OneStream is a powerful financial platform to help businesses streamline their consolidation, planning, reporting, data quality, and financial signaling. To further expand on these areas, OneStream MarketPlace Solutions were developed. The OneStream MarketPlace has more than 50 pre-configured solutions to help, including productivity solutions, planning and analysis solutions, and financial close solutions.
Sensible Machine Learning is a MarketPlace solution designed to give you access to powerful and sophisticated data science tools. Artificial Intelligence has impressive uses across finance and operations, and the OneStream platform allows you to incorporate them into your enterprise planning process.
Simply put, the Sensible Machine Learning application can help you accelerate the time to value for machine learning forecasts – without the significant expenses usually associated with traditional ML methods.
This solution makes using machine learning technology easy for operational analysts and FP&A teams, leading to more accurate reporting and better organizational collaboration.
One of the most common objections to incorporating machine learning into business forecasting is the time and money it takes to scale it across the organization. However, with OneStream's Sensible Machine Learning solution, you can break through these high barriers and automatically create demand forecasts.
The platform can create thousands of demand planning reports for various products and locations. In addition, the models are informed by business intuition to improve performance, meaning you don't need to rely on top-down models that are too generalized.
For example, you can align your demand plans with driver-based sales, labor plans, and material costs inventory – across your P&L, Cash Flow Statement, and Balance Sheet.
With the Sensible Machine Learning application, you can continuously monitor and retrain your models. Not only will this boost performance and increase your forecast accuracy, but it will also minimize human bias.
Leverage these machine-learning scenarios across dashboards, forms, and visualizations. The built-in retraining capabilities allow you to measure performance over time and develop confidence and trust in the models.
Another critical component of the Sensible Machine Learning application is transparency. It includes back-testing capabilities and drill-back features so your team can feel confident that the model is accurate and effective.
OneStream's Sensible Machine Learning marketplace solution allows your organization to create, deploy, and use time-series models within a single platform. In addition, the systematized process eliminates many of the complexities normally associated with these development tools.
What would typically require a team of data scientists and specialists is automated by this AI tool. The experience is guided so that users with limited experience can navigate it easily, and the AI engine automatically adapts to ensure the best forecast possible is created.
The OneStream MarketPlace solution for Sensible Machine Learning empowers finance teams to leverage artificial intelligence and ML. Specifically designed for corporate performance management, this tool can help you productize time-series ML modeling and create effective demand forecasts.
The technology works directly within the OneStream application environment so that you can incorporate business intuition like competitor info, pricing, events, and more into your reporting. Monitoring and retraining models are simplified, so you can constantly improve your forecasts and scenario analysis.
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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.