OneStream Named a Leader in the 2022 IDC MarketScape for Worldwide Enterprise Planning, Budgeting and Forecasting Applications
December 14, 2022 09:00 AM Eastern Standard Time
BIRMINGHAM, Mich.–(BUSINESS WIRE)–OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, announced today it has been positioned in the Leaders Category in the 2022 IDC MarketScape for Worldwide Enterprise Planning, Budgeting and Forecasting Applications. OneStream is recognized in the report for its comprehensive and configurable platform.
The report highlights OneStream’s modern, intuitive interface that supports workflows through visual cues and solid integration with other business applications to provide a comprehensive solution for users’ CPM needs. According to the report, “OneStream’s extensible and flexible dimension management is a strength with practical applicability in today’s rapidly changing business environment.”
“The storms of disruption brought about by inflationary pressures, supply chain constraints, labor and skills shortages, and geographical conflicts have increased the differentiating value of decision making and planning agility,” said Dan Vesset, Group Vice President, Analytics and Information Management at IDC. “Rapid innovation in this software market is expected to continue as technology providers are reacting to demand driven by market volatility.”
Additionally, the report highlights OneStream’s Sensible ML solution, which provides users with a guided experience to build, deploy and consume time-series ML models within OneStream’s unified platform. According to the report, “OneStream has focused on the incorporation of time series analytics/ML capabilities to enable users to rapidly generate ML models and focus on higher value-generating tasks. A recent example includes AutoML-based generation of forecasts to augment analysts/planner-developed forecasts.”
“This recognition as a Leader in the 2022 IDC MarketScape for Worldwide Planning, Budgeting and Forecasting Applications is a testament to all the work we have done over the past ten years to deliver a scalable, intelligent finance platform that addresses the complex requirements of mid-sized to large enterprises around the globe,” said Tom Shea, CEO at OneStream. “Unifying financial processes such as budgeting, planning, forecasting, financial close, consolidation and reporting on one platform allows Finance teams to conquer complexity, empower the enterprise with insights, and remain agile in today’s rapidly changing global economy.”
The IDC MarketScape study assesses global CPM software vendors in 2022 through the IDC MarketScape methodology. The evaluation discusses both quantitative and qualitative characteristics of CPM applications in the market, specifically the planning, budgeting, and forecasting tasks that are typically conducted in support of the finance function.
IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgment about the market and specific vendors. IDC analysts tailor the range of standard characteristics by which vendors are measured through structured discussions, surveys, and interviews with market leaders, participants, and end users. Market weightings are based on user interviews, buyer surveys, and the input of IDC experts in each market. IDC analysts base individual vendor scores, and ultimately vendor positions on the IDC MarketScape, on detailed surveys and interviews with the vendors, publicly available information, and end-user experiences in an effort to provide an accurate and consistent assessment of each vendor’s characteristics, behavior, and capability.
IDC MarketScape: Worldwide Enterprise Planning, Budgeting, and Forecasting Applications 2022 Vendor Assessment by Ray Huo and Dan Vesset, December 2022, IDC#US48985622
About OneStream Software
OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.
OneStream is an independent software company with over 1,000 customers, 230 implementation partners and 1,200 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.
About IDC MarketScape
IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
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