OneStream™ for SAP ERP Customers

Modernize and Unleash Finance

Providing seamless integration with SAP ERP systems, OneStream is the proven alternative to SAP BPC, BOFC, BCS and other legacy CPM applications.

01
Increase Agility
Gain Finance autonomy and reduce dependence on IT for financial reporting, planning and analysis. Respond quickly to rapidly changing business requirements.
02
Streamline Processes
Automate and accelerate data integration, consolidation, reporting, planning and analysis with a unified cloud platform.
03
Modernize Now
Don’t wait for SAP to deliver next generation CPM solutions. Adopt a modern, unified platform and a marketplace that accelerates delivery of new applications and insights.

Key Features

OneStream’s Intelligent Finance Platform

Over 130 SAP ERP customers have made the move from SAP BPC, BFC, and other legacy products to OneStream unified platform. Why are they making the leap?

  • One, unified application for financial consolidation, planning, reporting, analysis and data quality.
  • Deep functionality and scalability that meets the complex needs of large, global enterprises.
  • The OneStream MarketPlace allows customers to extend the platform to deliver more solutions without adding complexity.

Seamless Integration with SAP ERP and Data Warehouse Systems

Leverage your investment in SAP R/3, ECC, BW, and S/4 HANA through OneStream’s seamless integration capabilities.

  • Direct connections to SAP via BAPIs and function modules.
  • Direct drill-through to transaction details.
  • Send and receive IDocs.

Customers We Work With


Delivering 100% Customer Success

“Intercompany eliminations that were nearly impossible to perform and only done once per year in SAP BPC—are now done monthly and in 1 day with OneStream. Group consolidation that used to take 12 working days in SAP BPC is now done by the 7th working day with OneStream. This enables the finance team to deliver information to group executives well in advance of the monthly management meetings.”
Christian Fourie ACMA | Group Management Accountant

Related Resources

English – OneStream for SAP Customers
View eBook
Why OneStream is the Proven Alternative to SAP BPC
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English – SAP ERP and OneStream — The Path to Modern Finance
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English – Video | Replacing SAP BPC, Streamlining the Close and Lease Accounting at McCain Foods
View Video
All Resources

Free Conversion Assessment

In a brief discovery session, one of our expert Solutions Consultants will perform a survey to find out what legacy SAP CPM applications you are currently using, what your requirements are, and assess whether OneStream XF is a better solution for you.

OneStream™ for Oracle Hyperion Customers

Reduce IT Complexity and Get Unified

Reduce the time, effort and costs of managing and upgrading multiple Hyperion applications. Streamline finance processes and empower the enterprise with insights.

01
Reduce Costs
Reduce the time and costs of integrating and synchronizing data, managing and upgrading fragmented legacy applications.
02
Streamline Processes
Automate and accelerate data integration, consolidation, reporting, planning and analysis with a unified cloud platform.
03
Increase Agility
Spend less time and resources on maintaining and integrating software and more on managing your business.

Key Features

Migration Tools for Oracle/Hyperion Conversion

Leverage your investment in Oracle Hyperion applications with powerful tools to assist with migrations from:
  • Oracle Hyperion Enterprise
  • Oracle Hyperion Financial Management
  • Oracle Hyperion Financial Data Quality Management

Customers We Work With


Delivering 100% Customer Success

“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.”
Jon Paterson | Vice President, Financial Planning and Analysis

Related Resources

English – Are your Hyperion Applications hindering your Potential?
View eBook
Building the Business Case for Hyperion Conversion to OneStream
View Post
English – Why Now’s the Time to Convert from Oracle Hyperion
View White Paper
English – Video | Oxbow Carbon Testimonial
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All Resources

Free Conversion Assessment

In a brief discovery session, one of our expert Solutions Consultants will perform a survey to find out what Hyperion applications you are currently using, what your requirements are, and assess whether OneStream is a better solution for you.

Healthcare and Life Sciences

Optimize Operational & Financial Decisions

Conquer complexity and navigate market changes with a unified Finance platform.

01
Enable
Enable rapid response to changing healthcare and life sciences business drivers with predictive analytics, scenario analysis and rolling forecasts. Intelligently unify granular operational insights with financial results.
02
Balance
Balance operational efficiency and healthcare quality with daily and weekly financial & operational signals such as return volume, service-line revenue, admissions, capacity and labor productivity.
03
Streamline
Streamline financial close and consolidation for complex organizations with multiple and varied medical institutions or research facilities. Provide rapid insights into financial and operating results.

Key Features

Financial Close, Consolidation and Reporting

Conquer complexity in Financial Close & Consolidation to create a solid book of record. Align budgets, plans and forecasts with actual financial results.

  • Increase productivity and streamline the close process with Guided Workflow and task management.
  • Drive efficiencies in performance reporting with self-service tools for visualization and ad hoc analysis.
  • Eliminate manual or standalone reconciliation solutions with the Account Reconciliations solution available in the OneStream Marketplace.

Budgeting, Planning and Forecasting

Lead business decisions for large capital projects such as building construction and new medical technology implementation. Align service line plans with financial goals.

  • Build detailed, integrated business plans without compromise.
  • Improve user learning curves and adoption with dynamic web forms or the comfort of Excel® to create or update plans or forecasts.
  • Expand forecasts and the business dialogue with built-in predictive analytics from the OneStream MarketPlace™. Create multiple scenarios with rolling forecasts and driver-based, predictive plans. Find new ways to ask “why”.

Healthcare & Life Sciences Operational Planning

Align revenue & reimbursement planning, people planning and capital planning with financial goals and plans across the organization for effective resource allocations.

  • Eliminate disconnected spreadsheets and fragmented point-solutions which hinder planning.
  • Visualize the impact of people planning decisions on profitability and margins with “what-if” driver-based planning.
  • Assess the impact of capital investments such as new buildings or technology on financial results.

Financial Signaling

Gain insight into business drivers and signals. Empower rapid-response decisions with in-solution access to granular, business-driver data that is automatically aligned to financial results.

  • Uniquely blend governed financial data and operational data within the same data model and unified experience.
  • Leverage OneStream’s financial intelligence with operational data, turn financial signals and trends in data into actionable insights on daily or weekly basis.
  • Gain full auditability & transparency between financial and operational data without data latency.

Customers We Work With


Delivering 100% Customer Success

“My biggest win as Corporate Controller has been the ability to produce rapidly almost any information I want. So, on day three a full complement of P&L’s in constant currency vs. budget vs. prior year. We are not struggling, and I am not worried that some number could potentially be wrong. This stuff is rock solid.”
Terence Berge | Corporate Controller

Related Resources

English – Conquering Complexity in Academic Medical Centers
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English – Video | CHG Healthcare: Winning at Budgeting and Forecasting
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All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Public Sector

Gain Agility and Increase Transparency

Learn More
Modernize finance with the only complete, end-to-end FedRAMP Moderate authorized cloud CPM provider.

01
Conquer Complexity
Conquer Complexity and Align Processes across the Office of Budget & Management (OMB) and Comptroller offices. Materially reduce budget formulation, financial close, and financial reporting cycle times.
02
Reduce Costs
Reduce the significant costs associated with multiple application deployments including the cost of licensing, installation, deployment and maintenance.
03
Accelerate Insight
Leverage the OneStream MarketPlace to deliver additional financial and operational solutions with no additional IT complexity. Accelerate business insights and enhance decision-making.

Key Features

Budget Formulation Process

Evolve from manual spreadsheets to dynamic, driver-based budgets. Support zero-based budgets and run what-if funding scenarios on spend management and investment evaluations with People Planning and Capital Planning solutions.

Financial Close and Consolidation

Spend less time collecting data and more time analyzing the Comprehensive Annual Financial Report (CAFR) before the deadline. Ensure accuracy and confidence in financial and operational reporting.

Reporting and Analysis

Gain a single lens into financial and operating results with in-system reporting, analysis, Microsoft Excel® and Office® integration.

Financial Data Quality

Increase confidence in financial and operating results with powerful data integration, validations, certifications and audit trails.

Scalable, Secure Cloud Platform

Deploy solutions quickly and with confidence with OneStream Cloud powered by Microsoft Azure. First Cloud CPM provider to achieve FedRAMP Moderate authorization.

Customers We Work With


Delivering 100% Customer Success

“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 the 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.”
Federal Agency | Chief Financial Officer

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English – Video | Government Webinar Series | Part 2 – Accounting and Reporting
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All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Financial Services

Conquer Complexity to Optimize Decisions

Align financial close and reporting with operational planning and analysis.

01
Focus Planning
Focus on capital allocation, liquidity and risk management with rolling forecasts. Create visibility into customer, product and line of business profitability initiatives.
02
Streamline Close
Streamline financial close and consolidation while addressing complex global accounting and reporting requirements. Provide rapid insights into financial and operating results.
03
Reduce Costs
Reduce the significant costs associated with multiple application deployments including the cost of licensing, installation, deployment and maintenance.

Key Features

Financial Close, Consolidation and Reporting

Automate the financial close; reduce data load and report refresh time throughout the month. Access accurate and secure financial and operational information from any data source.

  • Increase productivity with Close Manager and Task Manager to provide a holistic view of close processes.
  • Improve insight into the real FX impact of currency on every balance sheet account, track detail movements and changes for complete cash flow reporting.
  • Eliminate manual or standalone reconciliation solutions with the Account Reconciliations solution available in the OneStream MarketPlace™.

Budgeting, Planning and Forecasting

Modernize long-range planning, capital management, people planning and cash-flow forecasting. Create various scenario plans with rolling forecasts and driver-based, predictive plans.

  • Build detailed, integrated business plans for key stakeholders without compromise; align with consolidated financial goals.
  • Improve user adoption and data entry by leveraging dynamic web forms or the comfort of Excel to instantly create or update the plan or forecasts.
  • Expand forecasts and the business dialogue with built-in predictive analytics from the MarketPlace. Find new ways to ask “why”.

Customer and Product Profitability

Automated allocations and transparency provide visibility into the profitability of key products, expense categories and portfolio companies.

  • Visualize the impact of planning decisions on profitability and margins with “What-if” driver-based planning.
  • Maintains one “governed” source of truth for data extending access to line of business managers and executives with confidence.
  • Combine financial, operational and transactional data in a single dashboard for comprehensive visualization and analysis.

Financial Data Quality

Increase confidence in financial and operating results with powerful data integration, validations, certifications and audit trails.

  • Deliver direct integration with available drill back built for any open ERP including Oracle, PeopleSoft, JDE, SAP, Infor, Microsoft AX/Dynamics and more.
  • Provide 100% transparency and audit trails for data, metadata and process change visibility from report to source.
  • Drill down, drill back and drill through to transactional details, including journal entries.

Scalable, Secure Cloud Platform

Deploy solutions quickly and with confidence with OneStream Cloud powered by Microsoft Azure.

  • Start solving business problems on day one with rapid provisioning and environment set up by OneStream.
  • OneStream strikes the balance between performance, scalability and cost to provide a secure, reliable and scalable environment for your most trusted financial data.
  • Take advantage of full managed cloud services as a supplement to your IT staff, we take on the care and feeding of the application environment.

Customers We Work With


Delivering 100% Customer Success

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

Related Resources

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All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Manufacturing

Unify Planning, Reporting and Analytics

Provide insights into customers, suppliers and manufacturing operations.

01
Planning and Forecasting
Plan, forecast and analyze with drill-down capability by product lines, brands, functions, geographies, plant sites and customers.
02
Streamline Financial Close
Streamline financial close and consolidation while addressing complex global accounting and reporting requirements. Provide rapid insights into financial and operating results.
03
Empower Operations
Empower Corporate and Operations with daily and weekly financial signals such as controllable costs and working capital metrics.

Take action mid-stream before month-end.

Key Features

Financial Close, Consolidation and Reporting

Streamline financial close with automated data loads, intercompany eliminations, and currency translations. Access accurate and secure financial & operational information from any data source.

  • Increase productivity with Close Manager and Task Manager for a holistic view of close processes.
  • Improve insight into the real FX impact of currency on every balance sheet account, track detail movements and changes for complete cash flow reporting.
  • Eliminate manual or standalone reconciliation solutions with the Account Reconciliations solution available in the OneStream MarketPlace™.

Budgeting, Planning and Forecasting

Align operational plans such as sales, capital, people and production plans with financial goals. Create multiple scenarios with rolling forecasts and driver-based, predictive plans.

  • Build detailed, integrated business plans for key stakeholders without compromise; align with consolidated financial goals.
  • Improve user adoption and data entry by leveraging dynamic web forms or the comfort of Excel to instantly create or update the plan or forecasts.
  • Expand forecasts and the business dialogue with built-in predictive analytics from the MarketPlace. Find new ways to ask “why”.

Customer and Product Profitability

Conquer complexity with automated allocations and flexible reporting tools for visibility into profitability across key products, customer segments and channels.

  • Visualize the impact of planning decisions on profitability and margins with “what-if” driver-based planning.
  • Maintain one “governed” source of truth for data extending access to line of business managers and executives with confidence.
  • Combine financial, operational and transactional data in a single dashboard for comprehensive visualization and analysis.

Financial Signaling

Gain insight into true business drivers and signals. Empower rapid-response decisions with in-solution access to granular, business-driver data that is automatically aligned to financials.

  • Plan at the granular, business-driver level with specialty planning solutions.
  • Uniquely combine governed financial data and operational data within the same data model and unified experience.
  • Leverage OneStream’s financial intelligence with fully auditable and transparent financial & operational data with financial signals for actionable insights on daily or weekly data.

Customers We Work With


Delivering 100% Customer Success

By combining operational and financial plans, we can accurately budget for our manufacturing needs and correctly match the required capacity with our anticipated production and revenue targets. Plant Controllers are able to enter Labor and Production drivers, and OneStream automatically calculates manufacturing absorption and labor variances for true capacity planning.
Michael Barfuss | Corporate Controller

Related Resources

English – Video | How Terex Replaced HFM and Several Point Solutions with OneStream
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English – Video | MEC Group Video Testimonial
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English – Video | Replacing SAP BPC, Streamlining the Close and Lease Accounting at McCain Foods
View Video
English – Video | Henniges Automotive Video Testimonial
View Video
All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Profitability Analysis

Empower P&L Owners

Analyze revenue and costs across multiple products, customers or channels and gain insights into the underlying drivers of profitability.

01
Manage Allocations
Eliminate fragmented spreadsheets and offline processes with defined, repeatable and fully auditable processes within a unified solution.
02
Models Plans
Determine the impact of pricing, new products and mix changes on customer and line of business profitability.
03
Analyze Results
Empower managers with insights into profitability by products, customers, channels and other dimensions with the ability to drill into the underlying details and make informed decisions.

Key Features

Powerful, Multi-Step Allocations With Audit Trails

Execute complex allocations across large volumes of data with speed and accuracy.

  • Eliminate offline, fragmented allocation processes.
  • Deliver complete transparency and auditability into profitability drivers with drill-back and drill-through to source system capabilities.
  • Unify financial and operational data while creating a single source of truth across key stakeholder groups.

Built-in Reporting and Analytics

Share insights into profit contribution from key service lines, products and customers.

  • Gain insights into which products, customers, channels that are creating value vs. detracting from profitability.
  • Collaborate with self-service visualizations and guided reporting to isolate and analyze key drivers such as price, mix or sales volumes.
  • Combine financial data with daily or weekly data such as products, parts, labor and other costs to identify performance gaps and take action.

What-if Scenario Modeling

Dynamically manage and track multiple profitability scenarios.

  • Understand the impact of changes in pricing, sourcing and product mix strategies on projected financial results.
  • Dynamically model the impact of new products or service line changes across the P&L, Balance Sheet and Cash Flow.
  • Track progress against multiple scenarios with self-service visualizations and guided reporting capabilities.

Customers We Work With


Related Solutions

Leverage and re-use core solutions to enrich analysis and collaboration.
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Planning Solutions
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Delivering 100% Customer Success

OneStream helps me to perform a very complicated calculation. Our own manufacturing plants purchase raw material from both internal and external suppliers. Once the products are made, the related finished products would sell to our own distribution entities in US and in Luxembourg before they sell to other Herbalife entities. As such, many of our SKUs have multi-levels of transfer profit in different currencies that became impossible for anyone to perform the calculation of manually. OneStream helps me evaluate internal transfer profit to bring the balance sheet back to the cost level. OneStream has enabled us to easily peel back the layers and eliminate the profit. Each country uploads their balances on day four or five, and we can finish consolidations and flux analysis by day nine.
Neal Yeung | Director of Financial Systems FP&A

Related Resources

English – Video | Henniges Automotive Video Testimonial
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English – Video | How West Bend Mutual Insurance Transformed Financial Close and Reporting
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English – Conquering Complexity in Profitability Management
View Solution Brief
All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Tax Provision

Align Tax Provision with Reporting

Eliminate spreadsheets and disconnected point solutions, automate and streamline tax provision and reporting.

01
Reduce Risk
Automate and streamline tax data collection and validation and ensure consistency in tax calculations.
02
Report Transparently
Report consolidated and statutory Effective Tax Rate (ETR) with full drill-down into supporting details, generate footnotes and management reporting.
03
Increase Efficiency
Align data and minimize reconciliation, automate reporting and export data to tax compliance systems.

Key Features

Unified Data Collection

Automate and streamline tax data collection and validation and ensure consistency in tax calculations.

  • Leverage the same trial balance load for tax provisioning as for financial reporting.
  • Collect supplemental data through standardized data entry forms.
  • Apply standard repeatable tax provision calculations that can be extended to suit your company’s needs.

Data Alignment and Validation

Leverage a unified platform to minimize reconciliations. Automate reporting and export data to tax compliance systems.

  • Data alignment, transparency (drill-down), and validation reduces reconciliation requirements.
  • Configurable input forms for tax rates, payments, and refunds, tax attribute detail, return to provision, current provision, deferred tax roll-forward, and tax account reconciliation.
  • Data exportable to tax compliance systems and importable from tax compliance to facilitate the return to provision true-up.

Integrated Reporting and Drill-Down

Report consolidated and statutory ETR with full drill-down into supporting details, generate footnotes and management reporting.

  • Generates current tax expense, deferred tax expense, and deferred tax assets and liabilities.
  • Configurable reporting that enables footnote disclosure reports required under ASC 740.
  • Perform tax account reconciliation, report on consolidated and statutory ETR.

Additional Capabilities

OneStream offers a powerful, flexible tax provision solution that’s completely integrated with financial consolidation, reporting and account reconciliations.

  • Pre-built tax cube configured to support the Total Tax Provision requirements
  • The system collects data, calculates and enables reporting for all tax provision computations, including:
    • Current Tax Provision
    • Deferred Tax Roll-forward
    • Effective Tax Rate Analysis
    • Monitoring of tax losses and tax credits
    • Current and Deferred Tax Asset Balance / Walk Across
  • Alternate entity hierarchies for tax reporting
  • Tax-specific scenarios, calculations, input forms and reports
  • Separate dimension for tax accounts, jurisdictions and other details
  • Total tax provisioning lives in the same application as the financial reporting solution

Customers We Work With


Related Solutions

Align tax provision with financial close, consolidation and reporting.
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MarketPlace

Delivering 100% Customer Success

“Using OneStream’s Tax Provision solution has been a big improvement over the spreadsheet approach we were using before. For example, with OneStream we were able to efficiently consolidate our tax footnotes and financial statement disclosures, eliminating the previously manual process.”
Jennifer Korrie | Corporate Tax Manager

Related Resources

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English – Video | OneStream and Victaulic: Taking on Tax Provisioning
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All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Compliance Solutions

Reduce Internal Control Risks

Stay in compliance with US GAAP, IFRS and other local statutory requirements, while reducing your organizations cost of compliance.

01
Support Global Reporting Requirements
OneStream supports US GAAP, IFRS and local statutory reporting requirements with built-in financial intelligence.
02
Reduce Costs of Compliance
Support Sarbanes-Oxley requirements with strict process controls, complete transparency and certification questionnaires.
03
Get Ahead of New Guidelines
Capture required details, perform accurate calculations and reporting for new requirements such as revenue recognition, lease accounting and more.

Key Features

Global Reporting Capabilities

OneStream supports US GAAP, IFRS and local statutory reporting requirements with standard, defined and repeatable processes for financial data collection and consolidation.

  • The ability to produce financial statements that meet GAAP, IFRS and local statutory accounting requirements.
  • Maintains all audit trails and adjustments to enable a conversion from US GAAP to IFRS standards.
  • Reconcile between US GAAP and IFRS at any point in time and for historical reference.

Strict Process Controls

Support Sarbanes-Oxley (SOX) and other compliance requirements with strict process controls, complete transparency and certification questionnaires.

  • Data and process certification and sign off.
  • Audit trails from 10K/10Q to GL source account and GL trial balance report or file.
  • Supports SOX 302 and 404 certification questionnaires to identify financial process weaknesses prior to the OneStream consolidation process.

Lease Accounting Solution

Lease Accounting is an add-on solution available from our partner AMCO Solutions. Leveraging the OneStream platform, the solution supports new Lease Accounting guidelines under IFRS16 and ASC 842.

  • The solution can be implemented as an extension of financial consolidation and reporting.
  • Leverages the relational blending capabilities of OneStream to capture all the applicable details for hundreds of lease contracts.
  • Calculates principal and interest vs. the lease payment, then generate the applicable journal entries to record and amortize the asset.

Customers We Work With


Related Solutions

With OneStream, Lease Accounting can be completely integrated and aligned with financial close, consolidation and reporting.
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Delivering 100% Customer Success

Before OneStream, the compliance piece was very challenging. We were using the SmartView Excel® interface instead of having standardized reporting, which created inconsistency between accounting, FP&A and Tax. OneStream eliminated the back and forth between the teams to arrive at the numbers we would report. Where we didn’t have any real workflow in terms of topside visibility before, now with OneStream we are working with one central source of the truth at any given time.
Clemencia Vera | Senior Manager, Finance Operational Strategy

Related Resources

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Replacing SAP BPC and Streamlining the Financial Close at McCain Foods
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All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Transaction Matching

Accelerate Matching and Reconciliations

Match transactional data from multiple sources and quickly resolve differences to accelerate account reconciliations and the close process.

01
Accelerate the Period-End Close Process
Speed transaction matching and account reconciliations.
02
Improve the Accuracy of Financial Statements
Reduce write-offs of unexplained differences.
03
Enhance Visibility and Audit Trails
Reduce data latency and costs with a unified platform.

Key Features

Seamless Data Integration

Load transaction data from multiple sources for matching.

  • Load data via flat files or direct connect.
  • Data can be imported daily, weekly, or monthly as needed.
  • Perform data stacking and splitting to support matching.

Automatic or Manual Matching of Transactions

Match a variety of transactions from multiple sources.

  • Leverage a configurable rules-driven matching approach.
  • Identify and resolve unmatched transactions.
  • Approvals, commenting and attachments.

Built-in Reporting and Analytics

Extensive reporting and exporting of results.

  • Produce matching scorecard and supporting analysis.
  • Present KPIs on transaction and match information.
  • Pivot reports can be exported for reporting purposes.

Related Solutions

OneStream Transaction Matching is a great complement to our Financial Close and Consolidation and Account Reconciliations solutions.
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MarketPlace

Delivering 100% Customer Success

“We are currently using OneStream Transaction Matching for a new process we are implementing with claims. This new process involves direct payments from our bank account, requiring us to reconcile the transactions daily, instead of waiting for month-end. Doing this daily matching of bank transactions manually with Excel would have been a nightmare, whereas the Transaction Matching solution allows us to automate much of the process and save a great deal of time and effort.”
Jessica Greisch | Financial Analysis and Tax Manager

Related Resources

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All Resources

Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!

Account Reconciliations

Deliver a New Level of Risk Management

Conquer complexity and improve the integrity of financial results by aligning account reconciliations with financial reporting. Replace spreadsheets or standalone accounts reconciliation software solutions with a unified CPM software platform.

01
Reduce Risk
Deliver a complete statistical view of your financial statements including a risk adjusted balance sheet.
02
Improve Internal Controls
Create a complete audit trail of who and when reconciliations were completed and approved.
03
Accelerate the Financial Close
Users can begin account reconciliations as soon as trial balances are submitted; no more waiting for the corporate close to complete.

Key Features

Risk-Based Reporting

Deliver Risk Management Reporting on your balance sheet by presenting a complete statistical picture of the quality of your financial statements.

  • Immediately view the status of all high-risk reconciliations as they relate to your financial reports.
  • Understand the quality score of your financial reports.
  • Gain more confidence in your results and achieve true risk management.

Drill-to-Reconciliation

OneStream is the ONLY solution that can provide a link from reported balances to reconciled accounts. Drill-to-Reconciliation instantly from your financial reports in one unified system.

  • OneStream is the ONLY solution that can provide a link from reported balances to reconciled accounts. Drill-to-Reconciliation instantly from your financial reports in one unified system.
  • OneStream allows you to drill from your Balance Sheet directly to the Account Reconciliations.
  • Automated alerts to changes to reconciled account balances status ensure confidence that reports are always aligned with reconciliations.

Trial Balance Single-Sourcing

Account reconciliations live together with financial reporting so there is never a disconnect between your financial reports and your account reconciliation process.

  • Leverage the same data sources, data mappings, account hierarchies, workflows, and security as actuals.
  • Base financial information is collected and handled one time.
  • Immediate reconciliation status checks alert users if a previously reconciled balance has changed due to an updated trial balance import.

Customers We Work With


Related Solutions

Lead @ speed by aligning account reconciliations with financial close, consolidation and reporting.
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MarketPlace

Delivering 100% Customer Success

In addition to consolidations, 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. The Guided Workflows provide simple end user steps that allow us to focus on results instead of mechanics.
Pam Brady | Global Financial Business Analyst

Related Resources

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English – Account Reconciliations
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FAQ

Account reconciliation is the process of ensuring financial statement account balances are correct at the end of an accounting period. It’s a process that uses two sets of records to ensure figures are correct and in agreement. And if they are not in agreement, making necessary adjustments or identifying and explaining differences.

Account reconciliations are typically performed after the close of a financial period. Accountants review each account in the financial statements and verify that the balance listed is accurate. This often involves comparing the financial statement balance to another source of information – for example comparing the balance for the Cash account to an external bank statement. Other examples of critical accounts that require reconciliation include:

  • Cash and investments – comparing to external bank and investment accounts
  • Accounts Receivable – comparing to the AR sub-ledger
  • Accounts Payable – comparing to the AP sub-ledger
  • Prepaid Expenses – listing the components of the account balance
  • Accrued Liabilities – listing the components of the account balance
  • Intercompany Payables and Receivables – ensuring they eliminate during consolidation
  • Fixed Assets – listing the components or tying out to a sub-ledger


The main reason for performing accounts reconciliation is to ensure consistency and accuracy in financial reporting. Account reconciliations are especially important and are a key internal control for publicly-held companies that need to report financial results to external stakeholders, with detailed audit trails available to back-up all account balances.

There are several types of tools accountants can use to perform account reconciliations. Prior to the availability of PCs and electronic spreadsheet software, account reconciliations were often performed manually – using pencil and paper. The availability of personal computers and spreadsheet software in the early 1980’s changed this, and spreadsheets became one of the most popular tools for performing account reconciliations.

Since the early 2000’s, purpose-built account reconciliations software applications have become available. These software applications provide the ability to load account balances and transactions from GL/ERP systems, automate manual matching and comparison tasks, and support electronic workflow and approvals.

Purpose-built account reconciliations software applications are available on a standalone basis, and also can be implemented as part of an integrated suite of CPM software applications. These applications typically include financial close and consolidation, planning, budgeting and forecasting, reporting analysis and other capabilities.

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Financial Data Quality Management

Improve Accuracy in Financial Results

Integrate and validate data from multiple sources and make confident decisions based on accurate financial and operating results.

01
Simplify Integration
Direct integration to any open GL/ERP system, including Oracle, SAP, and Microsoft Dynamics, with powerful pre-built Integration Connectors with drill back and drill through capabilities.
02
Improve Integrity
Powerful pre- and post-data loading validations and confirmations provide complete confidence in the certification process.
03
Increase Transparency
100% transparency and audit trails for data, metadata and process change provides visibility from report to source.

Key Features

Direct Integration Connectors

OneStream Integration Connectors offer direct integration with any open GL/ERP or other source system.

  • Deliver fast and efficient direct to source system integration processes with built-in Robotic Process Automation (RPA).
  • Drill down, drill back and drill through to transactional details, including journal entries.
  • Provide direct integration with drill back to over 250 ERP, HCM, CRM and other systems including Oracle, PeopleSoft, JDE, SAP, Infor, Microsoft AX/Dynamics and more.

Guided Workflows

Achieve financial data quality and verification throughout financial consolidation, reporting and planning processes with intuitive Guided Workflows.

  • End-user focused processes to standardize and simplify data collections and analysis.
  • Reduce the cost of deploying additional CPM solutions as end-users already know how to interact with the Guided Workflow.
  • Serve up the correct process and reports at every step in the workflow.

Complete Transparency and Audit Trails

OneStream’s Origin dimension is pre-built with the financial intelligence to deliver transparency, auditability and data protection for complete confidence and compliance.

  • All data captured in distinct Origin buckets for import, adjustment, forms and eliminations.
  • Journal adjustments and eliminations never disappear in the consolidation process.
  • Data protection is automatic and prevents inadvertent data overrides, no need to ever turn off cell-level audit.

Seamless Integration with SAP Data Sources

Direct Connect with SAP R/3, ECC, BW and S/4 HANA enabling seamless data integration and drill through without technical complexity:

  • Easily invoke BAPIs and function modules
  • Send and receive IDocs
  • Supports RFC and SOAP, which allows integration with any modern SAP NetWeaver architecture
  • Read BW objects (BEx queries) with own API
  • Read SAP tables directly via RFC
  • Generate and execute ABAP code on-the-fly
  • Control transactions via batch input

Customers We Work With


Related Solutions

Financial Data Quality Management is an essential component that supports the financial close, consolidation, reporting and account reconciliation process.
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Delivering 100% Customer Success

Before OneStream, we had to dig into project data in all the individual ERP systems. OneStream helps make our data auditable and extendable. It enables us to understand our business and create standardized processes within a global system. We trust the data in OneStream, so there are no disagreements about accuracy. We can focus on the contract, not fixing the data. OneStream has created confidence in our contracts. There are less surprises in our financial data. We can easily see the results over time for comparison purposes, so we can answer any questions quickly.
Joost van Kooten | Project Controller

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Get Started With a Personal Demo

Hundreds of organizations have made the leap from spreadsheets and legacy CPM applications to OneStream and never looked back. Join the revolution!