OneStream Named Market Leader in BARC Score Financial Performance Management 2021
After debuting last year in the BARC Score for Germany, Switzerland and Austria (a.k.a. DACH), 2020 turned out to be a record year for OneStream.
The company exceeded its 2020 projections and achieved 85 percent growth in Annual Recurring Revenue (ARR), including triple digit ARR CAGR in EMEA from 2017-2020, across more than 650 customers. OneStream also increased its workforce by 65 percent, to over 700, and its partner ecosystem by more than 30 percent, to over 200, to support the company’s continued global expansion.
All in support of our corporate mission of delivering 100% customer success.
Financial Performance Management
As the pace of change and uncertainty increases across the global economy, corporate performance management (CPM) plays a crucial role in increasing the competitiveness of companies. In fact, CPM is one of the central management disciplines that aligns organizational strategies with business processes to achieve the highest level of performance at strategic, tactical and operational levels. According to BARC, Financial performance management (see Figure 1) takes CPM one step further by incorporating the management and monitoring of financial results across the organization.
Figure 1: Financial Performance Management Decision Support Framework
What Is the BARC Score?
The BARC Score considers BARC analyst feedback and assessments 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.
And now OneStream is recognized as a market leader.
2021 BARC Score Financial Performance Management – Global
In only OneStream’s second year of coverage, BARC named OneStream as a Market Leader across Global vendors (See Figure 2). Below are a few key points about OneStream from the BARC Score:
- Unified CPM Platform– 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.
- OneStream MarketPlace – BARC highlights OneStream’s 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 2: 2021 BARC Score Financial Performance Management – Global
Commenting on OneStream’s position in the report, Dr. Christian Fuchs, Senior Vice-President and Head of Data & Analytics Research at BARC said, “For OneStream to be recognized as a market leader in only the second year of coverage in the BARC Score report for Financial Performance Management solutions for global vendors reflects the broad capabilities of the platform and strong market adoption for global organizations worldwide. OneStream’s growth trajectory and commitment to 100% customer success position the company to continue to challenge more established vendors as a leader in this market.”
“We are proud to be recognized in the BARC Score Financial Performance Management Global report as a market leader,” said Ricardo Rasche, senior vice president of international sales for OneStream Software. “The BARC Score validates our underlying commitment to 100% customer success for global organizations based in Germany, Austria, Switzerland and across the world. We are honored by this distinction as a market leader among much more established legacy vendors in EMEA.”
To learn more about OneStream’s performance in the 2021 BARC Score for Financial Performance Management, download your complimentary copy here.
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