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.
Close and Reporting
Reporting and Analytics
View Solution
Close and Reporting
Financial Data Quality
View Solution
Close and Reporting
Financial Signaling
View Solution
Close and Reporting
Planning, Budgeting and Forecasting
View Solution

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
View Video
English – Video | How West Bend Mutual Insurance Transformed Financial Close and Reporting
View Video
English – Financial Reporting & Analytics
View eBook
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!

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.
Close and Reporting
Reporting and Analytics
View Solution
Close and Reporting
Financial Data Quality
View Solution
Close and Reporting
Financial Signaling
View Solution
Close and Reporting
Planning, Budgeting and Forecasting
View Solution

Industry Recognition


Gartner Peer Insights Customers’ Choice

Buying an enterprise IT solution is no simple task; get advice from others who have been there! Read our clients’ feedback on Gartner Peer Insights and see why we were named a Customers’ Choice in 2021 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Planning & Analysis Solutions!

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.

We Are Rated On
Financial Planning Software
As of August 17th, 2022

Delivering 100% Customer Success

On the planning side, we were previously preparing budgets manually via Excel®, which consolidating would take two weeks. But with OneStream it’s done in two hours. Each entity puts their budgets in one system to create consolidated budget packages. Now during budget meetings, the CEO sees the same budget packet for each company, which makes interpreting the data much easier. We have balance sheet, cash flow, CapEx — all of that by division and all in the system, so it is very easy to create reports that are consistent, which makes a huge difference in time savings for executives.
Amy Funari | System Administrator

Related Resources

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

Planning, Budgeting and Forecasting helps establish goals, objectives and resource allocations for the enterprise. Accordingly, conquering the process is critical to ensuring a strong partnership and alignment between Finance and Operations regarding plans for hiring, for making capital investments and for meeting revenue, expense and profit objectives.

The process is about more than just creating an annual budget or annual operating plan (AOP), though. To be effective, the process must align strategic planning with financial and operational planning and granular business drivers. Moreover, in today’s volatile and often disruptive economic environment, leveraging agile planning techniques — such as driver-based rolling forecasts on a quarterly, monthly or more frequent basis — is quickly becoming the norm.

As with the financial close and consolidation process, the processes involved in planning, budgeting and forecasting can be straightforward in a small business. But in a mid-sized to larger enterprise with multiple divisions, locations and operations around the globe, the process can become daunting. It’s not uncommon for the annual budgeting process in a large enterprise to consume 3–5 months of the year when setting targets, collecting budget submissions from managers, consolidating and reviewing the results, and then iterating the process until alignment is achieved and the final budget is approved.

Most annual budgets are obsolete shortly after they’re created. Thus, most organizations have implemented some form of a rolling forecast to revisit and update budget assumptions on a quarterly, monthly or more frequent basis depending on the nature of the business.

Some forecasting processes extend to the end of the current fiscal year, for example 3 months of actuals and 9 months of forecast. But a true rolling forecast extends for 4 quarters or more, beyond the end of the fiscal year. This approach helps organizations see further into the future and, in many cases, has reduced reliance on the annual budget or even completely eliminated it.

Comparatively, using spreadsheets and email to support the budgeting process in a small enterprise can be viable. But in a larger enterprise with hundreds or thousands of departments, cost centers and managers participating in the process, the spreadsheet approach becomes unwieldy. Leading organizations have thus adopted purpose-built planning, budgeting and forecasting software applications designed to manage the complexity of these processes. These applications include built-in workflow, process management, data entry forms and spreading functions. Some software vendors also offer specialized applications for specific tasks, such as headcount planning, capital planning, project planning and sales planning.

There’s one caveat here, though. The use of fragmented software products for strategic, financial and operational planning still often introduce complexity due to the need to move and reconcile data between applications. This fragmented approach also creates the need to maintain and upgrade multiple planning software products. Leading organizations are instead adopting unified platforms that support and align planning processes across the enterprise. Also known as “unified business planning” solutions, these platforms streamline and simplify the planning process, reduce complexity and increase agility — empowering CFOs and Finance teams to lead at speed.

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.

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

Leverage and re-use core solutions to enrich analysis and collaboration.
Close and Reporting
Reporting and Analytics
View Solution
Close and Reporting
Financial Data Quality
View Solution
Close and Reporting
Financial Signaling
View Solution
Close and Reporting
Planning, Budgeting and Forecasting
View Solution

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

Related Resources

English – Video | Henniges Automotive Video Testimonial
View Video
English – Video | How West Bend Mutual Insurance Transformed Financial Close and Reporting
View Video
English – Financial Reporting & Analytics
View eBook
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!

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.
Close and Reporting
Reporting and Analytics
View Solution
Close and Reporting
Financial Data Quality
View Solution
Close and Reporting
Financial Signaling
View Solution
Close and Reporting
Planning, Budgeting and Forecasting
View Solution

Delivering 100% Customer Success

Achieving transparency, control, and governance across our international businesses was our biggest challenge with Anaplan. And now the individual businesses can do local management reporting with a deeper level of data for analysis. We’re running a close process across 40 countries and across four divisions, and OneStream has really helped our central teams monitor and control that close process with the level of detail in reporting that we need. Having both of those things together has been important for us. OneStream is such a deep product with so much capability. The potential really is huge.
Andy George | Finance Transformation Team

Related Resources

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

Planning, Budgeting and Forecasting helps establish goals, objectives and resource allocations for the enterprise. Accordingly, conquering the process is critical to ensuring a strong partnership and alignment between Finance and Operations regarding plans for hiring, for making capital investments and for meeting revenue, expense and profit objectives.

The process is about more than just creating an annual budget or annual operating plan (AOP), though. To be effective, the process must align strategic planning with financial and operational planning and granular business drivers. Moreover, in today’s volatile and often disruptive economic environment, leveraging agile planning techniques — such as driver-based rolling forecasts on a quarterly, monthly or more frequent basis — is quickly becoming the norm.

As with the financial close and consolidation process, the processes involved in planning, budgeting and forecasting can be straightforward in a small business. But in a mid-sized to larger enterprise with multiple divisions, locations and operations around the globe, the process can become daunting. It’s not uncommon for the annual budgeting process in a large enterprise to consume 3–5 months of the year when setting targets, collecting budget submissions from managers, consolidating and reviewing the results, and then iterating the process until alignment is achieved and the final budget is approved.

Most annual budgets are obsolete shortly after they’re created. Thus, most organizations have implemented some form of a rolling forecast to revisit and update budget assumptions on a quarterly, monthly or more frequent basis depending on the nature of the business.

Some forecasting processes extend to the end of the current fiscal year, for example 3 months of actuals and 9 months of forecast. But a true rolling forecast extends for 4 quarters or more, beyond the end of the fiscal year. This approach helps organizations see further into the future and, in many cases, has reduced reliance on the annual budget or even completely eliminated it.

Comparatively, using spreadsheets and email to support the budgeting process in a small enterprise can be viable. But in a larger enterprise with hundreds or thousands of departments, cost centers and managers participating in the process, the spreadsheet approach becomes unwieldy. Leading organizations have thus adopted purpose-built planning, budgeting and forecasting software applications designed to manage the complexity of these processes. These applications include built-in workflow, process management, data entry forms and spreading functions. Some software vendors also offer specialized applications for specific tasks, such as headcount planning, capital planning, project planning and sales planning.

There’s one caveat here, though. The use of fragmented software products for strategic, financial and operational planning still often introduce complexity due to the need to move and reconcile data between applications. This fragmented approach also creates the need to maintain and upgrade multiple planning software products. Leading organizations are instead adopting unified platforms that support and align planning processes across the enterprise. Also known as “unified business planning” solutions, these platforms streamline and simplify the planning process, reduce complexity and increase agility — empowering CFOs and Finance teams to lead at speed.

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.

Related Solutions

Leverage and re-use core solutions to enrich analysis and collaboration.
Close and Reporting
Reporting and Analytics
View Solution
Close and Reporting
Financial Data Quality
View Solution
Close and Reporting
Financial Signaling
View Solution
Close and Reporting
Planning, Budgeting and Forecasting
View Solution

Delivering 100% Customer Success

After completing the initial implementation, we extended our implementation to encompass reporting and analysis of operational data, leveraging the Analytic Blend capabilities of OneStream. The initial focus here was on Strategic Sourcing and Procurement across the enterprise. Having visibility into their spend across over 300 entities has enabled them to reduce the number of suppliers they are using, negotiate better terms with vendors, and save a substantial amount of spend. We’re also using Analytic Blend for weekly transactional sales data to see sales trends across different channels. The simplification efforts are expected to drive 100 basis points of margin improvement each year.
Candiace Cage | Corporate Applications Manager

Related Resources

English – Video | Henniges Automotive Video Testimonial
View Video
English – Video | How West Bend Mutual Insurance Transformed Financial Close and Reporting
View Video
English – Financial Reporting & Analytics
View eBook
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!

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.
Close and Reporting
Reporting and Analytics
View Solution
Close and Reporting
Financial Data Quality
View Solution
Close and Reporting
Financial Signaling
View Solution
Close and Reporting
Planning, Budgeting and Forecasting
View Solution

Industry Recognition


Gartner Peer Insights Customers’ Choice

Buying an enterprise IT solution is no simple task; get advice from others who have been there! Read our clients’ feedback on Gartner Peer Insights and see why we were named a Customers’ Choice in 2020 Gartner Peer Insights ‘Voice of the Customer’: Cloud Financial Close Solutions!

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.

We Are Rated On
Cloud Financial Close Solutions
As of August 17th, 2022

Delivering 100% Customer Success

With OneStream, consolidation is much faster, with fewer errors, providing the Finance team more time to analyze financials—which is a huge improvement. OneStream has shortened the close process by three to four days, cutting time spent on reporting by 50 percent. The ability for users to view and drill into data is great, they can answer questions faster and focus on real issues. Information is timelier, so there’s deeper analysis and better problem-solving.
Michelle Ford | Finance Director

Related Resources

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

Planning, Budgeting and Forecasting helps establish goals, objectives and resource allocations for the enterprise. Accordingly, conquering the process is critical to ensuring a strong partnership and alignment between Finance and Operations regarding plans for hiring, for making capital investments and for meeting revenue, expense and profit objectives.

The process is about more than just creating an annual budget or annual operating plan (AOP), though. To be effective, the process must align strategic planning with financial and operational planning and granular business drivers. Moreover, in today’s volatile and often disruptive economic environment, leveraging agile planning techniques — such as driver-based rolling forecasts on a quarterly, monthly or more frequent basis — is quickly becoming the norm.

As with the financial close and consolidation process, the processes involved in planning, budgeting and forecasting can be straightforward in a small business. But in a mid-sized to larger enterprise with multiple divisions, locations and operations around the globe, the process can become daunting. It’s not uncommon for the annual budgeting process in a large enterprise to consume 3–5 months of the year when setting targets, collecting budget submissions from managers, consolidating and reviewing the results, and then iterating the process until alignment is achieved and the final budget is approved.

Most annual budgets are obsolete shortly after they’re created. Thus, most organizations have implemented some form of a rolling forecast to revisit and update budget assumptions on a quarterly, monthly or more frequent basis depending on the nature of the business.

Some forecasting processes extend to the end of the current fiscal year, for example 3 months of actuals and 9 months of forecast. But a true rolling forecast extends for 4 quarters or more, beyond the end of the fiscal year. This approach helps organizations see further into the future and, in many cases, has reduced reliance on the annual budget or even completely eliminated it.

Comparatively, using spreadsheets and email to support the budgeting process in a small enterprise can be viable. But in a larger enterprise with hundreds or thousands of departments, cost centers and managers participating in the process, the spreadsheet approach becomes unwieldy. Leading organizations have thus adopted purpose-built planning, budgeting and forecasting software applications designed to manage the complexity of these processes. These applications include built-in workflow, process management, data entry forms and spreading functions. Some software vendors also offer specialized applications for specific tasks, such as headcount planning, capital planning, project planning and sales planning.

There’s one caveat here, though. The use of fragmented software products for strategic, financial and operational planning still often introduce complexity due to the need to move and reconcile data between applications. This fragmented approach also creates the need to maintain and upgrade multiple planning software products. Leading organizations are instead adopting unified platforms that support and align planning processes across the enterprise. Also known as “unified business planning” solutions, these platforms streamline and simplify the planning process, reduce complexity and increase agility — empowering CFOs and Finance teams to lead at speed.

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!