OneStream Secures FedRAMP High Authorization for Government Cloud Services

OneStream's Major Achievement in Federal Compliance

OneStream, Inc. has made headlines by achieving the highest level of security compliance with FedRAMP High authorization. This milestone certifies that OneStream's government community cloud adheres to the stringent safety standards required by the federal government, thus becoming a trusted platform for managing sensitive financial data. With this new authorization, federal entities can confidently use OneStream's services to support their finance teams in navigating increasing pressures and operational demands.

Understanding FedRAMP High Authorization

The Federal Risk and Authorization Management Program, or FedRAMP, is a U.S. government-wide initiative that standardizes the security assessment, authorization, and continuous monitoring of cloud services. FedRAMP High is particularly significant due to its emphasis on protecting the most sensitive, unclassified data in cloud computing environments. Achieving this level signifies that OneStream has undergone rigorous assessment to ensure compliance with federal security requirements.

According to Tom Shea, CEO of OneStream, the FedRAMP High authorization positions the company as a leader in security and compliance, helping government finance teams enhance their operations and increase transparency amid evolving budget processes and legacy system complexities.

A Timely Advancement in Government Finance

This significant achievement arrives at a crucial moment. As part of the Finance 2035 research conducted by OneStream, it was found that approximately 73% of public sector finance leaders report rising expectations from their CFOs in recent years. The study also highlighted that risk management is now prioritized over traditional goals such as efficiency and growth; 73% of public sector leaders anticipate that risk mitigation will take precedence by the year 2035.

OneStream's journey to FedRAMP High authorization actually began in 2018 when it initially received the moderate level certification. Over the years, the platform has demonstrated a continuous commitment to enhancing its security structure, leading to the recent elevation to FedRAMP High status.

Commitment to Security and Compliance

In addition to this high-level authorization, OneStream has also completed System and Organization (SOC) 1 Type II and SOC 2 Type II reports, underscoring its dedication to maintaining rigorous compliance with platform security.

On their mission to empower government agencies, OneStream offers a comprehensive, cloud-based solution designed to modernize the Office of the CFO. Their platform integrates financial data and operational processes, enabling better planning and forecasting while utilizing advanced artificial intelligence capabilities.

Currently, OneStream supports over 1,600 clients, including 17% of Fortune 500 companies. The company boasts more than 1,500 employees and extends a network of over 300 partners for implementation and development, ensuring robust support for its users.

In conclusion, OneStream’s recognition with FedRAMP High authorization demonstrates not only a commitment to compliance and security in financial management but also positions the platform as an agent of change for federal finance leaders facing rapid organizational transformations. This achievement manifests OneStream’s resolve to steer financial systems toward future-oriented, strategic roles that go beyond mere reporting.

To discover more about OneStream's innovative financial management solutions, interested parties can visit the OneStream website.