Account Reconciliation in the OneStream XF MarketPlace

Many businesses are still relying on manual methods to complete their account reconciliations — in fact, it’s almost two-thirds of corporations in the U.S. Using spreadsheets to complete your account reconciliations almost ensures inconsistent data and creates a major bottleneck in your monthly close cycle.

If you’re thinking about speeding up your account reconciliation process, but worried about integrating the tool with your source system — OneStream XF might be your solution. OneStream XF combines financial close and consolidation as well as planning and forecasting into one unified platform. Your account reconciliation solution can be downloaded straight from the XF MarketPlace — like downloading an app to your phone.

How Can I Customize My OneStream Planning Solution?

In our last post, we introduced you to the feature that makes OneStream a CPM trendsetter: the XF MarketPlace. Diving a little deeper, this post will cover how to use the XF Marketplace to enhance your planning and forecasting capabilities.

The XF MarketPlace enables you to customize your OneStream planning solution with four specialty solutions, including:

• People Planning
• Capex Planning
• Cash Planning
• Thing Planning

OneStream’s specialty planning solutions are free to download for every OneStream customer, allowing you to implement your solution with ease. This blog post will go through each specialty planning solution to help you better understand the benefits of planning, budgeting, and forecasting with OneStream XF. With these solutions, you’ll be able to plan for everything from employee compensation to capital investments.

Cornering the OneStream XF MarketPlace

We’ve already introduced you to OneStream XF and talked about how everything you need for CPM — financial consolidation and reporting; planning, budgeting, and forecasting; and account reconciliations — is available on one platform.

OneStream is a truly unique and innovative tool, which means it has some significant differences from the solutions you’re probably familiar with. One of those differences is the XF MarketPlace — one reason why OneStream has been called a trendsetter by industry leaders.

I Can Do Everything in One CPM Platform? Understanding OneStream XF

If you’ve been living in the Hyperion world, you’re used to having several EPM applications that require integration. Too often, improper integration results in an environment that’s difficult or time consuming to manage, applications with errors, and an organization that lacks confidence in the EPM system they’ve invested resources and capital in.

The experts at OneStream feel your pain — that’s why they’ve developed an all-in-one CPM platform with financial consolidation reporting, account reconciliations, and planning, budgeting, and forecasting. Understanding the challenges faced by finance professionals, the OneStream XF founders set out to increase the quality of financial data and to optimize financial reporting and analysis.

In this blog post, we’ll discuss what it truly means to have a unified performance management platform.

In Case You Haven't Heard... A Proper Introduction to OneStream

If you’ve been shopping around for an EPM solution or stay relatively informed of the goings-on in the industry, chances are you’ve heard about OneStream XF. This corporate performance management solution was created by Bob Powers, the inventor of Oracle Hyperion Financial Management (HFM), and Tom Shea, the founder and inventor of Oracle Hyperion Financial Data Quality Management (FDM).

If you didn’t know about the founders already, or if that’s the only thing you know, then this is the blog post for you. We’ll explain why the OneStream platform was developed and what’s different about it. Spoiler alert: core CPM capabilities, including financial consolidation, planning, and account reconciliations, live in one application for a simplified user experience.