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At OneStream, we realize that delivering timely and accurate consolidated financial statements is just a part of the period-end financial close process. We see the Financial Close as a comprehensive and continuous cycle that involves managing the close process and all related tasks. It includes collecting and consolidating data from multiple sources, matching transactional detail to eliminate misstatements, reconciling intercompany balances, and utilizing matched data and reconciled intercompany balances to reconcile account balances required to publish consolidated financial statements. OneStream is the only corporate performance management (CPM) platform on the market that supports the entire financial close process within one, unified application (see Figure 1). It’s this capability to unify all of these processes in parallel and without complexity that gives OneStream the ability to replace multiple legacy or connected finance applications as well as spreadsheets. This approach not only drives speed and accuracy in the close process, but it’s a huge opportunity for organizations to drive total cost of ownership savings and generate a high return from their OneStream investment.

Government agencies are under increasing pressure to effectively communicate their plans, initiatives and impact on the community. The budget, a powerful communication tool, helps agencies do just that by not only identifying services and funding allocations, but also providing the rationale behind key decisions. To bolster confidence in budgets, Finance teams must prioritize quality data, foster better collaboration and implement continuous review processes.

AI’s Increasing Role in Financial Planning and Analysis (FP&A)In today’s rapidly evolving business landscape, artificial intelligence (AI) is playing an increasingly crucial role in the realm of FP&A. Organizations are recognizing the immense potential of AI-powered solutions to optimize FP&A processes, drive better decision-making and unlock valuable insights from complex financial data. OneStream’s Sensible ML for EPM is at the forefront of this AI revolution, offering a powerful and practical approach to harnessing the benefits of AI in FP&A through a unified Auto ML and EPM approach, something unique in the market

When it comes to corporate performance management (CPM), distilled down to the simplest terms, Finance has three basic roles to fulfill in its support for the organisation:

In today’s competitive and volatile economic environment, it’s important for everyone in an organization to have visibility into corporate strategy and to make sure their personal and departmental goals and plans are aligned to corporate goals and objectives.

For most of us, watching sci-fi films like the Avengers or the Matrix has given us a potential insight into what the future might look like. We can, therefore, imagine what’s possible and impossible for the next generations. But, we’re also seeing big shifts in what’s possible right now.

OneStream recently released version 6.8 of our platform, designed to drive speed and flexibility for financial and operational planning and reporting.

Anyone leading Finance in a complex organisation today is likely facing increasing pressure to focus their efforts on value creation rather than just routine accounting, control, and compliance.

Whenever Groundhog Day (Feb. 2nd) comes around it reminds me of that 1993 movie of the same name. Do you remember it?

In today’s world of rapidly changing business conditions and market volatility, it’s important that Finance teams have the agility they need to lead at speed.

As the promise of Artificial Intelligence (AI) within corporate performance management (CPM) moves from fiction to fact, many FP&A teams are asking the same basic question. What do AI and Machine Learning (ML) mean for me?

Finance chiefs are under pressure to leverage more sophisticated technologies to professionalize and modernize their operations. They also face increased scrutiny around the accuracy and timeliness of their data. Corporate performance management (CPM) tools, in particular, can play a critical role in these situations but are often poorly understood

Corporate performance management (CPM) applications are designed to support specific finance processes such as planning, forecasting, financial close and consolidation, financial and management reporting and a broad range of analytics.

Microsoft Excel® has been around for over 30 years now and is the “go-to” tool for most finance professionals, business analysts, and small business owners.

Financial data quality management (FDQM) has often been developed as merely an afterthought or presented as simply an option by most corporate performance management (CPM) vendors.

What is the Future of Planning and Forecasting in a Post-Pandemic World?

The terms enterprise performance management (EPM) and corporate performance management (CPM) have been in use in the market for at least 20 years.