OneStream Gains Top Rankings in BARC Planning Survey
In recent years, OneStream has been gaining recognition in the CPM market as one of the leading financial consolidation and reporting solutions for global enterprises. However, most OneStream customers also use the platform for planning, budgeting and forecasting. And a recent survey of global planning users showed that OneStream receives very high ratings from users, compared to other planning solutions in the market.
The BARC Planning Survey 18
The BARC Planning Survey 18 is the largest and most comprehensive survey of planning software users. The survey was conducted from November 2017 to February 2018, with 1,465 respondents globally. 875 of the respondents answered a series of detailed questions about their usage of a named product, and 17 software products were analyzed in detail. For more information on the survey see www.bi-survey.com
The Planning Survey 18 examines user feedback on planning product selection and usage across 24 criteria (KPIs) including business benefits, project success, business value, recommendation, customer satisfaction, user experience, planning functionality and competitiveness.
OneStream Receives Top Rankings in 11 Categories
This was OneStream’s first appearance in BARC’s Planning Survey and the results were strong. OneStream achieved Top Rankings in 11 criteria and 1 Leading Ranking in the Financial Performance Management Products peer group.
OneStream achieved Top Rankings for:
- Project success
- Vendor support
- Implementer support
- Product satisfaction
- Customer satisfaction
- Performance satisfaction
- Ease of use
- Competitive win rate
OneStream also achieved Leader Rating in Business Benefits.
In the report, BARC evaluated several of the leading financial performance management solutions in EMEA including: OneStream XF, SAP BPC, Infor, Corporate Planning, Unit 4 prevero, LucaNet and IDL.
According to the BARC report, “As a relatively new vendor on the market, only launching in 2011, the vendor receives excellent ratings in some of the most important KPIs. OneStream’s CPM platform unifies financial consolidation, planning, data quality and reporting in one single application. Customers reap benefits including improved integration of strategic and operational planning, reduced costs, reduced planning complexity and increased competitive advantage, which lead to a better quality of planning results. An overwhelming 94 percent of OneStream XF users say they would definitely recommend their planning product to other organizations, while an impressive 93 percent of respondents are ‘somewhat satisfied’ or ‘very satisfied’ with OneStream XF.”
Some of the key quotes from customers included in the BARC report include:
“State of the art, flexible and adaptable software. Little to no downtime. Super-fast support response. Listens to user base.”
“OneStream offers great software! It offers a very robust tool set to administrators, it is a very dependable software with virtually no bugs, and their support is VERY responsive.”
“OneStream strives to achieve 100% customer success and earning a perfect score for the customer satisfaction KPI in the BARC Planning Survey as well as the top recommendation score validates our approach. Coming off our annual Splash User Conference, we continue to align closely to our customers and develop solutions that allow them to replace legacy applications, drastically reduce their cost of ownership, and streamline their close, reporting and planning processes,” said Tom Shea, CEO at OneStream Software.
To learn more about why OneStream Software was “top ranked” or a “leader” in 12 out of 24 criteria, download the OneStream Highlights from The BARC Planning Survey 18. Read what customers have to say about their experience with OneStream.
John O’Rourke is Vice President of Product Marketing at OneStream Software. With a background in accounting and finance, John has over 30 years of experience in the software industry, including 20 years of experience in product marketing at Hyperion Solutions, Oracle and Host Analytics. He has worked with many customers and partners on financial reporting and planning initiatives and has spoken and written on many topics in corporate performance management. John has also held positions in strategic marketing and product marketing at Dun & Bradstreet Software, Kenan Systems and Decisyon.
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