LAS VEGAS, May 21, 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, today announced at OneStream Splash three purpose-built AI solutions.
OneStream Sensible GenAI, OneStream Sensible ML Scenario Modeling and OneStream
Sensible AI Library will speed AI adoption for Finance leaders and empower the
Office of the CFO to Take Finance Further(TM).
"Finance leaders have long seen AI's potential for the Office of the CFO, but
initial AI tools lacked clear business use cases, context, and transparency,
raising more concerns than benefits," explained Tom Shea, CEO of OneStream at
OneStream Splash. "We're redefining AI for Finance to address these challenges,
creating trusted, secure, and purpose-built solutions tailored to Finance pain
points. Our new Sensible AI solutions announced today will increase Enterprise
Finance AI adoption and help CFOs plan faster, forecast with greater accuracy,
and unlock new growth opportunities."
Announcing a Suite of OneStream Sensible AI Solutions
The OneStream Sensible AI portfolio is a set of packaged applied AI solutions
designed to address pertinent needs of Finance leaders - such as forecasting and
scenario planning. With ML and AI models built directly on top of OneStream's
unified data model and proprietary financial intelligence, Finance leaders can
quickly identify trends and business drivers and create forecasts from trusted
enterprise data with unparalleled accuracy and speed.
OneStream Sensible ML, OneStream's first AI solution to market, has already been
implemented by several customers across manufacturing, retail, and services
sectors, including a leading Utility Locating company, Stake Center Locating:
"OneStream Sensible AI solutions are purpose-built for finance, addressing
specific use cases within the finance function," said David Kennedy, CIO at
Stake Center Locating. "OneStream Sensible AI revolutionized our forecasting and
planning processes, by leveraging AI and advanced analytics, it ensures optimal
resource allocation and helps us uncover key business drivers. This approach has
led to significant improvements in forecasting accuracy, resulting in
significant savings to labor costs and empowering more data-driven decisions."
New OneStream Sensible AI solutions announced include:
* OneStream Sensible GenAI combines context and conversation into one powerful

    large language model chatbot to make GenAI impactful and sensible for
    Finance leaders. By pulling data from OneStream's financial intelligence as
    well as a company's own enterprise workflows and data structures, Finance

leaders can interact and query their own data "cubes" in plain English. This financially intelligent translator lets Finance leaders accurately steer the business by gathering insights from financial and operational data directly
within the secure OneStream interface. Examples include a query on comparing

    marketing spend in 2022 against 2023. OneStream Sensible GenAI also enables
    leaders to access OneStream training and documentation such as sales plans
    or contracts, automatically within the chatbot.

* OneStream Sensible Machine Learning (ML) Scenario Modeling capability builds

    on the initial OneStream Sensible ML solution and creates real-time, AI-
    driven "what-if" forecasting scenarios using a company's own enterprise
    information across operational and financial workstreams. Finance teams can
    isolate key business drivers, such as changes in interest rates, inflation,
    gas prices, new product introductions and plant shutdowns, and validate the
    scenarios and test their impact across forecasting, operational planning,
    workforce planning, sales planning and other areas.
  * OneStream Sensible AI Library puts the power of AI reporting into the hands
    of Finance leaders, without the need of a data scientist. The Sensible AI
    Library makes it easier for Financial Close and Consolidation and Financial
    Planning and Analysis teams to use pre-built AI models to consume and
    interact with data across their financial workflows. This allows teams to
    address key reporting and planning challenges, such as detecting anomalies,
    cold start forecasting, and fuzzy matching across a myriad of assets and
    locations.

Enterprise Finance AI: OneStream's Commitment to the Office of the CFO
To speed the adoption of AI for Finance, OneStream also announced its commitment
to ensuring the Office of the CFO can obtain material value from AI and GenAI
development. OneStream's approach to AI, called Enterprise Finance AI, is
intended to transform how Finance teams leverage AI to navigate today's complex
business landscape. Enterprise Finance AI includes three critical areas AI must
meet to speed adoption and significant return on investment for the Office of
the CFO:

  * Trusted: As gatekeepers to business performance insights, Finance leaders
    must trust the data they are using and have transparency behind the sources
    of the insights and analysis. Both first-party data across enterprise

workflows and third-party data that fuels financial formulas and models must

    be validated, trusted sources to ensure the AI models that use them are
    reliable and provide 100% transparency into how the insights and answers
    were formed.
  * Secure: Security is paramount to any enterprise, particularly for Finance
    teams. Embedded AI solutions must be built on a platform with enterprise-
    grade security measures, so the data being used is secure and compliant.
  * Purpose-Built: For the power of AI to be realized, it must be a pre-
    packaged, purpose-built solution for existing Finance workflows, so teams
    can use AI models and processes without the need of a tech expert or data
    scientist.

OneStream was early to see the transformative potential of AI for the Office of
the CFO and invest to deliver purpose-built solutions to market, releasing its
first applied ML offering in 2017. To learn more about OneStream Sensible AI,
visit www.onestream.com/ai/ (http://www.onestream.com/ai/).
OneStream Splash brings together finance leaders and experts within the Office
of the CFO for four days to explore how Finance leaders can go beyond just
reporting on past performance towards steering the business to the future. With
over 2,500 attendees, Splash is the largest gathering of OneStream customers and
finance leaders to date. To learn more about OneStream Splash User Conference,
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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