LAS VEGAS, May 22, 2024 (GLOBE NEWSWIRE) -- OneStream Software
(https://www.onestream.com/), the leading enterprise Finance management platform
that modernizes the Office of the CFO by unifying core finance and operational
functions -- including financial close, consolidation, reporting, planning and
forecasting, today announced nearly a dozen product innovations at its annual
customer conference, OneStream Splash. In an increasingly complex and
competitive business landscape, new OneStream solutions empower the Office of
the CFO to set aside complexity, eliminate friction and Take Finance
Further(tm).
"Finance leaders are under immense pressure to cut through all the uncertainty
of today and steer the business towards growth," said Tom Shea, CEO, OneStream
during OneStream Splash. "Too many Finance leaders spend days, nights, and even
weekends, trying to make sense of disparate data and processes - at the expense
of moving the business forward. Today's news underscores the critical steps we
have taken to innovate core finance operations that empower CFOs to become more
strategic than ever."
Revolutionizing Core Finance: New Solutions to Simplify and Unify Operations
OneStream has announced a series of innovations designed to power the core
finance function with easier, automated and simplified ways to execute critical
analysis and configure and report on business performance drivers and across the
entire enterprise. Announcements include:

  * Simplified Corporate Performance Management (CPM) execution: OneStream CPM
    Express is a simplified and packaged version of core CPM capabilities
    including financial close, consolidations, budgeting, reporting and
    forecasting. With pre-built functionalities, predefined reports and guided
    configuration, CPM express simplifies core activities and speeds up
    processes across the Finance function.
  * Centralized Narrative Reporting: OneStream's new approach to Narrative
    Reporting increases the strategic impact of the Finance function, by
    centralizing and accelerating a traditionally lengthy and disjointed
    narrative report assembly. Perform live analysis of corporate performance
    drivers found on the OneStream platform and collaborate with other business
    functions all within Microsoft Office, with documents that are linked to
    fuel automated updates to data and comments.
  * A Simplified Financial Management Experience from Anywhere: OneStream's
    Modern Browser Experience streamlines access to reports, insights,
    dashboards and the full power of the OneStream Platform on-the-go, across
    web browser, iPhone, Tablet and more.

* New Solutions on the OneStream Solution Exchange: Today, there are more than

    90 solutions available on the OneStream Solution Exchange. New partner
    solutions announced include:
      * AIQOS - Lease Accounting
      * AMCO - Advanced Tax Connect
      * Asperitas - HomePage Builder
      * Black Diamond - Accordion Rolling Forecast & Simple Code
      * Inlumi - Enterprise Tax Reporting
      * MindStream Analytics - Accrual Manager - 606 Deferred Revenue

"OneStream creates a single source of truth across the organization, providing
unparalleled visibility and transparency into core financial processes," said
Conor Lawler, CFO at Sandals Resorts. "This unified approach has put finance at
the center of our business planning, empowering our team to make data-driven
decisions with greater accuracy and confidence. By harnessing the power of data,
we gain deeper insights into our customers' wants and expectations and can
proactively anticipate their needs."
Drive Finance-led Business Planning with New Analytic Capabilities that Steer
the Business
To enable more financially led business operations, OneStream announced a series
of innovations that help organizations steer workforce plans, demand forecasts,
sales plans, ESG goals and more while analyzing the impact on financial
performance.

  * Finance-led business planning with InfinitySPM's Sales Performance
    Management (SPM) for OneStream: InifinitySPM's SPM for OneStream solution
    empowers FP&A and Revenue teams to plan, manage and analyze sales
    performance, a traditionally disjointed and siloed workstream, across the
    entire enterprise. Built on the OneStream platform, SPM for OneStream
    expands Finance-led business planning efforts by ending the data wrangling
    across multiple tools and data sets, unifying crucial enterprise insights
    into one process, strategically aligning sales goals, metrics, incentives

and compensation plans with comprehensive revenue forecasting, budgeting and

    financial planning. This unified approach eliminates data siloes and
    misaligned objectives and helps Finance leaders steer the business towards
    growth.
  * Evaluate Business Performance within Microsoft's Power BI Connector:
    OneStream certified Power BI Connector provides a no-code seamless
    integration that allows Finance leaders to quickly connect and consume
    trusted financial and operational data from OneStream within Microsoft's
    Power BI.
  * Personalized analysis and reporting without the need of a technical expert
    with OneStream Genesis: OneStream Genesis improves the automation and
    collaboration of the Financial Close workstream by providing a no-code
    framework to personalize and simplify analytics and reporting on top of
    OneStream's unified data model. From the visual identity of the UX to
    dashboard widgets to data sources and analytics, a simple drag-and-drop
    interface helps Finance leaders create specialized dashboards and widgets
    against the data for C-level consumption, without needing to create special
    coding or formulas on the back end.
  * Agile analytics and reporting with OneStream Dynamic Cubes: OneStream
    Dynamic Cubes creates an interactive modeling and analysis of the business
    by quickly unifying granular transactional, operational and financial data,
    regardless of where it resides, to deliver real-time analytics and drive
    growth.

OneStream Splash is OneStream's flagship customer conference designed to power
the Office of the CFO to steer the business towards the future. OneStream Splash
will take place next year on May 13-16, 2025, in Nashville, TN. To learn more or
to register for the OneStream Splash User Conference next year, visit:
https://www.onestream.com/conferences/splash-na/
Follow the OneStream Splash conversation on LinkedIn and X using
#OneStreamSplash.
About OneStream Software
OneStream is how today's Finance teams can go beyond just reporting on the past
and Take Finance Further by steering the business to the future. It's the only
enterprise finance platform that unifies all your financial and operational
data, embeds AI for better decisions and productivity, and can extend to meet
the evolving needs of your business, without adding technical debt.
We deliver the industry's most comprehensive cloud-based platform to modernize
the Office of the CFO. Our Digital Finance Cloud uniquely unifies key financial
and operational data and processes, embeds AI for faster and better planning and
forecasting, and is infinitely extensible so customers can add new utility and
achieve more value as their business needs evolve.
OneStream is an independent software company backed by private equity investors
KKR, Tidemark, Partners Fund Capital and Alkeon Capital Management. With nearly
1,400 customers, more than 230 implementation partners and 1,300 employees, our
vision is to be the operating system for modern Finance, digitizing core
financial functions and empowering the CFO to become a critical driver of
business strategy.
Additional Resources:
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Jaclyn Proctor
jproctor@onestreamsoftware.com
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