OneStream Reviews

One Version of the Truth...

Comments: It's been a great experience with a great product.

Pros:

Instead of having to cobble together data from multiple systems with different dimensionality and have to reconcile - I can perform all my Finance functions under the OneStream solution. This saves me tons of time with data syncronization, reconciliation, and dual maintenance. It's a huge time saver.

Cons:

It's very Microsoft platform centric, so you have to be comfortable with that technology baseline. If you want to go cloud - you're going on Azure.

Vima - OS

Comments: Great tool. I sincerely recommend it to all. I do my job better and have more dat thanks to OS.

Pros:

Integration with our previous data was manageable. Customer support was made easy and efficient. Data visualization is awesome. I can understand our company better as undestanding the daily volatility of the company has been made easier to measure and better to predict future circumstances.

Cons:

Probably what took the most amount of time was the integration with our ERP.

OneStream XF

Comments: We are utilizing OneStream for its consolidation functionality. We are also working to implement the people planning solution.

Pros:

The ability to have a unified system. OneStream's ability to keep multiple solutions on one platform.

Cons:

The amount of clicks to configure a lot of items.

OneStream for both Consolidation as IFRS16

Comments: OneStream is now the central platform for reporting, consolidation and IFRS16. The users only use 1 system, there is only 1 admin maintaining all these functional requirements.

Pros:

It's a platform, the consolidation, reporting, data integration is included. But there are also marketplace solutions (apps that you can download) to implement e.g. IFRS16. All from the same user experience.

Cons:

Since it is a platform it has a steep learning curve. Since everything is possible its hard to balance between the ultimate solution and project budget/ timelines.

OneStream software - Conversion From Hyperion HFM/FDM/Planning

Comments: We were forced to make a platform decision by ORACLE, timing was not good from an operational standpoint. We are 6 months in to an 11 month project to go live replacing our Hyperion environment.We are extremely pleased so far with the quality of the product, the quality and speed of support and relatively low overhead to support. All projects this size have pain involved with change management, but thankfully, the software we chose is helping ease that pain, not enhance it.

Pros:

-Ease and simplicity of software architecture implementation and design -One Product for multiple purposes. -Long term expansion capability on one platform -Win10 app access -There is no comparison with the amount of time, effort and money it took to support and maintain the Hyperion environment. Install took less than 2 hrs. Comparable Hyperion install took weeks to get working

Cons:

- Dashboarding can be simplified a bit - powerful, but a bit cumbersome to get started and understand

The next generation of CPM software

Comments: Primarily driving consistency and accuracy across the company on financial reporting, budgeting and forecasting and eliminating all the shortfalls of maintaining those processes in MS Excel. Future vision to implement Account Reconciliations, People Planning, Capital Planning, Sales Planning and Task Manager.

Pros:

The software really is simple to use, user adoption is very fast and for one price you get for multiple products (consolidations, planning/forecasting, account recs, capital planning, etc...)

Cons:

I have not found anything currently that I do not like about the software.

One-year Post go-live

Comments: Very happy with our choice and would not change decision if could go back and choose different vendor

Pros:

OneStream has wide array of functionalities, all on one platform, one software language at one price; powerful corporate performance management platform has helped us automated many tasks across multiple areas in accounting, financial reporting, budgeting, forecasting and analytics.

Cons:

Like other platforms must invest time and resources to get through learning curve

OneStream is ahead of the competition

Pros:

The ease of use is very good. With minimal training I was able to setup the system (with help of consultants of course).

Cons:

Some features are a direct copy of HFM, which is not strange because it's the same creators.

Onestream is the future of CPM

Comments: Great and responsive service, with lots of offerings that you can add to increase the ROI (task manager, reconciliations) at no extra cost. They are consistently improving the product, not resting on the fact that they already have an outstanding product.

Pros:

I really like how easy the software is to use. The customization options are endless, the organization of formulas on members makes it easy to know why a number is the way it is.

Cons:

Onestream does a good job of documenting the software, although sometimes the features offered aren’t fully explained, especially in dashboarding. But it’s a small complaint.

Admin

Comments: Amazing experience. We rolled more than 5 different apps into one

Pros:

Ease of use for our global finance team.

Cons:

Excel plugin is a bit clunky and interface refreshing is tough for admins while troubleshooting

Planning Implemenation

Comments: The experience had been one of learning and embracing the new solution.

Pros:

The software is a unified CPM platform and it's up to the customer to implement the variety of solutions which are included. The features, functionalities and cost structure (overall cost and licenses) were the main advantages for us and why we moved forward with OneStream. At the current moment we have only implemented the Planning solution, along with a daily revenue solution and a profitability solution. The customer service from the OneStream support team cannot be matched. The upgrade process is seamless and requires little or no work on our part (we are in the cloud).

Cons:

It was a learning experience and took time for us to get used to the differences between Hyperion and OneStream. We were used to the various excel functionalities in SmartView which the OneStream Addin did not offer when we first started the implementation. But we were happy to see that OneStream listened to our suggestions for improvements and included them in upcoming releases. Overall, we are happy with our decision and look forward to implementing other solutions. In addition, we partnered with Archetype Consulting and they have been wonderful in guiding us through the implementation, transition and training processes.

Onstream from IT perspective

Comments: Overall is a great software definitely an industry leader in Finance software.

Pros:

The technology is great the seamless integration with excel is one of the most liked features in Onestream from the user's feedback along with consolidations, reports, etc.

Cons:

no that i dislike but the performance some times is a concern.

OneStream XF

Comments: Overall, OneStream has provided a significant benefit to our company. It's a simple, dynamic tool that provides a good end-user experience. It has helped us to speed up our close process and provides great analytical tools for users.

Pros:

From an administrator point of view, the software is extremely flexible and for the most part does not require computer language skills. Almost any report can be created and shown in different ways. The software is extremely dynamic and provides a positive end-user experience if built out correctly.

Cons:

There have been a few minor bugs(Account Reconciliation Manager). While the end-user experience is great for most users, it is difficult to implement on a large scale (100+ users, frequent turnover) due to training. Every application is different, so general training documents are not always applicable. Pulling activity instead of balances is possible, but seems to have caused a few headaches as it's not common.

system with many possibilities and great flexibility

Comments: We are an expanding company and Onestream helps in streamlining the reporting process.

Pros:

System has many possibilities to meet reporting needs.

Cons:

Due to its many possibilities and flexibility it is also a bit complex when you need to troubleshoot.

Next Step in Finance!

Pros:

OneStream is a solution for more then just one part of the finance department, it really optimises the total department.

Cons:

I think it should be HTML based for a better use on mobile devices.

OneStream is AWESOME!!

Comments: Consolidations. Intercompany is a breeze compared to Hyperion.

Pros:

All your data is in one place and you add programs on to the initial installation. For instance, setup OneStream for Actuals and Consolidations and adding Account Reconciliation is just add an app from the store. No separate set of licenses or copying data from one program to another.

Cons:

More training offered. I'm not able to find much of any classes offered locally for reporting or calculations. Most of the training has to be done at headquarters and I haven't found a reporting training class anywhere.

OneStream FP&A Experience

Pros:

Can be customized as per client/ customer requirement

Cons:

Too much coding is required some time for simple dashboards.

One-Stop-Shop for Finance Organizations

Comments: OneStream brings all the information to the finance users. It makes it easier for them to do their jobs, be it close the books, prepare the budget, forecast or analyze the data. OneStream does it all!

Pros:

Flexibility - This software can do everything you can think of.

Cons:

The standard documentation is not detailed enough for advanced users.

Owner

Comments: It is been a great journey so far

Pros:

The platform concept that enables companies to have multiple solutions in a single app.

Cons:

The required initial setup is very important.

The future is OneStream

Pros:

I love the forward-looking approach that OneStream has taken with the software. Rather than standing pat on what is already a solid foundation, the team is constantly seeking out the next challenge they can tackle with enhancements.

Cons:

I found there was a steep learning curve on the implementation work I performed with OneStream. There is not a lot of widely-available information on how to develop in the tool beyond the company's own documentation. A broader community would make it easier for tech-savvy users to better support their own implementations.

OneStream XF Review

Comments: We are currently using OneStream for consolidation, budgeting/forecasting, cash flows, account reconciliations, and external/internal reporting.

Pros:

The ability to report off of, budget, forecast, analyze, and reconcile to the same set of base data is valuable for streamlining our processes.

Cons:

Cube view and report building has a steep learning curve for finance individuals.

OS for APC

Comments: GREAT FOR MONTHLY CLOSE AND CREATING ADHOC REPORTS

Pros:

FLEXIBILITY, EASE OF USE, LOTS OF TIE OUTS / DOUBLE CHECKS BUILT IN

Cons:

SOMETIMES TOO MANY OPTIONS - CAN BE CONFUSING TO MAKE CHANGES

One stop shop

Comments: We are currently migrating over from a Hyperion environment with 3 HFM applications and 2 planning applications - we have gone live with our new fiscal year plan and will be live with actuals in August for our new fiscal year to close the books.

Pros:

Consolations, planning , account rec etc all with one source of metadata management

Cons:

Planning side could use some more enhancements

OneStream XF

Comments: It has been a great experience, from the review of the capabilities through to improvements we've made since implementation. It is one of the best business decisions I have made.

Pros:

It's flexibility and ease of use.

OneStream Review by current client

Comments: Former user of Hyperion product... so able to compare to OneStream. OneStream has successfully included features of other products in a seamless way and has included functionality that was lacking in other products I've used.

Pros:

Ease of use. Bug free.

Cons:

Nothing so far.