Financial close and consolidation with OneStream
Simplify the closing process and make the complexity in financial closing and consolidation manageable. With OneStream XF, you deliver fast and valid insights to internal and external stakeholders.Corporate Performance Management: Better with OneStream.
Optimization of closing process and consolidation
The Financial Close Process with OneStream. Automate data loading from upstream systems, reconciliation, and reporting. Pre- and post-load validation, instant error detection, and rapid resolution of data quality issues help you close books faster.
Strengthening confidence in financial results
Provide 100% visibility into data, metadata, and process changes with unparalleled audit trails and drill-back capabilities for complete confidence and control in your financial close.
Improve insights in the financial statements
Improve insight into the real-world impact of currency fluctuations on each balance sheet account and track movements and changes in detail for complete cash flow reporting. Financial closure with OneStream CPM.
Main Features | OneStream XF Financial Statement
1. Global financial consolidation and reporting
With the most advanced financial intelligence available on the market, OneStream fully supports regulatory financial reporting requirements, including IFRS, US GAAP, multi-GAAP and local regulations. With OneStream to a quick financial close.
- One data set controls multiple GAAP/IFRS reporting formats.
- Cell-level audit trails provide control over their financial close without compromising performance.
- “Out of the box” approach for complex shareholding relationships and all inclusion types in the consolidation of investments.
2. Powerful functions for intercompany allocations within the framework of your financial statements
Intercompany transactions are automatically made at the level of the first common parent company in each alternative hierarchy. Provide enhanced financial statement insights and visualize the impact of acquisitions and other business changes.
- Automatic intercompany matching at the level of the first common parent company for all hierarchies without complex rules.
- Each intercompany party and counterparty see the local currency, counterparty currency, and group currency at the same time to immediately work together to resolve intercompany reconciliation differences.
- Thanks to ready-made intra-group reports, the status of the reconciliation is always visible, which in turn ensures transparency of the intra-group reconciliation process. Accelerate your financial close with OneStream CPM.
3. Full currency translation and cash flow statement
- As part of the financial close process, identify new cash flow andSources of profitability by company, department, customer, product, region, or distribution channel and generate reports on them.
- Automatic currency conversion by account and transaction type.
- Automated transfer of historical rates for consolidation of investments.
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Other solutions in the field:
Financial Statements & Consolidation
Make financial close and consolidation complexities manageable with OneStream and deliver fast and valid insights to internal and external stakeholders.
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Reporting and Analyse
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Financial Data Quality
With OneStream CPM, integrate and validate data from multiple sources and make confident decisions based on accurate financial and operational results.
Master complexity and ensure the integrity of your financial results with OneStream by reconciling account reconciliations to financial statement reporting.
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Financial Planning & Analysis
Planning, budgeting and forecasts
Align intelligently with OneStream. Advanced planning and analysis (xP&A) across sales, marketing, supply chain and FP&A with flexibility and control. Work together with data-driven insights and signals to drive continuous planning and performance management across the enterprise on a unified, intelligent platform.
Break the month-end reporting cycle with OneStream by turning daily and weekly operational signals from multiple data sources into actionable insights to drive performance.
Reporting und Analyse
Unify your financial and operational data for greater performance and value with OneStream. Provide the right information in the right format at the right time to different audiences.
With OneStream XF, model and develop workforce plans using drivers and dynamic calculations to forecast the cost of new hires and changes in compensation, benefits, taxes, travel, and other related expenses.
Optimize capital asset planning and related depreciation, maintenance, and insurance impacts in the P&L, balance sheet, and cash flow statement with OneStream.
Intelligently align customers, products, pricing, and sales targets with your financial plans in a unified data model and user interface with OneStream.
Analyze revenue and costs across multiple products, customers, or sales channels with OneStream XF and gain insight into underlying profitability drivers.
Meaningful Machine Learning (ML)
Unleash the power and sophistication of Data Science in Finance and Operations through OneStream XF. Experience CPM of the latest generation.
eXtended Planning & Analysis (xP&A)
Gartner defines Advanced Planning and Analysis (xP&A) as an evolution of Financial Planning and Analysis (FP&A) that aligns operational planning with an organization’s financial performance.
Corporate Performance Management redefined