Expanding OneStream consolidations applications to Budgeting,
Forecasting, and Modeling
OneStream's Corporate Performance Management offering has been recognized as a full-featured solution for financial close functions, but recent enhancements have improved its
value as a full-featured budgeting, forecasting, and financial modeling solution as well.
Customers that have deployed OneStream for corporate consolidations can realize significant additional value in their investment by leveraging out of the box functionality
to build Budgeting, Forecasting, and Modeling applications. Gone are the days of multiple integrations between systems to create several similar, but separate, applications
to suit Financial Close needs, Long Term Planning, Short Term Budgeting, Forecasting, and Operational Modeling. OneStream's Extensible Dimensionality functionality allows
for different models to share similar dimensionality and data, where appropriate. Furthermore, multiple models can have subsets of dimensionality, allowing for purpose-specific
hierarchies to be built as needed. OneStream's shared dimensionality reduces model refresh and enhancement effort, but also does not limit flexibility to design models
capable of capturing nuances necessary for identifying the best competitive advantages.
Combining out of the box hierarchy extension functionality with data extensions between scenarios allows enterprises to leverage resources investigating opportunities,
not maintaining backend complexities inherent to legacy solutions. This frees business resources to continue to evolve their modeling capability, while also
freeing backoffice operations from the workload of supporting nonoperational infrastructure.
is available either entirely in the cloud or hosted on a customer's own hardware. Either option provides the same set of features and functionality, and is only
determined by customer preference for one installation type vs another. MindStream Analytics'
extensive knowledge can guide you to implement a complete solution for
Budgeting, Forecasting, and Consolidations.
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