OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today highlighted new innovations for extended planning, reporting and analysis capabilities at its 2022 Splash EMEA Global User Conference and Partner Summit. New innovations including Microsoft Power BI integration, ESG reporting and Sensible ML solutions will enable organizations to accelerate financial and operational insights and decision making, allowing OneStream customers to further extend the value of their investment in the platform to address new requirements.
The new capabilities highlighted at Splash Paris will allow OneStream customers to address a new range of internal and external reporting, planning, and deep operational forecasting challenges across a variety of industries, including retail, hospitality and CPG manufacturing. These capabilities highlight OneStream’s continued platform innovations based on customer input and emerging market trends. The new innovations build on the strategy OneStream embarked on at its inception to create a financially intelligent platform that can be extended to address line of business requirements for reporting, planning and advanced analytics as well as a wide range of pre-built MarketPlace solutions.
“Now more than ever, finance leaders need the tools and data to support critical decision making as they navigate the rapidly changing business environment,” said Tom Shea, CEO at OneStream. “Through our new Power BI, ESG reporting and Sensible ML capabilities, OneStream customers are able to unify financial and operational strategies through our unified, extensible platform to improve agility and transparency across the enterprise. Customers will be equipped with the data-backed insights needed for accurate forecasting and decision-making for effective planning, reporting and analysis to drive strategic growth.”
Customers and industry analysts have continued to praise OneStream’s focused approach in its Sensible ML and ESG reporting solutions, along with its commitment to continuous platform innovation to drive additional value and capability for customers.
“The forecast accuracy, flexibility, and capability of Sensible ML to incorporate external indicators, like customer EDI orders, should provide predictability and causal transparency to our business, ease the integration with our existing operational planning process, and reduce extraordinary operating costs due to unforeseen demand volatility,” said Dennis Popma, Strategic Projects Director at Autoliv.
Robert Kugel, Senior Vice President and Research Director at Ventana Research, commented, “OneStream is ahead of the curve in offering a sophisticated AI solution and its approach looks promising. Trust and demonstrating a lack of bias in recommendation are important to user acceptance of this technology. Recognizing this, OneStream has built in techniques such as back testing models to show users how they would have performed in the past, as well as having a focus on transparency to foster trust.”
“With its ability to integrate and validate data from a wide variety of sources, incorporate commentary and provide complete audit trails, OneStream is a great platform for aligning ESG reporting with financial reporting and for tracking progress against ESG goals and targets,” said Alexander Faber, Head of ESG at Sonum International. “We have ESG reporting projects underway with several joint customers and will be demonstrating our ESG reporting solution at Splash Paris. Our OneStream ESG solution was designed with the ability to import data once and re-use it to calculate a full set of KPI’s in both metric and imperial systems and to report this information based on different reporting standards.”
