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.
I would recommend it. It's not the right fit for smaller, less complex companies. But once you reach a certain size and complexity, it's the product I'd tell people to go to. Obviously, it's not the cheapest, but once your complexity increases, you need a more sophisticated product. Overall, I would rate this product a ten out of ten. I think very highly of the company, the people, and the product itself. They don't allow reselling. Unlike Oracle or SAP, they do direct sales. It's a bit old school, but it ties into their focus on customer service. They want a direct relationship with the customer.
One of the things that people should keep in mind is that it is a platform and you can do a lot with it, but it is best to take a phased approach. You should take your objectives down to bite-size deliverables and then execute a roadmap over time. You should build the foundation. You should get it up and working and use that time to learn it. Once you have it built, you can put extensions on the house, add something over here, add something over here, and put a shed back there. You have to approach it in a way that you're not biting off more than you can chew. You don't want to take your time, but you want to take a more measurable and tangible approach so that you don't end up with this massive project that never gets done. The best way to approach it is to take it into lots of little projects that get you where you want to be over time instead of one big project that might take a long time to get to. Based on our experience, I'd rate it a 10 out of 10.
Financial Close, Consolidation and Reporting
Automate the financial close; reduce time waiting for data loads and refreshing of reports throughout the month. Access accurate and secure financial and operational information from any data source.
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.
I would recommend it. It's not the right fit for smaller, less complex companies. But once you reach a certain size and complexity, it's the product I'd tell people to go to. Obviously, it's not the cheapest, but once your complexity increases, you need a more sophisticated product. Overall, I would rate this product a ten out of ten. I think very highly of the company, the people, and the product itself. They don't allow reselling. Unlike Oracle or SAP, they do direct sales. It's a bit old school, but it ties into their focus on customer service. They want a direct relationship with the customer.
I rate OneStream XF's a ten out of ten. It is the best product to use. It has all the essential features.
One of the things that people should keep in mind is that it is a platform and you can do a lot with it, but it is best to take a phased approach. You should take your objectives down to bite-size deliverables and then execute a roadmap over time. You should build the foundation. You should get it up and working and use that time to learn it. Once you have it built, you can put extensions on the house, add something over here, add something over here, and put a shed back there. You have to approach it in a way that you're not biting off more than you can chew. You don't want to take your time, but you want to take a more measurable and tangible approach so that you don't end up with this massive project that never gets done. The best way to approach it is to take it into lots of little projects that get you where you want to be over time instead of one big project that might take a long time to get to. Based on our experience, I'd rate it a 10 out of 10.