OneStream XF SmartCPM - one unified solution vs Oracle Hyperion
OneStream was founded by the inventors of FDM (formerly Upstream) and Hyperion Financial Management (HFM), which are two of the most widely used
Corporate Performance Management solutions currently used in the marketplace. Hyperion Financial Management (HFM) has been an industry leader for almost two decades,
however, Oracle has lessened their focus on this legacy solution while announcing a collection of new products.
OneStream XF is a single, unified Corporate Performance Management software platform for financial consolidation, planning and analytics, which enables your
business to be agile and adaptable to change while reducing your total cost of ownership.
To accomplish the same results with Hyperion, you'd require multiple products
within the Hyperion Suite
A key difference is that OneStream is one unified solution eliminating the need to install, build, learn, integrate and maintain multiple products
or applications. The key to this is the use of Extensible Metadata, that lets
you specify the dimensions being used for each business process. This enables
you to keep your data in one repository, ensuring ONE version of the truth.
Key Benefits of OneStream:
- Powerful Financial Consolidation and Reporting unified with Budgeting, Forecasting, Planning and Data Quality Management
- Simplified softare installations and upgrades, dramatically loweings Total Cost of Ownership (TCO)
- No additional Finance or IT staff required to own and maintain software
- Extensible Platform to collect anything including Profitability and Cost, Daily/Weekly key Sales Data, Account Reconciliations, Workforce Planning,
Debt Schedules, etc.
- Guided Workflows delivering a turn-key solution for different end-user groups
- Complete process transparency and audit trails for compliance with drill back into source ERP and Sub Systems
- You can deploy the solution On-Premise or in the Cloud, or move it
back and forth. No more having to choose between the two!
OneStream XF Extensible Platform can easily accommodate additional solutions such as Account Reconciliations, Tax, Close Management, Workforce Planning,
Profitability and Cost Analysis and more with no additional software, modules or applications to buy or install, integrate, deploy and learn. This will
dramatically reduce the effort of deploying additional solutions. OneStream XF's revolutionary Extensible Dimensionality delivers operational independence
to business units while respecting strict corporate controls in one unified application.
When migrating to OneStream's extensible platform for corporate performance management, you can leverage your existing Oracle Hyperion
MindStream Analytics is a full-service OneStream partner
implementer focused on corporate performance management (CPM) solutions. The team at MindStream has years
of experience delivering innovative solutions to maximize and provide efficiency to an organizations strategic, operational and financial management processes.
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