OneStream Reviews

OneStream implementation review

Pros:

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.

Cons:

OneStream does take professional implementation.

OneStream's Ease of Use

Comments: The things that we wanted in a consolidation platform is ease of use, a company that takes initiative to update the product, and something that will help with our consolidation/reporting. OneStream solves all these problems and we are very happy with our investment in OneStream.

Pros:

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.

Cons:

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.

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 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.

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.

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.

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

Powerful, flexible and

Pros:

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.

Cons:

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.

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.

OneStream exceeds expectations

Comments: Dril-Quip reviewed several different products over a 2.5 year period to analyze the best product to suit the Company's current requirements and the ability to be fluid as it grows. OneStream's ability to provide one solution for consolidations, eliminations, reporting, forecasting, budgeting, complex data analytics, and various other items without having to manage data integration between multiple products and data points was a key driver in Dril-Quip's decision to move from an Excel environment to OneStream. The software also provides these functions at half the cost of some of it's competitors. The design and implementation were relatively pain-free and enabled us to meet a quick 6 month go-live target. Any instances in which road blocks were encountered were well handled and a work around provided in a timely manner. OneStream's Customer Support team routinely answered questions within 24 hours of asking a question and in most cases within the hour. The software itself is easy to use such that the end user training was taught by Dril-Quip's administrator and back-up over a 3 day period of train the trainer. Users were a combination of individuals that had never used a similar product and those that had used market leaders. The users caught on quickly to the software due to its ease of use and step by step intuitive processes such that they were uploading, validating, and certifying data by the end of the first day of training. OneStream's training for Administrators and end users is thorough where little assistance if any assistance is needed after go-live. Further, there are extensions of the product such as people planning and account reconciliations that OneStream provides as part of the single license fee which reduce the need for additional software to perform those tasks. Reducing that need enables the Company to be lean in both IT and Finance functions as it is creating more efficient processes. Dril-Quip has been very pleased with the overall quality of the product.

Pros:

-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

Began as a user, now I'm an implementer.

Comments: At Prince we implemented quite a few OneStream solutions. The great thing about this product is that it is all on one Platform. You don't have to purchase multiple software licenses because this software does it all. I loved working with the software so much that I left my position at Prince to pursue a career in OneStream software implementation. I went to my first OneStream conference and definitely drank the Kool-Aid. Everything about this company and product made me want to get more and more involved. I love how OneStream is constantly working on improvements the better meet their customers' needs.

Pros:

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.

Cons:

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.

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.

A complete software suite to help drive your organization!

Comments: As a user for just under two years, the overall experience I've had with the software and the team has been exceptional. And this extends to the user community as well -- it was amazing the number of times I heard "welcome to the family!" during the user-conference, but I definitely felt that way! While focused primarily on consolidations and part profitability, we have big plans to further expand OneStream to allow stronger analytics in guiding us towards future growth and profitability.

Pros:

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.

Cons:

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!

OneStream XF for Consolidations

Comments: We replaced our Hyperion Enterprise system with OneStream. It was a huge win, adding workflow and validation checks to the system that we never had in the past. Data quality is improved and the system itself is rock-solid. Zero down time. Upgrades have never taken more than 2 hours. Support, when you have a question, is very, very fast. Partnering with OneStream was a great move for JLL.

Pros:

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.

Cons:

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.

Fantastic Consolidation Tool With Plenty More To Offer

Comments: Onestream has undoubtedly exceeded our expectations following initial implementation to manage our complex financial consolidation for statutory accounting and regulatory reporting. The breath of capability and scope of future use is causing real excitement across the wider finance function, and Onestream's flexibility is going to be a real asset to the organisation moving forward.

Pros:

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.

Cons:

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.

One application that does it all

Pros:

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.

Cons:

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.

Excellent multi-currency financial consolidation software

Comments: We were looking to replace a legacy system that was no longer going to be supported by its giant software company owner. Based on the experience we had we that company, we knew we did not want to use another of their packages. We chose OneStream based on functionality, product demonstration, price, references and pedigree of its developers.

Pros:

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.

Cons:

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

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.

Review from a satisfied Onestream user!

Comments: Very good!

Pros:

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

Cons:

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

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.

Consolidate without excel

Comments: We had the pleasure to have a great developer that was so knowledgeable, available and genuinely interested to follow and support our growth in using OneStream. He made us feel part of the great adventure that will change our ways of reporting.

Pros:

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.

Cons:

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

OneStream from an Implementer's Perspective

Comments: I have worked with other EPM systems and would choose OneStream every time. The possibilities of what you can do within the platform is quite literally endless. The MarketPlace Solutions allow customers to get as much value out of the tool as they want to. Every single customer that I have implemented for has ended up happy with the software and end up with a solid ROI - especially due to the lower amount of client side manpower needed to maintain the system.

Pros:

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.

Cons:

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.

All on One SaaS platform for CPM/EPM Unified and integrated modeling

Pros:

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

Cons:

Extensible Dimensionality Metadata Management and Utility to Automation of Metadata Build

OneStream is second to none

Pros:

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.

Cons:

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.