Customer praise, unified-platform approach and usability drive Leader status in 2020 CPM Value Matrix
February 11, 2020 06:11 AM Eastern Standard Time
ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, a leading provider of modern Corporate Performance Management (CPM) solutions for mid-sized to large enterprises, has been named a Leader in the 2020 Nucleus Research Value Matrix for CPM software. This was the third year in a row that Nucleus Research positioned OneStream as a Leader with high rankings for both functionality and usability.
According to the report, “Customers praised OneStream’s ability to unify multiple financial processes into a single platform and simplify integrations of large datasets into cloud deployments. The XF Marketplace allows users to configure and deploy customized CPM solutions which are available for download by all OneStream customers. OneStream’s usability is also a strength, enabling rapid adoption rates among new deployments.”
OneStream is helping a growing list of companies to digitally transform finance and become a better business partner, supporting strategic business decisions across the enterprise. They are able to replace multiple legacy applications with the unified OneStream XF platform and streamline key finance processes. OneStream’s XF Marketplace further extends the value of the platform with more than 50 downloadable applications that have been tested and optimized for OneStream customers. These include solutions for account reconciliations, tax provisioning, people and capital planning and predictive analytics.
“OneStream Software is honored to be named a Leader by Nucleus Research for a third consecutive year. By delivering rich functionality and ease of use on a single, unified platform, we are helping some of the world’s largest enterprises to digitally transform finance and become more strategic. This is driving rapid growth and global expansion, as enterprises replace multiple Oracle Hyperion, SAP and IBM legacy products — as well as cloud-based point solutions — with the OneStream platform,” said Tom Shea, CEO of OneStream.
The report states that “OneStream is well equipped to accelerate its penetration of the CPM marketspace thanks to its platform approach and broad offering of CPM functionalities. Nucleus expects OneStream to continue attracting business from legacy CPM customers as the benefits of cloud deployments become more tangible.”
A profitable unicorn valued at more than $1B, OneStream recently announced record performance in 2019 and is well poised for a strong 2020. Last month, the company launched Predictive Analytics 123, a solution that delivers advanced planning and forecasting capabilities.
The Value Matrix is based on functionality and usability, the two core measures that Nucleus has found indicate an application’s ability to deliver initial ROI and maximum value over time. To see the full report, go to: https://info.onestream.com/nucleus-research-cpm-technology