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John O'Rourke | Mar 26, 2024

OneStream Recognized as Digital World Class in Hackett EPM Software Report

As organizations race to modernize their enterprise performance management (EPM) capability and enable Finance teams to focus on driving business value versus wrangling data, the EPM software market continues to grow and gain coverage from an expanding set of IT industry analyst firms.  The most recent example is The Hackett Group®, who entered the fray in early 2024, publishing its first research study evaluating EPM software providers.

Defining Digital World Class®

With many years of experience in best practices research covering Finance and other business areas, The Hackett Group’s Digital World Class Matrix™ report covering EPM software providers evaluated and ranked 12 EPM vendors based on breadth of capabilities vs. value realization for customers.

According to The Hackett Group, Digital World Class means greater insight, value and agility delivered faster and at a lower cost.  In this study, they found that modern, cloud-based EPM solutions deliver far greater value realization than legacy systems, with approximately 94% of companies being satisfied to extremely satisfied with their deployments.

While some analyst firms evaluate the EPM software market as a whole, and others evaluate the planning vs. financial close segments separately, The Hackett Group took a unique approach and pursued both approaches.  The result is an EPM report that separates into three unique matrices based on the nature of capabilities provided across the current vendor landscape:

  • Integrated Enterprise Performance Management
  • Enterprise Planning and Forecasting
  • Enterprise Close and External Reporting

Based on the capabilities of each vendor, they are positioned in applicable matrices and categorized into one of the following areas:

  • Digital World Class
  • Innovators
  • Enterprise Leaders
  • Challengers
  • Emerging

The size of each vendor’s “bubble” symbolizes their market presence, which is determined through the number of years in the EPM market, and the revenue generated for EPM services delivered.

OneStream Recognized as Digital World Class

Based on a rigorous RFI response, vendor briefings and demonstrations, as well as customer reference checks I’m pleased to report that OneStream was one of only 2 vendors out of 12 evaluated, that was recognized as Digital World Class in all three segments of the The Hackett Group EPM report. (see figure 1 below)

Figure 1 – The Hackett Group Digital World Class Matrices for EPM Software

OneStream is pleased to be recognized by The Hackett Group as Digital World Class in all three categories as this is a testament to the breadth and depth of capabilities our platform provides across Financial Close & Consolidation, Planning & Forecasting, Reporting and Analytics with the ability to address the complex requirements of the world’s largest global enterprises.

In the report, The Hackett Group’s analyst team highlighted the following capabilities of OneStream:

  • OneStream’s unified EPM platform with robust financial intelligence and relational blending provides a unique opportunity for finance to fully align/govern data and improve processes from corporate to business units.
  • Relational and periodic data blending via extensible dimensionality and advanced consolidation logic with auditability features improve accuracy.
  • Built-in financial intelligence with standard configurable solutions (“Solution Exchange”) accelerates implementation speed and scale for time to value.
  • Strong customer feedback with very high satisfaction levels and exceptional vendor engagement.

In describing what it means to be a vendor categorized as Digital World Class, The Hackett Group said the following: 

“Digital World Class companies provide top performance in business value and operational excellence and support multiple customers in attaining Digital World Class performance. These companies have an expanded mix of solution capabilities and are achieving high customer satisfaction ratings in value realized.”

The Hackett Group

Learn More

In addition to evaluating and ranking 12 EPM software providers, The Hackett Group’s Digital World Class Matrix for EPM Software report also documents the characteristics of top-performing EPM functions based on extensive customer survey data collected.  To learn more, download a free copy of the report, and contact OneStream if your organization is ready to take Finance further and embark on a journey to Digital World Class!

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