Onestream XF Data Integration
OneStream XF provides market-leading data-integration and data-quality capabilities with seamless connections to more than 150 unique GL/ERP systems, on-premise or in the cloud. With 100% visibility from the source to the reports, data is clearly visible and easily accessible. And with full integration to ERPs and other systems, organizations can simplify business processes, reduce errors and inefficiencies, and allow their teams to be more efficient.
Data integration is one of the most critical aspects of implementing a Corporate Performance Management (CPM) solution because the effectiveness of your budgeting, planning, consolidation and reporting processes is fully dependent on getting timely and accurate data from your GL/ERP, HCM, CRM, and other systems.
Here are some common use cases of data integration in CPM:
- Loading GL trial balances for financial consolidation and reporting
- Loading prior period actuals to seed the budget process or loading year-to-date actuals to
- support rolling forecasts
- Loading supplemental data for financial reporting, budgeting or tax provision
- Loading detailed employee data from HCM systems for workforce planning
- Loading detailed capital asset data from ERP systems for capital planning
- Loading project data from ERP systems for project planning
- Loading customer and prospect data from CRM systems for sales forecasting
- Drilling through to transaction details for budget vs. actuals variance analysis
In today's corporate reporting environment, errors or omissions in financial statements can result in compliance penalties, loss of confidence by stakeholders, and often a reduction in market value. OneStream XF's financial data quality provides strict controls to deliver confidence and reliability in the quality of your data. OneStream's data integration capabilities include:
- Trial Balance Summaries
- Transaction Detail
- Statistical/Non-financial Data
- Employees, Jobs, and Positions
- Leads, Opportunities
- Users and User Security
- Chart of Accounts
- Dimensional Hierarchies
- Operational Metrics
- Currency Rates, and more
Data can be integrated into OneStream XF through several methods, with the most popular (and most powerful) being the "Direct Connect" approach. This approach enables OneStream to directly query source systems, load the data, and drill-through to transaction system details. In addition to Direct Connect, file-based sources can be loaded from spreadsheets compiled by contributors, delimited files from sources without an open interface, or third-party data to enrich the analysis or driver calculation.
These data files can be loaded through the interface as part of a workflow and included in the data validation sequence.
OneStream XF takes data integration to a new level thanks to these benefits:
- Simplifies data collection, consolidation, and certification
- Reduces costs of compliance, internal controls, and audit requirements
- Improves confidence in the quality of financial results
- Provides consistency and accuracy with complete transparency
Contact MindStream Analytics
Use the form below to learn more about data integration with OneStream and how MindStream's consultants can help you implement this modern, unified platform.
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.
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.