OneStream

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 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.

In Betracht gezogene Alternativen

Prophix

Gründe für den Wechsel zu OneStream

Prophix seemed ok but not alot of big customers so not sure it would be around long term. Hyperion seems to have fallen behind in their product development plus the cost of infrastructure to run it would have been prohibitive. Neither Prophix or Hyperion had account reconciliations so would have need to purchased another software package which would need integration and additional cost.

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

In our company we have a lot of legal entities for which we need to consolidate financial statements. This year OneStream was introduced in our firm for the consolidated reporting and it made our life easier than ever before. It allowed us to finish reporting within one day. Previously it used to take us about a week.

Nachteile

The software is not the most intuitive in the world. However, after while you should be able to learn how to use it. There are some thing that you need to choose every time you open the software, It's not always possible to save previously defined view.

Vorteile

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

Nachteile

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

Vorteile

Ease of use. Single platform. Best user acceptance of any software product we have implemented.

Nachteile

I miss Smartview , but perhaps I just need to get more familiar with the OS excel tool