OneStream Empowers CFOs with Real-Time Financial and Operational Planning Solutions
In the rapidly evolving landscape of finance, the role of Chief Financial Officers (CFOs) is expanding beyond traditional boundaries. OneStream, an innovative AI-driven operating system for modern finance, is leading this transformation by unifying essential financial and operational processes. At the recent OneStream Splash User Conference held in Orlando, new solutions were unveiled that allow finance professionals to transition from static, periodic planning to dynamic, real-time decision-making.
As CFOs are increasingly tasked with overseeing operational processes in addition to financial performance, traditional planning strategies are proving inadequate. Relying on disconnected models and outdated assumptions compromises visibility into the real-time impact of business decisions. Research indicates that within the next few years, nearly half of CFOs will assume functions typically aligned with Chief Operating Officers, focusing on efficiency and agility while ensuring long-term value creation.
At the core of OneStream’s innovation is its Line Item Modeling engine, which empowers finance teams to conduct planning at the granular level where critical decisions are made. This engine incorporates cutting-edge AI capabilities, including SensibleAI Forecast, which generates predictive forecasts, and SensibleAI Agents, capable of executing multi-step planning tasks autonomously. Additionally, Operational Data Chat facilitates interaction with operational data in simple, conversational language, allowing finance and operational leaders to gain insights into performance drivers.
With this advanced modeling, finance teams can:
Complementing the Line Item Modeling framework, OneStream has introduced three tailored planning solutions:
1. Workforce Planning: Enables quicker and more confident workforce-related decisions by providing visibility into costs, capacities, and overall impact. This solution aims to break down silos between finance and HR while aligning talent investments with broader business goals. Notable organizations such as Asurion and Emmi have benefited from these tools, shifting from fragmented planning to a cohesive strategy.
2. Fixed Term Planning: Offers real-time insights into expenditures and implications tied to time-limited projects, contracts, leases, and subscriptions. This feature facilitates scenario modeling and helps finance professionals anticipate associated costs, improving their forecasting capabilities significantly.
3. Duration-Based Contract Planning: Focuses on factual data rather than averages, capturing the exact start and end dates for hires, contracts, and grants. By using precise data instead of static assumptions, finance teams can ensure better alignment and make more accurate decisions regarding capacity and resource allocation. Well-known partners like Finit and Asurion have integrated this innovative planning into their operations, moving away from unreliable spreadsheet models.
One of the remarkable aspects of OneStream’s platform is its capability to harmonize all planning efforts under a single framework. This unification eliminates disparate models and conflicting assumptions, establishing a single source of truth for workforce, project, and contract data. As a result, organizations can realize more coherent decision-making across all departments.
OneStream stands at the forefront of modern finance by equipping organizations with a unified platform that merges financial closure, operational planning, and data into one intelligent system. With a robust client base that includes over 1,800 clients, including 18% of the Fortune 500, OneStream empowers CFOs to become pivotal figures in shaping business strategy and operational execution. To explore the capabilities of the Line Item Modeling, visit their website at onestream.com.
Addressing the Challenges in Finance
As CFOs are increasingly tasked with overseeing operational processes in addition to financial performance, traditional planning strategies are proving inadequate. Relying on disconnected models and outdated assumptions compromises visibility into the real-time impact of business decisions. Research indicates that within the next few years, nearly half of CFOs will assume functions typically aligned with Chief Operating Officers, focusing on efficiency and agility while ensuring long-term value creation.
OneStream's Line Item Modeling Engine
At the core of OneStream’s innovation is its Line Item Modeling engine, which empowers finance teams to conduct planning at the granular level where critical decisions are made. This engine incorporates cutting-edge AI capabilities, including SensibleAI Forecast, which generates predictive forecasts, and SensibleAI Agents, capable of executing multi-step planning tasks autonomously. Additionally, Operational Data Chat facilitates interaction with operational data in simple, conversational language, allowing finance and operational leaders to gain insights into performance drivers.
With this advanced modeling, finance teams can:
- - Evaluate growth scenarios and investment choices with enhanced accuracy.
- - Make responsive adjustments based on shifting demand, costs, or capacity.
- - Deeply understand performance metrics and rigorously test underlying assumptions that inform business outcomes.
- - Shift from traditional forecasting to an ongoing, real-time planning approach.
New Planning Solutions for Enhanced Decision-Making
Complementing the Line Item Modeling framework, OneStream has introduced three tailored planning solutions:
1. Workforce Planning: Enables quicker and more confident workforce-related decisions by providing visibility into costs, capacities, and overall impact. This solution aims to break down silos between finance and HR while aligning talent investments with broader business goals. Notable organizations such as Asurion and Emmi have benefited from these tools, shifting from fragmented planning to a cohesive strategy.
2. Fixed Term Planning: Offers real-time insights into expenditures and implications tied to time-limited projects, contracts, leases, and subscriptions. This feature facilitates scenario modeling and helps finance professionals anticipate associated costs, improving their forecasting capabilities significantly.
3. Duration-Based Contract Planning: Focuses on factual data rather than averages, capturing the exact start and end dates for hires, contracts, and grants. By using precise data instead of static assumptions, finance teams can ensure better alignment and make more accurate decisions regarding capacity and resource allocation. Well-known partners like Finit and Asurion have integrated this innovative planning into their operations, moving away from unreliable spreadsheet models.
Unifying Financial Views Across the Organization
One of the remarkable aspects of OneStream’s platform is its capability to harmonize all planning efforts under a single framework. This unification eliminates disparate models and conflicting assumptions, establishing a single source of truth for workforce, project, and contract data. As a result, organizations can realize more coherent decision-making across all departments.
About OneStream
OneStream stands at the forefront of modern finance by equipping organizations with a unified platform that merges financial closure, operational planning, and data into one intelligent system. With a robust client base that includes over 1,800 clients, including 18% of the Fortune 500, OneStream empowers CFOs to become pivotal figures in shaping business strategy and operational execution. To explore the capabilities of the Line Item Modeling, visit their website at onestream.com.
Topics Financial Services & Investing）
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