OneStream

Vorteile

OmeStream is the updated product that most of the others wish they were. Some of the legacy competitors have stopped innovating. Here's an integrated product that's taken off from where they left off.

Nachteile

OneStream does take professional implementation.

Vorteile

The thing that I like most about the software is that it is very easy to get data out of the system. You can use quickviews, cubeviews, dashboards, books, the options are endless. Once you have these items set up, it takes seconds to produce your monthly financials or inquire on data.

Nachteile

The thing that I liked least about the software was the difficulty of dashboards. I spent a good while trying to figure out an Executive homepage in the older versions. With v5.0 and going forward, it looks like this will be simple from the presentations at Splash.

Vorteile

cubeview, business Rule , dashboards , spreadsheet

Nachteile

In OneStream ,like creating dashboards added components depend on requirement .and creating spreadsheet using table view /Cube view .

Vorteile

The software helps our company make better financial decisions.

Nachteile

Nothing I love it! It is very east to use and comes up with solutions fast.

Vorteile

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.

Nachteile

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

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Vorteile

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.

Nachteile

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.

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Vorteile

The app has it all when it comes to doing the job for financial planning.

Nachteile

Some features of the app may not be well understood for others especially for the beginners.

Vorteile

Consolidating our financial reports across multiple departments became seamless, saving hours of manual work.

Nachteile

Some features feel overwhelming for smaller teams, but it’s excellent for larger organizations.

Vorteile

Fantastic efficient effective payroll software

Nachteile

payroll software that's great nothing I can say is bad about it

Vorteile

Dashboard and reporting with Blending feature.

Nachteile

People planning and customization .Also, few market place solution

Vorteile

-Ease of Use
-Managing the metadata is intuitive
-Multiple uses for the application without bolting on additional applications and data integration points
-Good controls and audit trails

Vorteile

Ease of use. This product requires minimal training for end users and the end user training can be embedded in the application, so they can watch a video of how to perform a task and then execute the task. Because workflow is built into the product, again, the end user simply goes through the workflow to complete their work. The Excel Add-in is again, easy to use. Because our users were familiar with Hyperion HPVAL formulas in Excel, the transition to OneStream's add-in was seamless.

Nachteile

This is a tough question because there is not anything I can think of that the software is unable to do or does not do well. The one thing that would be a nice to have is the ability to lock down exchange rates to prevent anyone from accidentally changing a rate.

Vorteile

OneStream is the most flexible platform I've worked with that enables customers to extend it for an infinite number of uses. The number of solutions that can be built using the platform is unlimited, and the MarketPlace is growing with new solutions all the time. We have a large number of niche applications, each performing a specific purpose, but with OneStream we are already seeing that we can migrate from those other niche software systems to one unified and integrated platform. We are excited to see where we'll go with OneStream XF, and we're especially excited for the new BI dashboarding tools that are currently in development.

Nachteile

The only downside to OneStream XF that I've encountered is with scheduling - reports, integrations, etc. While a couple of solutions are available (Postal Service, Powershell scripts) it would be nice to have an integrated scheduling tool accessible within the app via a frontend dashboard or other page so we could manage the scheduling and distribution of reports. The option to push data versus pull data is a big requirement for us; our software users prefer not to have to go looking for data, and the Powershell scripts that we currently use to schedule integrations and file loads are not user friendly.

Vorteile

Ease of use and endless customization and development possibilities as your company grows. We have multiple entities in 5 different countries with different currencies and ERP. OneStream's capacity of customizing our translation process to our different operations. We also have non-controlling interests in some entities and again the ability to customize the formulas was a big winning point.

Nachteile

The interface look is not modern enough to my taste but nothing major.

Vorteile

I am at a firm that is a diamond partner with OneStream. I am a huge proponent of the tool, and swear by it!

Nachteile

A few pain points with OneStream are related to documentation. There is little to no documentation on marketplace solutions at a level that is useful for a consultant to build off of.

Vorteile

How easy it is to use out of the box and the dimensionality that makes it so versatile

Nachteile

There are a few items that could use functionality updates

Vorteile

OneStream is a fantastic product. we make use of capex and people planning at our organization

Nachteile

so far very is going well with Onestream

Vorteile

The best feature is the functionality, with minimal implementation.

Nachteile

There really isn't anything that I dislike about it.

Vorteile

In my personal experience, the greatest advantages we have realized from moving to OneStream have been 1) increased accountability within our business units for financial data, and 2) streamlined processes by having our trial balances, planning, account reconciliations, etc in one place and fully integrated.

Nachteile

No real notable disadvantages or problems experienced.

Vorteile

-It is extremely flexible
-The community really tries to push forward on development together
-Helpful support
-Extremely fast

Nachteile

-Hard to learn the advanced usage of the software
-Can sometimes feel like a maze of information when an error happens

Vorteile

This is a truly integrated consolidation and financial planning tool, one piece of software, one set of metadata, one set of data, one set of reports.

Nachteile

The lack of customers using it in the UK!

Vorteile

What I like most is the ability to build the software to our specifications and unique situations. The consistency and standard work produced across all entities allows for control over a process and bringing on new users. As well as the reporting that is generated from the system for management.

Nachteile

There is not any one thing that I don't like about the software. There are a lot of features and it just takes time to implement them. Not having more features in our system that are available is what I like least.

Vorteile

This tool enables us to consolidate our and third party financial statements with a few clicks of the mouse. This extremely powerful software can build our monthly financial reports and supplementals in a fraction of the time it used to take us.

Nachteile

Setting up and changing reports is not an intuitive process, so having a good consultant firm on stand by is a must.

Vorteile

The ease of use and entirely customizable platform is what I like most about this software.

Nachteile

There really aren't much cons related to this software, it all comes down to how you design the product to fit your corporate needs when implementing.

Vorteile

I like the functionality and the endless opportunities

Nachteile

Can be a bit confusing when navigating

Vorteile

Good help by AI for finance very helpful to manage big load of information

Nachteile

No big trouble could be a bit laggy sometimes

Vorteile

The nice thing is I can focus on interacting with viewers and do not have to worry about anything going wrong with my stream.

Nachteile

I wish they had option switching between live from camera and recorded video. They say they will have this feature next year. So far I satisfied.

Vorteile

It has a lot of diff features, and quite easy to use them. there will be learning curve, but it is not difficult

Nachteile

so far so good, nothing much that i didn't like

Vorteile

The platform approach for a unified financial service offering.

Nachteile

It is a relatively new offering on the market (about 10 years old) and best practices are still being developed. Managing change across an organization to make the switch can be an obstacle for some organizations, accepting change.

Vorteile

Forms, cube views, origin, fx rates, dashboard.

Nachteile

Not so user friendly or to keep in mind simple process options to proceed.

Vorteile

OneStream has been able to handle any client requirement that I've been presented with. The flexibility and 'art of the possible' with OneStream is unparalleled in the EPM space.

Nachteile

The excel add-in gets the job done for sure, but is not the most user friendly tool. This is typically the hardest piece to train users on and have the most complaints from.

Vorteile

You can incorporate all your Financial Close and FP&A activities in a single unified platform using OneStream. As you integrate different processes within the application you extend and reuse than starting again for each implementation. Customer service and support is incredible, upgrades can be performed within hours and the OneStream Marketplace contains over 50 genuine value-add solutions including Account Reconciliations and Speciality Planning tool. Combine all that and you have the most comprehensive CPM tool on the market.

Nachteile

OneStream is an extensive platform and organisations that implement it need to take the time to understand what the product represents and invest in the right people to administer and maintain it.

Vorteile

The easyness to use and to create and implement. Changes can easily be done.

Nachteile

The capacity. With many users using the system at the same time (moment in the close) the system can act slow.

Vorteile

I loved its Asset Planning and Balance Sheets components.

Nachteile

There’s no free trial for new users to test drive the product.

Vorteile

This software completely revolutionized the Consolidation and Financial Reporting process. When I first started working at Prince, they were finishing up the OneStream implementation. The timing couldn't have been better for me. When I reviewed the prior months excel workbook used for consolidations and currency translations, it was such a nightmare. I had to open up to 10 workbooks just for the values to show up. Each of those workbooks took what felt like forever to open and would often freeze up my entire computer.

Nachteile

There were times that we would provide data to various members of the organization. Often times they would want to pivot on the detail provided. It would have been great if the row dimension type would show up on the same row as the column headers to make for easier pivoting and filtering. Other than that, this software was a God Send.

Vorteile

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).

Nachteile

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.

Vorteile

The software is very intuitive and easy-to-use, but the ability to expand into different organizational "needs" is facilitated by a company that is willing to listen to the needs of their customers, and respond quickly to put those needs into production! From basic consolidations, tracking of capital expenditures & headcount, and strategic planning modules (among many others!), OneStream XF gives users the ability to address their immediate needs while giving them capabilities for future expansion.

Nachteile

As more of an "end user" on the financial side (not I.T.), the only issue I faced was the speed of consolidating data. But note that this is based on a previous version of the software, with the newest release (based on the Splash! user-conference in May 2019) having addressed some of this issue. Another example of the company's willingness to listen and respond!

Vorteile

-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

Nachteile

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

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Vorteile

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.

Nachteile

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

Vorteile

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...)

Nachteile

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

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Vorteile

Onestream's flexibility in terms of metadata structures as well as data integrity controls via for example their unique flow dimension are fantastic. In addition the ability to seamlessly integrate with underlying data sources and systems is invaluable for us as a decentralised organisation with many different systems and processes used by our subsidiaries.

Nachteile

During and indeed following implementation its been very difficult to find any fault with the Onestream software and its integration to our business processes. Some functionality is very specific to the software and requires training, but the extensive Onestream Academy (free of charge) and the paid for formal courses have alleviated any issues in this regard. In addition the support provided to us during the implementation by Onestream themselves has been fantastic.

Vorteile

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.

Nachteile

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.

Vorteile

Flexibility
Agility and Customer Support
Dashboarding and Reporting
Analytic Blend
Business Rule and power of API integration
Data Integration and Transformation
Out of the box Market place solutions like ACM, ARM, Task Scheduler , Security Audit etc

Nachteile

Extensible Dimensionality
Metadata Management and Utility to Automation of Metadata Build

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Vorteile

System has many possibilities to meet reporting needs.

Nachteile

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

Vorteile

It does so much. Every time I think I can't do something in OneStream, the consultants figure out how to get it done. It does more than I can possibly conceive.
I do not spend a lot of time and money maintaining OneStream. The software upgrades are very fast (about a half an hour) and usually do not require any consultant time.
I also like that if I do have a problem or a question, I can submit a support ticket and receive a quick response. Their customer service is far superior to what I'm used to with the giant software company that I dealt with before.

Nachteile

Because it's different from any software I've ever used, it took some getting used to. Definitely not an issue now.

Vorteile

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

Nachteile

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

Vorteile

It's vast capabilities of reporting, ease of use, BI Blend, Dashboarding and excel.

Nachteile

There is so much we can do it's difficult what to select first.

Vorteile

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.

Nachteile

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.

Vorteile

Going into my Administrator role, I did not have a background in IT or systems administration but rather experience in Finance and Accounting. OneStream is designed with not only the end user in mind but the Administrator. There isn't a heavy reliance on SQL/VB.Net unless there are significant changes or requests from the business. The reference guide and Knowledge Based articles are also very helpful in teaching me about the system. The customer support is second to none in that they reply within an hour and are helpful in resolving issues and/or answering questions.

Nachteile

I would say a simplification in managing security would be helpful. In addition, there should be a way to implement security to prevent system administrators from seeing sensitive information in People Planning.

Vorteile

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.

Nachteile

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

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