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.
The users fall into two groups. The first is those looking for a consolidation solution to replace HFM, the Oracle product. HFM is aging out, and OneStream is a great fit as a replacement. The other group wants a single product solution for everything – forecasting, planning, consolidation, and reporting. They don't want to switch between multiple products, and they can do it all in OneStream. That 'one version of the truth' concept is what they're looking for.
Mostly, we're using it for consolidation, reporting, and some budgeting. It used to be a hybrid, but they have pushed most of their customers to the cloud now. They'll let people do on-premises if it has high security. For example, for the government or something like that, they will let it be on-prem, but for most commercial customers, it is just on the cloud now.
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.
The primary use case is for reporting purposes.
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.
The users fall into two groups. The first is those looking for a consolidation solution to replace HFM, the Oracle product. HFM is aging out, and OneStream is a great fit as a replacement. The other group wants a single product solution for everything – forecasting, planning, consolidation, and reporting. They don't want to switch between multiple products, and they can do it all in OneStream. That 'one version of the truth' concept is what they're looking for.
We use OneStream XF for our organization's consolidation, planning, and budgeting.
Mostly, we're using it for consolidation, reporting, and some budgeting. It used to be a hybrid, but they have pushed most of their customers to the cloud now. They'll let people do on-premises if it has high security. For example, for the government or something like that, they will let it be on-prem, but for most commercial customers, it is just on the cloud now.