2019 CPM Value Matrix projects OneStream to outpace market in functionality and usability
February 19, 2019 11:14 AM Eastern Standard Time
ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, simplifying finance processes for leading enterprises worldwide, has been named a Leader in the 2019 Nucleus Research Value Matrix for CPM software. OneStream was recognized as a Leader due to its comprehensive breadth of CPM functionality, Nucleus noted in the report.
“OneStream is well-positioned to penetrate the legacy CPM customer base, thanks to the unified nature of its platform and simplicity of its cloud transitions. Its comprehensive suite of functionality should also be attractive for customers who wish to consolidate their planning and performance management systems into one platform,” said Andrew MacMillen, analyst at Nucleus Research.
OneStream’s high ranking is based on its strong financial close, consolidation and reporting capabilities combined with planning, forecasting and analysis solutions, all on a single platform. 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 tax provisioning, specialty planning and lease accounting.
“OneStream Software is pleased to be recognized by Nucleus Research as a leader in the CPM market. We continue to receive some of the highest rankings for both ease of use and functionality and this directly translates to delivering on our mission of 100% customer success. This is fueling our growth, as a growing number of enterprises replace multiple Oracle Hyperion, SAP and IBM legacy products with a single, unified OneStream platform – and extend their CPM deployments across the enterprise,” said Tom Shea, CEO at OneStream Software.
OneStream Software recently announced a significant investment from KKR to support and accelerate future growth and expansion. The company achieved 137 percent year-over-year growth in software sales and record profitability in 2018.
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-value-matrix-report-2019
About OneStream Software
OneStream Software provides a modern Corporate Performance Management solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed in the cloud or on-premise, OneStream XF is one of the first and only solutions that delivers corporate standards and controls, with the flexibility for business units to report and plan at additional levels of detail without impacting corporate standards – all through a single application.
The OneStream XF MarketPlace features downloadable solutions that allow customers to easily extend the value of their CPM platform to quickly meet the changing needs of finance and operations. OneStream was named to the 2018 Deloitte Fast 500 ranking in North America.