5 OneStream Capabilities Finance Teams Often Underutilize

hands typing on computer Holland Parker logo

When you invest in OneStream, you’ve opened the door to a number of opportunities for driving innovation and value for your business. But it’s more than just about having OneStream, you want to ensure you’re utilizing it to its full potential.

Here are five capabilities OneStream offers that you should capitalize on so you can make the most of your investment.

SensibleAI™ Forecasting

OneStream’s Sensible AI Studio provides your team with predictive analytics. It uses AI algorithms to analyze your historical data and operational data (revenue, opex, driver-based line items) to help with forecasting.

With this data, the system can forecast future trends and market conditions, and help your CFOs and Financial Planning & Analysis (FP&A) team see incoming market trends and improve strategic decision-making.

Extensible Dimensionality

OneStream’s Extensible Dimensionality engine is architecturally unique; It combines corporate standard dimensions with business unit-specific flexibility in a single model. This means the entire company can use the same basic categories for reporting, or customize them if they choose.

Solution Exchange

The OneStream Solution Exchange provides customers with more than 100 partner and community solutions they can download, configure, and deploy to gain the most out of their platform.

Partner solutions allow clients to find and contract directly with partners and receive support from that partner. Community solutions are tools, utilities, and blueprints developed by OneStream customers, partners, and employees on the platform that are readily available for use.

ESG Planning & Reporting

This solution brings non-financial ESG data together with financial data in a single platform — capturing Scope 1, 2, and 3 emissions data, aligning reporting with recognized frameworks like GRI, SASB, ESRS, and ASRS.

Drill-Back and Transactional Integration

This solution offers clients more than just reporting and analyzing numbers. Instead of having to leave OneStream and manually search transactions, clients can search their transaction history, see the specifics, and gain greater insight without needing to leave the platform.

Closing

OneStream is a sizable investment, so it’s important that you’re making the most out of everything the platform has to offer. Companies that don’t risk leaving dollars on the table. Even if you don’t see the use for the platforms listed above, it’s worth the time (and money) to dig deeper into OneStream and explore what’s available to you.

If you’re wondering how OneStream can take your business further, but don’t know where to start, schedule a call with our team.

About the author

About aarndt

Pre-Transformation Checklist for Finance eBook cover