The primary use case for OneStream XF is that it excels in multinational consolidations, which is why large companies choose to purchase it. There are numerous different uses, including budgeting and planning, cash flow, forecasting, and traditional BI-style ask-and-answer functionality that is now available. Although there are many uses, multinational consolidations remain the primary application.
OneStream XF's reporting features significantly enhance analytics and decision-making. They provide traditional BI capabilities that allow me to query source systems with siloed data to perform detailed analysis, such as comparing budget versus actual sales figures. This capability helps me investigate discrepancies by customer or product type, facilitating deeper analysis without switching to other systems.
The best features of OneStream XF are threefold. The first is Extensible Dimensionality, which allows for different levels of detail depending on the task. When budgeting for 2026, Extensible Dimensionality enables detailed breakdowns of supplies into specific items such as printer paper and magic markers. When actuals arrive, that level of detail isn't necessary. This flexibility in collecting and reporting data is a significant advantage.
OneStream XF is advantageous because it provides one product that can do everything. Users do not have to purchase separate products for consolidation, planning, and reporting, which saves time and money in training and setup.
OneStream XF shows a strong commitment to customer success. While 100% satisfaction is unrealistic, OneStream XF puts in substantial effort to ensure clients are successful, which contrasts sharply with experiences from companies such as SAP.
OneStream XF's data integration capabilities with ERP and HCM systems are excellent, thanks to its history. The founders of OneStream XF were the creators of Upstream, which specialized in data integration. When they developed OneStream XF, they implemented that expertise, making it excel at data integration.
There are longstanding challenges with OneStream XF, particularly around the technical aspects that require scripting skills, typically managed by finance departments. While AI advancements might help in simplifying these processes, they haven't evolved enough to solve all user needs.
The cost of ownership can increase due to the need for specific technical knowledge, and implementing OneStream XF can be challenging if your existing team lacks those skills. Often, organizations must engage a consulting company to ensure efficient setup, which adds to implementation costs.
I have had experience with OneStream XF since they were founded, which was approximately 2010 or 2011.
The support from OneStream XF is phenomenal, rated as a 10. Unlike recent experiences with other customer support systems that involve frustrating bot interactions, OneStream XF ensures connection with knowledgeable human representatives.
While OneStream XF helps eliminate data silos, no single product can accomplish this completely. The rise of cloud computing has led to various data silos, even as organizations try to share information at higher levels. Payroll data often comes from outsourced systems, such as ADP, which can create silos as detailed employee data may not be integrated into OneStream XF. Similarly, CRM systems such as Salesforce often house data that remains siloed.
The cost of OneStream XF stands on the high end, which may pose difficulties for smaller companies. It's definitely geared more towards larger corporations that are accustomed to managing significant expenses.
I deal with many different clients, primarily in banking, pharmaceuticals, and consumer products. In banking, OneStream XF helps clients customize financial structures within their regulatory requirements. In the pharmaceutical industry, it handles complex scenarios with medications that come in different sizes or doses. While budgeting might be simplified, actual sales figures can be tracked across various sizes such as 30-day or 90-day supplies. The banking sector has more fixed limitations, making it harder to achieve that level of granularity.
Overall, OneStream XF receives a rating of 8 out of 10. There are both advantages and disadvantages involved, and while there are enough drawbacks to prevent a perfect score, the issues aren't significant enough to warrant a lower rating.