OneStream’s platform is designed to streamline complex financial close and consolidation processes—but that doesn’t mean your finance team has to do everything themselves. Many organizations find their teams bogged down in repetitive, time-sensitive tasks that pull focus away from analysis and decision-making.
The good news? These are exactly the types of scheduled and unscheduled consolidation activities you can offload to a managed services partner.
Opening & Closing Periods
Period open/close tasks are critical to keeping consolidations accurate and on track—but they can also be tedious and time-consuming. Common tasks you can offload include:
- Starting a new period in the Global POV
- Locking prior period workflows
- Launching priming transformations or rules (e.g., refreshing actuals and copying to forecast)
- Updating security (write access for current forecast, read-only for prior periods)
- Updating parameters, forms, and dashboards
Quarterly Environment Assessments
Keeping your OneStream environment clean and efficient isn’t just a best practice—it’s essential for performance and audit readiness. These tasks can easily be handled by your support partner:
- Reviewing logs for errors and evaluating system health
- Providing process and performance recommendations
- Purging logs for smoother operations
- Preparing reports for internal and external audit teams
Other Scheduled Consolidation Tasks
Every environment needs regular upkeep. Offload these recurring responsibilities to free up internal bandwidth:
- Manual metadata updates
- Transformation rule updates
- Security additions, deletions, and adjustments
📅 Preparing for Next Budget Season
Budget season is stressful enough—don’t let system setup slow you down. Here are tasks a partner can handle for you in advance:
- Adding new SubVars for smoother forecasting
- Updating planning forms to dynamically shift with SubVars
- Updating business rules
- Refreshing mapping packages
🌍 Adding Locations & Hierarchy Changes
Expanding operations or changing organizational structures? These changes ripple into your consolidation system. Offload tasks like:
- Updating metadata management and deploying to OneStream XF
- Verifying process management status when adding new entities
📝 Year-End Audit Support
Audit prep doesn’t have to be a fire drill. Let your partner handle the heavy lifting:
- Recreating current year submission files (including screenshots)
- Downloading journals, zipping, and delivering directly to auditors
Why Offload These Tasks?
When your team isn’t tied down by system administration, they can focus on what really matters: analyzing results, guiding strategy, and supporting business decisions. By offloading these OneStream consolidation tasks, you gain:
- Time savings during critical close cycles
- Peace of mind knowing routine tasks are handled correctly and on time
- Improved performance thanks to proactive assessments and system tuning
- Stronger compliance with consistent audit support
Wrap-Up Insight
OneStream is a powerful platform, but you don’t need to do it all yourself. From scheduled close tasks to ad-hoc audit requests, a managed services partner can help you offload the repetitive work, reduce risk, and keep your finance team focused on the big picture. → Schedule Your Free Assessment Today
