OneStream Named Leader in Gartner Magic Quadrant for Cloud Financial Close Solutions
In the 2019 Gartner Magic Quadrant for Cloud Financial Close Solutions, OneStream advanced to a Leader among Financial Close (FC) solutions in the market.
As cited by Gartner, the primary reasons for OneStream being named a Leader are the ability to execute software deliverability at a high level of customer satisfaction, improved visibility, and increased market penetration.
Specific to Financial Close functionality, Gartner recognized one of the clear strengths of OneStream that the OneStream XF software platform unifies FC, Financial Planning & Analysis, and other functionality in a single platform. The result is lower total cost of ownership (TCO) and the ability to utilize more capabilities in global organizations.
OneStream Outscores Other Financial Close Vendors in Key Categories
In the Gartner survey of actual customers, OneStream outranked all other Financial Close (FC) vendors in the critical category of providing the most value for the money.
How does OneStream achieve cost savings for global organizations? Every aspect of the OneStream XF software platform shares the same data and functionality, unlike other vendors that piece together applications or modules that require added expenditures to use all aspects of the platform.
Conversely, the OneStream XF platform was built from the ground-up with no stand-alone pieces that need to be cobbled together. Once the software is implemented, the software is immediately ready to support critical functionality for your organization. Then, solutions from the OneStream XF MarketPlace can be downloaded at no additional cost to extend the value of your initial investment in the software platform.
– OneStream was also recognized by Gartner for high scores in product satisfaction and overall capabilities.
- Product satisfaction is reflected by the fact that all of the OneStream customers surveyed by Gartner would recommend OneStream to others “without qualification.”
- Overall capabilities is captured by increased cloud FC capabilities as OneStream has grown through this year’s capital investment from KKR.
Why Choose OneStream According to the Gartner Survey?
Gartner also identified the most important criteria cited by actual customers as to why they selected OneStream as their Financial Close software vendor. Their answers were functional capabilities, performance, and ease of use.
The answers are backed up by the capabilities of OneStream to support Financial Close and Consolidations for complex, global organizations:
- Automated data loading.
- Streamlined reconciliation and reporting.
- Faster close with pre-and post load validations, immediate identification of errors, and quick resolution of data quality issues.
All of this can be achieved through a cloud-based deployment of the OneStream XF software. Alternatively, OneStream offers on-premise or hosted deployment based on the preferences of the customer. Flexibility is built in, ensuring the highest level of customer satisfaction.
To find out more about why it’s time to choose OneStream for Financial Close, contact us today. As a Platinum OneStream implementation partner, we can help address your questions or concerns migrating to a new FC solution.