OneStream Software continues to lead the way in Corporate Performance Management (CPM) solutions for mid-sized to large enterprises.
The latest financial performance results and business data indicate that OneStream is on an upward trajectory to continue helping global organizations modernize finance using the OneStream XF platform.
OneStream Software: Growth by The Numbers
OneStream reported 50 percent revenue growth from 2018 to 2019, totaling $130 million in annual revenue.
OneStream was also profitable for the eighth consecutive year, a remarkable feat in the software industry.
Growth was led by the European region, where OneStream increased annual revenue by more than 200 percent. All other regions also showed year-over-year growth.
Overall, OneStream grew its customer base by 50 percent, bringing their total portfolio to 500 global organizations.
To support this growth, OneStream added more than 200 employees last year to bring their total to 445 global employees.
The near 1:1 ratio of OneStream employees to customers captures why OneStream continues to be a leader in customer service for CPM/EPM solutions. Specifically, Dresner Advisory Services recognized OneStream with a perfect Customer Recommend score in 2019.
What is the Source of OneStream Growth?
Global organizations are looking to move away from Excel spreadsheets and “CPM 1.0 applications” such as Oracle Hyperion, SAP BPC, and IBM/Cognos to modernize finance.
The OneStream XF platform is now viewed by organizations as their path to digitally transform Finance, replace legacy CPM/EPM solutions, and reduce their total cost of ownership.
“With our unified and extensible OneStream XF platform and the solutions offered through the XF MarketPlace, our customers are able to retire multiple legacy products, simplify and accelerate finance processes, support more informed decision-making, and allow their Finance teams to become more agile and strategic,” says OneStream president Craig Colby.
In 2020, OneStream is looking to build on their 2019 momentum by expanding globally and introducing a series of advanced analytics solutions that will help organizations plan, analyze, and predict with confidence.
“Our recently announced Predictive Analytics 123 will continue to help finance leaders become more informed, agile, and strategic across the enterprise,” says OneStream CEO Tom Shea.
HollandParker Proud to Partner with OneStream Software
Our CPM consulting firm is proud to exclusively provide implementation support for OneStream XF. We were recently elevated to Diamond partner status, reflecting our firm’s ability to consistently provide excellent implementation support for global organizations.
As a Diamond Implementation Partner, we look forward to growing with OneStream by providing software implementation for new customers in North America and around the globe.
We know that 2020 will be a successful year for both OneStream and our CPM consulting firm during this tremendous growth phase for OneStream.
To find out more about joining the hundreds of organizations that have already migrated to the OneStream XF platform, contact us today for a consultation.