OneStream Software Recognized as a Leader in Gartner Magic Quadrant for Cloud Financial Close Solutions
Improved placement on both the ability to execute and completeness of vision axes, compared to the previous report, position OneStream in the Leaders Quadrant this year
ROCHESTER, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in Corporate Performance Management (CPM) solutions for the mid-sized to very large enterprise, has been recognized as a Leader in the Gartner Magic Quadrant for Cloud Financial Close Solutions1. This year OneStream has improved its position on both axes, compared to the previous version of the report, and has moved from Visionary to the Leaders Quadrant.
“We are proud to be recognized as a Leader in the Gartner Magic Quadrant for Cloud Financial Close Solutions. We believe this recognition validates the value our customers realize by adopting our unified OneStream XF platform to modernize and streamline their financial close, reporting, planning and analysis processes. This recognition, we believe, also validates the mission we started several years ago to develop a modern, unified, scalable and high-performance platform that can easily be extended as the digital transformation of finance continues to evolve,” said Tom Shea, CEO of OneStream Software.
Robert Anderson and John Van Decker, Research VP Analysts and Greg Leiter, Senior Director, Analyst wrote in the Magic Quadrant for Cloud Financial Close Solutions, “The cloud financial close market has impacted the office of finance. Several trends fueled by technological change are enabling the office of finance to improve the financial close process in terms of effectiveness, efficiency and compliance.”
OneStream’s customers, including some of the world’s largest global enterprises, are leveraging the unified OneStream XF platform to accelerate their financial consolidation and close, streamline planning and forecasting, and extend analysis deeper into the organization with confidence. By unifying these processes in a single platform, OneStream customers eliminate multiple point solutions and realize significant savings in time and cost, so they can focus fewer resources reporting past performance and more on driving future performance.
“I can truly attest to and appreciate the value we’re getting from a single, integrated CPM platform from OneStream. We have dramatically simplified our technical landscape while improving our reporting and analysis capabilities through the use of extensibility, self-service workflow-based reporting, and more,” said Ryan Wild, VP, Global Technology & Solutions at The Carlyle Group.
1 Gartner Magic Quadrant for Cloud Financial Close Solutions, Robert Anderson, John Van Decker and Greg Leiter, 21 October 2019 2 Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions, Robert Anderson, John Van Decker, Greg Leiter, 8 August 2019.
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About OneStream Software
OneStream Software provides a market-leading CPM solution that unifies and simplifies financial consolidation, planning, reporting, analytics and financial data quality for sophisticated organizations. Deployed via the cloud or on-premise, OneStream’s unified platform enables organizations to modernize Finance, replace multiple legacy applications and reduce the total cost of ownership of financial systems. OneStream unleashes Finance teams to spend less time on data integration and system maintenance – and more time focusing on driving business performance.
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 2019 Inc. 5000 as one of the top 700 fastest-growing companies in North America. Learn more at www.onestream.com
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