Visualizing and Streamlining Data and Processes with OneStream Dashboards
OneStream XF has exploded in popularity over the last few years as a versatile unified platform to manage a wide variety of your business needs. One area that has become robust is the dashboarding functionality of the application, which provides a canvas to present to end users of any organizational level that may include a mixture of charts and graphs, narrative text, or even portions of your processes.
Today's market contains a hefty variety of options for visualization. I've worked with many as a Business Intelligence consultant to display data in a variety of formats to paint the story of an organization's data in a way that is intuitive and insightful. OneStream's dashboarding functionality provides that same capability with the system's financial data.
As a lifelong BI developer and administrator, I love the idea of having this type of functionality built directly into the transactional system and not relying on ETL processes to pull the data out into another system to be analyzed. Of course, there are plenty of benefits to building data marts and warehouses, but OneStream's built-in tools allow an implementation to contain so much of that functionality directly within the solution, which aligns perfectly with the overall product strategy to have OneStream be the single point of interaction and not having multiple systems to maintain and use to perform and maintain regular business processes.
With OneStream, you can achieve so much of this right within the app. The dashboards within OneStream serve a variety of purposes and are more than simply a way to display some charts of your data, although it does that, too.
Here are just a few of the common applications of dashboards in a OneStream implementation:
Visualizing Data
The first and most obvious function of OneStream's dashboards is to display visualizations based on your data. This means producing reusable, well-defined metrics to illustrate the performance or progress of different areas of your business. This features the usual suspects of charts and graphs, all built based on cube views of your data that you also define. Here's an example of a rich dashboard with visualizations:
Financial Reports
Dashboards can also serve as a quick, easy to navigate location for financial reports. Think of having your Income Statement and Balance Sheet defined and developed and able to be refreshed from month to month. Those can be accessible via a dashboard to have them easily accessed when needed.
Landing Pages for Process Management and Administrative Tasks
You can also leverage dashboards to develop interfaces for receiving input from correctly provisioned users or to view, manage, and execute tasks assigned to your position. This means a forecast manager can view a dashboard tailored to their job function to review and execute tasks within the forecasting process, all from within the same sets of interfaces every other OneStream activity is performed in.
Further, you can run reports within your dashboard to audit your progress and your teams at any given point in the cycle, making your dashboards a sort of command center for the financial processes that occur each period.
OneStream's Dashboards are robust and flexible. They allow you to view data in ways that both inform the executive level while enabling the analysts to perform their regular processes. In upcoming blog posts, I will walk through the individual components of dashboards to show just how flexible and easy to maintain they are, as well as provide additional examples of how they can be leveraged to get even more value from your OneStream implementation.
Partner SpotLight
OneStream aligns to your business needs and changes more quickly and easily than any other product by offering one platform and one model for all financial CPM solutions. OneStream employs Guided Workflows, validations and flexible mapping to deliver data quality confidence for all collections and analysis while reducing risk throughout the entire auditable financial process.
Our Company
MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.
Whether you need an enterprise wide Oracle BI Enterprise Edition (OBIEE) rollout, an Oracle BI Apps rollout, or an IBM Cognos ReportNet rollout, MindStream Analytics is here to help you succeed.
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.
CoorsTek
The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.
Elite Body Sculpture
MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.
Enlyte
Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.
Flanders
MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.
Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.
Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.
MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.
OUAI
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Redwire
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.
Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.
XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.