Planning and Budgeting Cloud vs OneStream
If you're thinking about migrating to or starting fresh with Oracle Planning and Budgeting Cloud Services (PBCS) and want to know how it compares to OneStream’s Planning solution, we would like to help you navigate this important decision.
Let's start with an overview of each platform.
Oracle PBCS was built from on-prem Hyperion Planning in 2001 and is an on-premise budgeting and planning application. In 2014 the product was moved to the Oracle Cloud. As a cloud application, Oracle Budgeting Software has segmented databases per customer, with shared application servers, which could possibly impact performance.
Yet let's still examine PBCS and compare it to OneStream.
PBCS has the following features:
- 3 BSO Custom Plan Types
- 3 ASO Custom Plan Types
- 1 Consolidated Reporting Cube (Essbase)
- Direct connection via FDMEE and flat files
- Smart lists
- Drillback via URL
Like the on-prem version of Planning, Oracle PBCS does allow for flexibility in making changes to business rules and templates behind the business rules. These are the five frameworks found within EPBCS:
- Financial Statement Planning
- Workforce Planning
- Capital Asset Planning
- Project Financial Planning
- Strategic Modeling
Upgrades are driven from Oracle's schedule and are set within a daily maintenance window.
Now let's look at OneStream and its features.
OneStream was developed by the original architects of Hyperion Financial Management and Hyperion FDM, on a 100% Microsoft technology stack, running on Microsoft’s Azure Cloud. OneStream has a single-tenant architecture, and its customers never have to worry about the impact of other customers on their performance, and they could increase or decrease MS Azure resources as needed.
OneStream has multiple solutions (consolidation, reporting, planning, analysis, data quality) that live together in a single application. Additionally, OneStream’s customer support is focused on 100% customer satisfaction, and this is a key mission for the company.
Upgrades with OneStream are set when the customer is ready, and when it does not interfere with their planning and reporting schedules. The data model for OneStream is relational and supports Relational Blending with dynamic, data that is stored in relational tables, and summarized in virtual cubes to allow for data entry, calculations, and reporting and analysis.
OneStream offers Extensible Dimensionality which supports both corporate and operational requirements. OneStream has direct connections to any system on-premise or cloud and supports Excel spreadsheets and any file format.
Like PBCS OneStream offers static reports, Excel-based reports, and dashboards, but it also leverages reusable columns and rows. This enables the user to have multiple output formats and more customizability than PBCS.
When evaluating PBCS vs. OneStream it is tantamount to your organization's success to determine whether the system you select is scalable, performs well, and provides your organization with new capabilities in addition to providing the data in a fashion that meets the needs of all your decision-makers.
As a multi-vendor consulting and advisory firm, we not only understand what it takes to build these solutions, we know how to maintain them as well. This gives us a 360-degree view of the solution that you only get from years of technical and functional experience. Let us help by arranging demos, coordinating proof of concepts, and give you an unbiased view of the right solution for your business.
Customer Testimonials
Partner SpotLight
Oracle
Oracle has the most comprehensive suite of integrated, global business applications that enable organizations to make better decisions, reduce cost
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.