OneStream Cloud platform deployed on Microsoft Azure.

Accor operates 5,100 hotels across 110 countries, employing over 280,000 people worldwide. With each country managing financial processes separately, using various disjointed tools, the group needed a unified CPM platform that would improve the accuracy and timeliness of financial data. After a very extensive evaluation process, Accor decided to move forward with OneStream following an evaluation process which started with 19 vendors.

“We needed a solution that would not only replace our existing Oracle HFM application but would also offer better support by bringing financial data from each global entity together into a single, unified platform,” said Patrick Laurent of Accor. “We found that OneStream is so much more than a consolidation system as it is capable of very sophisticated use cases for a complex organization like Accor. Extensibility, transparency, strong data integration, and innovation were all strong reasons why Accor decided to implement OneStream.”

The deployment began in April 2019, led by Jérémy Lamarche from Accor, accompanied by Deloitte for project management assistance. OneStream and its implementation partner Klee Performance are accompanying Accor by being in charge of project management for the implementation of the solution. Aside from replacing their Oracle HFM consolidation application in Phase I of the implementation, Accor will also deploy OneStream for detailed hotel level budget and forecasting data collection and management reporting.

“Accor is OneStream’s first French customer in the hospitality industry,” said Craig Colby, President of OneStream Software. “We recognize the strong demand in the market for a modern and intelligent CPM platform across this region and are honored by the opportunity to have been selected out of 19 competing vendors. For Accor, OneStream has proven to possess the capabilities to manage critical global finance processes more effectively within one platform.”

For more information on OneStream go to http://www.onestream.com.

About Accor

Accor is a world leading hospitality group consisting of more than 5,100 properties and 10,000 food and beverage venues throughout 110 countries. The group has one of the industry’s most diverse and fully-integrated hospitality ecosystems encompassing more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Accor’s unmatched position in lifestyle hospitality – one of the fastest growing categories in the industry – is led by Ennismore, a creative hospitality company with a global portfolio of entrepreneurial and founder-built brands with purpose at their heart. Accor boasts an unrivalled portfolio of distinctive brands and approximately 280,000 team members worldwide. 68 million members benefit from the company’s comprehensive loyalty program – ALL – Accor Live Limitless – a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Through its Planet 21 – Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the Group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY). For more information visit group.accor.com.

About OneStream Software

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

About Klee Performance

For more than 20 years, Klee Performance has supported financial departments in the success of their digital transformation projects as a specialist in information systems for performance management, EPM (Enterprise Performance Management) or CPM (Corporate Performance Management). Klee Performance is based on a selection of EPM solutions, driven by our convictions and our knowledge of this market. We are now focusing our expertise on the platforms of the best editors, of which OneStream is one, that we consider to be the most relevant to address the standardized and specific needs of our customers. The approach to our projects revolves around our dual functional and technological skills; To the technical expertise of Cloud or On-Premise architectures is added a mastery of the processes of the financial departments: statutory consolidation, budget preparation or operational reporting. Klee Performance is an offer of the Klee Group company.

Singapore office marks third location in APAC within the year for CPM software provider

December 01, 2021 08:00 PM Eastern Standard Time

Birmingham, Michigan (December 2, 2021) (BUSINESS WIRE) – OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today announced its further expansion across Asia-Pacific with the opening of a Singapore office. OneStream’s new Singapore office will be the third office for the organisation in the APAC region, enabling the company to extend its reach in the region and providing 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 increased its customer base 40 percent year over year and reported 88 percent growth in Annual Recurring Revenue.

“We are excited to continue our APAC expansion and open our newest office in Singapore to assist APAC enterprises seeking to overcome the many complexities within their financial operations. With a unified, scalable, solution OneStream is well-positioned to address those challenges on a global level,” 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, cloud point solutions and spreadsheets to OneStream’s unified intelligent finance platform to optimise and streamline their financial close, consolidation, reporting, planning, forecasting, and analysis processes. We look forward to working with APAC enterprises of all sizes and across industries to maximise 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.”

With residence currently in Frasers Tower at 183 Cecil Street Singapore, OneStream’s latest office will be home to the region’s pre-sales, sales, marketing, alliances and services team with a focus on supporting and expanding OneStream’s customer base across the Southeast Asia region.

Additionally, the new office will support the expansion of OneStream’s ecosystem of more than 200 global implementation partners which includes AMCO Solutions, James & Monroe, Leap Poder and Taysols that are already serving the Southeast Asia market.

“We implemented the first OneStream project in ASEAN over three years ago and now the rapid growth of OneStream in the Asia Pacific region will get an additional boost with the OneStream team opening their Singapore Office,” said Darshana Sanghavi, Manging Director, AMCO Solutions, APAC.  “We are delighted with this development as the combination of AMCO Solutions in the CPM market with OneStream’s local presence provides an outstanding option for any organisation looking to carry out finance transformation with the best CPM solution.”

The new Singapore office will enable OneStream to provide local support for its growing base of customers in the region, including Global Fashion Group. “Since we went live in 2020, the OneStream platform has become the central component in our group finance systems landscape. As we roll out further capabilities, it will play an ever more important part in supporting our growth. Southeast Asia is a key market for Global Fashion Group through our Zalora platform, so I am very happy to see OneStream continue to build its presence in the region,” said James Petitt, Internal Controls and Finance Systems Manager at Global Fashion Group.

For more information on OneStream and the expansion into the Southeast Asia region, join the “Unleashing the True Value of Finance” virtual launch event on December 9: https://hubs.li/H0_rXFV0.

About OneStream

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

Corporate performance management (CPM) software leader lands on list for third time with 297 percent revenue growth

November 17, 2021 12:30 PM Eastern Standard Time

Birmingham, Michigan –(BUSINESS WIRE)– OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today announced it ranked 391 on Deloitte’s 2021 Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

“The global pandemic that hit last year was a wakeup call for organizations that haven’t digitally transformed critical Finance processes,” said Tom Shea, CEO at OneStream. “OneStream continues to be the platform of choice for enterprises looking to replace multiple legacy CPM applications, cloud point solutions and spreadsheets to streamline Finance processes, improve insights and support better, faster, data-backed decision making.”

This is the third time that OneStream is recognized as a Technology Fast 500 winner, earning a 391 rank in 2021. Overall, 23 companies from the Great Lakes region were represented on the list including eight from Michigan.

“Each year the Technology Fast 500 shines a light on leading innovators in technology and this year is no exception,” said Paul Silverglate, Vice Chair, Deloitte LLP and U.S. technology sector leader. “In the face of innumerable challenges resulting from the pandemic, the best and brightest were able to pivot, reinvent and transform and grow. We celebrate the winning organizations and especially the talented employees driving their success.”

Overall, 2021 Technology Fast 500 companies achieved revenue growth ranging from 212% to 87,037% from 2017 to 2020, with median growth of 521%. For more information on Technology Fast 500 and OneStream’s ranking, visit www.fast500.com.

About OneStream

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success.

CPM software provider recognized for third consecutive year on list

November 15, 2021 10:30 AM Eastern Daylight Time

BIRMINGHAM, Mich.–(BUSINESS WIRE)–OneStream™, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, has been awarded a Top Workplaces 2021 honor by Detroit Free Press Top Workplaces. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner Energage LLC. The anonymous survey uniquely measures 15 culture drivers that are critical to the success of any organization, including alignment, execution, and connection, just to name a few.

“OneStream’s recognition as a Michigan Top Workplace is a testament to our talented, innovative, and skilled employees and their dedication to fulfilling OneStream’s mission of delivering 100% customer success. Our employees bring the culture and spirit of OneStream to life, and this award honors their collective hard work and determination to making OneStream a top place to work and a recognized industry leader,” said Martha Angle, Vice President, Global Culture, Diversity & People at OneStream.

OneStream’s Intelligent Finance platform continues to replace multiple legacy applications, such as Oracle Hyperion, SAP BPC and IBM Cognos, as well as spreadsheets and cloud-based point solutions to unify financial processes including financial close, consolidation, planning, reporting and analysis.

“During this very challenging time, Top Workplaces has proven to be a beacon of light for organizations, as well as a sign of resiliency and strong business performance,” said Eric Rubino, Energage CEO. “When you give your employees a voice, you come together to navigate challenges and shape your path forward. Top Workplaces draw on real-time insights into what works best for their organization, so they can make informed decisions that have a positive impact on their people and their business.”

“Our roots are in Michigan and the Detroit Metro area serves as an epicenter of talent and innovation for tech companies,” said Tom Shea, CEO at OneStream. “We are thrilled to be recognized as a Michigan Top Workplace for the third consecutive year and remain committed to attracting a new generation of entrepreneurs to join Detroit’s thriving business economy.”

Read the full editorial here.

For more information on OneStream, visit www.onestream.com.

About OneStream

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

About Energage

Making the world a better place to work together.™

Energage is a purpose-driven company that helps organizations turn employee feedback into useful business intelligence and credible employer recognition through Top Workplaces. Built on 14 years of culture research and the results from 23 million employees surveyed across more than 70,000 organizations, Energage delivers the most accurate competitive benchmark available. With access to a unique combination of patented analytic tools and expert guidance, Energage customers lead the competition with an engaged workforce and an opportunity to gain recognition for their people-first approach to culture. For more information or to nominate your organization, visit energage.com or topworkplaces.com.

CFOs expect continued inflation and supply chain shortages, turn to predictive technology to support positive business outcomes

November 15, 2021 09:00 AM Eastern Daylight Time

BIRMINGHAM, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, has announced the results of its “Enterprise Financial Decision Makers Outlook – October 2021” survey. The study, conducted by Hanover Research, targeted finance leaders across North America and identified the factors driving their budgets and technology adoption plans for 2022.

The COVID-19 pandemic had a long-lasting impact on many companies, but 2021 led to some positive business resurgence. Of the organizations surveyed, four out of ten indicate they have grown since the start of the pandemic. Of those growing, 70 percent are experiencing growth equivalent to pre-pandemic business results. However, 31 percent are still stagnated and another 30 percent have shrunk since March/April 2020.

Many financial executives have a renewed focus on the future, exploring people-focused initiatives, technology adoption and new reporting measures for next year. Armed with these new strategies, almost half of the CFOs surveyed (48 percent) expect their industry/company to return to normal growth in 2022.

When asked about current business drivers and plans for next year, CFOs and other finance leaders were focused on several areas:

COVID-19 Resurgence, Inflation & Supply Chain Shortages Continue to Impact Business Outcomes

Financial executives remain optimistic about growth in 2022, but there are still challenges to address. A third of the financial executives surveyed expect supply chain shortages and subsequent delays due to the COVID-19 resurgence. Inflation is also top of mind for many of these financial leaders. Eighty eight percent of them are preparing for inflation and interest rate trends to continue through 2023. These ongoing business stressors have highlighted the importance of data-backed insights and predictive planning, which will continue to be essential for business success in 2022 and beyond.

People Remain the Most Critical Asset; CFOs Renew Focus on Training & Automation for Retention

COVID-19 resurgence has had a severe impact on businesses, namely higher operating costs, increased dependence on remote work and delayed return to office plans. In fact, three-quarters of the companies surveyed had to delay their return-to-office plans by a year or less. And while these financial executives are most concerned about the impact on operating costs (42 percent) due to the resurgence, their second biggest concern is employee productivity (38 percent).

In addition to COVID-19 resurgence concerns, 88 percent of financial executives are concerned about the ‘Great Resignation.’ Specifically, they are concerned about the ability to meet business demands (41 percent) because of the workforce shortage. As such, many have implemented socio-economic workforce initiatives to expand their talent base. These initiatives also align back to many enterprises’ top priorities, which include closing the workplace diversity and gender gap.

New Technology and Reporting Systems Will Support Better Business Outcomes & Employee-Focused Goals

To address the ongoing war on talent and support their current workforce, companies are focused on training employees and improving benefits. They are also utilizing automated technologies (such as Machine Learning (ML) and Artificial Intelligence (AI)) to supercharge data scientists and improve forecasting and planning. OneStream’s April 2021 Enterprise Financial Decision-Making Report found that 56 percent of the finance executives reported using ML more since the pandemic started. Six months later, that number has increased to 65 percent of financial executives. Additionally, 74 percent of respondents state their department is using (or planning to use) ML more in 2022.

Environmental investments also remain a top priority, with most organizations working towards integrating Environmental, Social, and Corporate Governance (ESG) into their business strategy. More than two thirds (67 percent) report they are ready for new ESG reporting strategies. In particular, they have raised transparency (47 percent), implemented new ESG policies (41 percent), and increased oversight (38% percent). Almost a third (29 percent) say they’re also investing in software to support the collection and reporting of ESG data.

“These findings support what we are seeing across our customer base. Financial executives are focused on reducing inefficiencies and supporting their workforces through training and technology adoption,” says Tom Shea, CEO of OneStream. “Automating processes and creating more business agility is central to our mission at OneStream. We look forward to continue helping enterprises achieve these goals – both the financial and employee-focused ones.”

About the survey:

The commissioned study, conducted by Hanover Research in October of 2021, sourced insights from 249 finance decision makers in the United States, Canada and Mexico. All individuals hold a management position (C-level executive (CFO), VP, Director, Controller) in finance. Respondents work at companies across numerous industries and varying revenues, with 32 percent employed by companies with over $1 billion in annual revenue.

For the full findings of the research, please visit https://onestreamsoftware.com/resources/ar-hanover-research-financial-decision-makers-outlook-29oct2021/

About OneStream

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

CPM software provider featured in inaugural report ranking 14 vendors

October 28, 2021 09:00 AM Eastern Daylight Time

BIRMINGHAM, Mich.–(BUSINESS WIRE)– OneStream™, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, has received the highest rating in the inaugural 2021 Wisdom of Crowds® Financial Consolidation, Close Management, and Financial Reporting (FCCR) Market Study by Dresner Advisory Services. The company was rated along with other suppliers in the market and earned highest rankings across the 5 scoring categories: Financial Consolidation, Close Management, Financial Reporting, Architecture and Total Score.

“Organizations use FCCR software to produce key financial and management information and then provide analytics to enable managers and users to analyze and understand this data. This has a clear impact on their approach to decision-making and can help improve its quality in an organization,” said Howard Dresner, Founder and Chief Research Officer of Dresner Advisory Services. “Congratulations to OneStream for their strong performance across all categories of FCCR software in our inaugural examination of this critical market.”

“It’s an honor to earn the highest ranking in the 2021 Financial Close, Consolidation, and Reporting Market Study from Dresner Advisory Services,” said Craig Colby, President at OneStream. “OneStream is able to help organizations shorten financial close and reporting cycles, increase visibility into key financial and operating metrics and make more informed decisions. We remain committed in our mission of delivering 100 percent customer success and this ranking is a testament to the efficiency, insights and value customers obtain from using OneStream.”

The objective of the Wisdom of Crowds® FCCR Market Study provides a cross-section of data across geographies, functions, organization sizes and vertical industries to identify and illustrate important industry trends. To access a copy of the 2021 Wisdom of Crowds® FCCR Market Study, click here.

About OneStream

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

About Dresner Advisory Services

Dresner Advisory Services was formed by Howard Dresner, an independent analyst, author, lecturer, and business adviser. Dresner Advisory Services, LLC focuses on creating and sharing thought leadership for Business Intelligence (BI), Performance Management, and related areas.

OneStream selected to replace Excel to unify planning and reporting

October 18, 2021 09:00 AM Eastern Daylight Time

Birmingham, Michigan (October 18, 2021)Petroleum Service Corporation (PSC), the North American leader in product handling, site logistics and sustainability services for the petrochemical and refining industries, has selected corporate performance management (CPM) vendor OneStream Software to streamline and unify the company’s finance operations.

After a thorough evaluation process, OneStream was ultimately selected for its comprehensive platform and commitment to customer success. PSC will replace Excel with OneStream’s Intelligent Finance platform to unify their financial processes across planning, reporting and account reconciliations.

“Selecting OneStream was based on a valued partnership, building a solution that will modernize our complex financial processes across PSC in a single, unified platform,” said Lynn Nazareth, CFO at PSC. “OneStream’s Extensible Dimensionality® will allow us to derive key insights across multiple lines of business with the flexibility to scale as the company continues to grow, while the seamless integration with ADP and NetSuite allows for a single source of truth for data across the enterprise.”

PSC has chosen OneStream Diamond Level Partner and global digital consultancy Perficient as their implementation partner. Phase One of the project will include workforce planning and reporting, focusing on a direct connection to NetSuite and integration to ADP. Phase Two will include a rollout of additional planning and reporting capabilities and solutions, along with account reconciliations. Following Phase Two, PSC will explore utilizing OneStream for account reconciliations as well as close management and consolidations. “Perficient is proud to be selected as PSC’s implementation partner to help transform their financial processes. Together we will build an enduring solution that will evolve as PSC grows, leveraging modern tools and technologies to drive success for their customers,” said Charles Ramirez, CPM Practice Director at Perficient.

“We are honored to be chosen by PSC as a trusted partner to modernize their financial processes,” said Mark Ardis, Named Account Manager at OneStream. “OneStream’s platform capabilities proved to be the best fit to meet PSC’s needs as they digitally transform, with the OneStream MarketPlace offering solutions for PSC to expand their use of the platform into people planning, capital planning, task manager and parcel services to provide innovative insights across the enterprise as the company continues to grow.”

About Petroleum Service Corporation

For nearly 70 years, Petroleum Service Corporation has been committed to safely and efficiently meeting the product handling and site logistics needs of top-tier companies in the refining, chemical, and marine industries.  The company’s 3,500+ employees serve at more than 125 refineries, terminals, and chemical plants across the U.S., providing expertise in tankering barges, operating terminals and docks, railcar repair and switching, warehousing, and loading/unloading of railcars and trucks with a variety of oil products, plastics, and chemicals. PSC also offers an array of sustainability and vacuum truck services to support plastics producers with Operation Clean Sweep compliance and the circular economy.

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 and 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 investors KKR, D1 Capital Partners, Tiger Global and IGSB. With over 750 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

CPM software provider reported 88 percent growth in Annual Recurring Revenue

October 13, 2021 09:00 AM Eastern Daylight Time

BIRMINGHAM, Mich.–(BUSINESS WIRE)– OneStream™, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, announced 88 percent year over year growth in Annual Recurring Revenue as of September 30.

The company has increased its customer base over 40 percent year over year, now surpassing over 800 organizations. New customers signed in the third quarter include: ENI Petroleum, Energetický a průmyslový holding (EPH), Oshkosh, Petroleum Service Corporation, Sonesta International Hotels and the United States Coast Guard. In addition to new customer acquisition, existing customer upsell accounted for approximately 35 percent of new business for the quarter as customers continued to see increasing value and use cases for the software.

OneStream’s headcount continues to grow as the company has hired over 300 employees since the beginning of 2021, with a headcount of over 900 employees across 17 countries. Earlier this year, the company announced plans for a new headquarters facility in Birmingham, Michigan with occupancy expected in the first quarter of 2022.

“Our third quarter growth demonstrates a growing trend of organizations breaking away from legacy CPM applications, such as Oracle Hyperion, SAP BPC and IBM Cognos as well as spreadsheets, to digitally transform and streamline critical financial processes such as planning, reporting and analysis,” said Tom Shea, CEO at OneStream. “Through our unified cloud platform, organizations are able to have a full-spectrum view into their finances, leading to increased agility in planning and reporting, deeper business insights and informed decision-making.”

OneStream hosted its Splash 2021 Virtual Experience user conference from August 30 to September 1 with a record 2,250 attendees, including customers, partners and prospects. In the event’s opening keynote session, OneStream CEO Tom Shea previewed new Artificial Intelligence Services and Machine Learning capabilities. The company announced the new capabilities will be available to select customers in the fourth quarter of this year, with commercial availability expected in 2022.

“OneStream’s sustained growth centers on our commitment of delivering 100 percent customer success,” said Craig Colby, President at OneStream. “Through our unified and extensible platform, organizations are able to architect solutions that address their most pressing CPM needs today while having the flexibility and capacity to grow with the organization over time – arming our clients with centralized data and critical insights when they need it most.”

Over the course of the third quarter, OneStream received several industry recognitions as a leading provider of CPM solutions, including:

OneStream is hosting a webinar on October 20 to discuss Accenture’s latest Global CFO Research, which reveals how CFOs are harnessing data and technology to improve their forecasting capabilities. For more information on this event as well as a schedule of upcoming events, visit https://onestream.com/our-events/

About OneStream Software

OneStream 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 and 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 with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.