Driving Performance with OneStream’s Built-In Reporting and Analytics - OneStream Software

Driving Performance with OneStream’s Built-In Reporting and Analytics

Featured Image

When it comes to corporate performance management (CPM), distilled down to the simplest terms, Finance has three basic roles to fulfill in its support for the organization:

  1. Looking backward with processes such as the financial close & consolidation to produce an accurate book of record income statement and balance sheet to represent an organization’s financial position.
  2. Looking forward with planning and forecasting to empower decision-makers with insights to support faster and more informed decision-making for the next month, quarter and beyond.
  3. Providing right-time guidance for daily and weekly financial and operational decisions across the enterprise to drive organizational performance before month or quarter-end.

Binding all three roles together, of course, is effective financial reporting and operational analytics.  Why does this matter?  Well, for all the reporting and analysis to be impactful and well understood, it first must be communicated to stakeholders in a timely, clear and actionable format.

Supporting a Broad Set of Stakeholders

The variety of stakeholders and their differing requirements complicates the communication job for Finance teams.  Here are just a few examples of the types of information needed to support internal and external stakeholders:

Compounding all of this of course is that each stakeholder has different needs with respect to what information is presented and how and when it’s presented.  Translation?  Finance must constantly provide reports and analysis that meet the various needs of all stakeholders.

Reporting Frustrations

Many Finance teams find themselves struggling to meet stakeholder reporting needs.  Why?  Mainly it’s because many Finance teams rely on a fragmented mix of reporting tools such as siloed spreadsheets, legacy corporate performance management (CPM) software and BI applications.  Doing so means they must invest an inordinate amount of time and manual effort to not only copy and paste data but also then reconcile and format reports.

Ad-hoc reporting is also frustrating for Finance and LOB managers who require accurate information to make business decisions.  Finance teams must often choose whether to provide their business partners with the training and access to yet another fragmented tool or to take the time to produce reports on an as-needed basis.

Either way, the burden is on Finance.

Reporting with a Modern, Unified Platform

platform-1

OneStream’s unified, Intelligent Finance Platform (see Figure 1) with built-in reporting and analytics   eliminates the complexity of fragmented reporting tools.  OneStream empowers sophisticated organizations with built-in advanced reporting and analytic capabilities as part of a unified solution for financial consolidation, budgeting, planning, forecasting, reporting, analytics and financial data quality.

By intelligently aligning detailed operational and financial data, OneStream’s flexible financial reporting and analysis capabilities eliminate the need for Finance teams to waste time manually creating reports.  In other words, OneStream unleashes them to focus on providing insights and analysis to better support key decisions.

OneStream’s built-in Reporting and Analytics includes the following capabilities to enable Finance and business leaders:

Financial Signaling in Action

To realize their full potential as strategic business partners, Finance leaders of sophisticated organizations require reporting capabilities that are unified with their CPM solutions but address the variety of other stakeholder reporting needs.  OneStream achieves all of that to empower Finance to lead at speed with a single lens across the organization while providing a single version of the truth for financial, statutory and management reporting.

Empowering Finance to Meet Stakeholder Reporting Needs

OneStream simplifies financial and operational reporting by allowing users to focus on the quality and content of their data rather than constantly working through the mechanics of building reports.  Here are just a few additional benefits OneStream offers for financial reporting and analysis:

Learn More

To learn more, view the OneStream Stakeholder Reporting Overview video or download our interactive ebook here.

Previous Slide Image Grupo Traxion Gains Accurate Financial Reporting with OneStream Playing Smarter: Using Analytics to Win Big in Business and Life Previous Slide Image

Get a Live Demo of OneStream

AdobeStock_379022573-Resized

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

Request a Demo
+

You're about to leave this website and open a new window.

continuebutton icon