OneStream AI-Powered Anomaly Detection,
Scenario Modeling, other expansions to Microsoft partnership and
Solution Exchange announced at OneStream Splash EMEA
COPENHAGEN, Denmark, Sept. 18,
2024 /PRNewswire/ -- OneStream (NASDAQ: OS), the
leading enterprise Finance management platform that modernizes the
Office of the CFO by unifying core finance and operational
functions – including financial close, consolidation, reporting,
planning and forecasting, today announced at OneStream Splash EMEA
a series of new developments, including AI Anomaly Detection,
OneStream Navigation Center, among others, that build on its
Sensible AI Portfolio and core finance innovations announced in
May.
"As economic volatility and evolving regulations continue, CFOs
are being asked to do more than report on the past and need the
technology and skills to strategically guide the business," said
Tom Shea, CEO, OneStream. "We are
pioneering the digitalization of core finance. This news is a
testament to our leadership and focus on building purpose-built,
AI-powered solutions that address the needs of today's Finance
leaders."
Sensible AI: Purpose-Built for Finance
The OneStream Sensible AI portfolio, announced in May, is a set
of packaged AI solutions that address pertinent needs of Finance
leaders. They include Sensible ML, Sensible GenAI and Sensible AI
Library forecasting and scenario planning. OneStream previewed the
following AI capabilities added to this Sensible AI portfolio:
- OneStream AI-Powered Anomaly Detection capability
is part of the OneStream Sensible AI Library, the AI Anomaly
Detection capability is a pre-packaged AI method that helps Finance
leaders detect anomalies for data cleansing and reporting. By
scanning thousands of transactions to detect unusual patterns or
outliers, AI Anomaly Detection can uncover unexpected or duplicate
entries, enabling Finance teams to quickly investigate and correct
issues before the final close. This capability is currently of
limited availability.
- OneStream Sensible Machine Learning (ML) Scenario
Modeling capability builds on the initial OneStream
Sensible ML solution and creates real-time, AI-driven "what-if"
forecasting scenarios using a company's own enterprise information
across operational and financial workstreams. Finance teams can
isolate key business drivers, such as changes in interest rates,
inflation, gas prices, new product introductions and plant
shutdowns, and validate the scenarios and test their impact across
forecasting, operational planning, workforce planning, sales
planning and other areas.
Digitizing the Office of the CFO
In May, OneStream announced several innovations focused on
digitizing core finance, including expanding its partnership with
Microsoft with OneStream Certified Power BI Connector. This week,
OneStream previewed a series of new innovations to make it easier
for Finance leaders to deploy, report and consume financial
reporting.
- OneStream Navigation Center streamlines access to
reports and bookmarks critical audit and narrative documents, in
one place. This solution enables Finance leaders to easily
organize, tag and bookmark frequently used documents, audit
reports, and set due dates for key tasks such as report reviews,
deadlines and submissions. Users can also set due dates to ensure
they are reviewed and ready for handover to auditors.
- Microsoft Excel Enhancements make it easier than
ever to copy, modify and analyze powerful data from OneStream with
the commonly used tools in Microsoft's Excel environment.
- Expanded Solution Exchange to Support Tax Pillar 2. To
support the evolving needs of global organizations, the OneStream
Solution Exchange has expanded its capabilities and solutions,
welcoming its 100th solution at Splash EMEA. Solutions now include
BDO/ Inlumi and AMCO partnership to support Pillar 2 tax criteria.
From account reconciliations, workforce planning, and transaction
matching to AI-powered solutions, such as Sensible Machine Learning
and InfinitySPM Sales Performance Management, the Solution Exchange
extends the utility of the OneStream Platform to meet current
business needs while also adapting to future requirements.
OneStream Splash EMEA brings together Finance leaders and
experts within the Office of the CFO for three days to explore how
Finance leaders can go beyond just reporting on past performance
towards steering the business to the future.
OneStream Splash is sponsored by OneStream global System
Integrators, implementation, development and technology partners,
including the following:
- Global System Integrators: PwC
- Diamond: AIQOS, AMCO, Black Diamond Advisory, CFO
Solutions, Finext, Finit, Inlumi, Inplenion, Spaulding Ridge
- Gold Partners: Avvale S.p.A, Bluebird, cpmview
- Silver Partners: Advance Tax Compliance, BDO LLP,
BearingPoint, Keyteach, Swap Support, TaxVibes
- Development Partners: Advance Tax Solutions, AIQOS,
AMCO, BDO LLP Black Diamond, Finext, Finit, InfinitySPM,
Inlumi, Spaulding Ridge
- Technology Partners: EPMWare
To learn more about OneStream Splash EMEA, visit here.
About OneStream
OneStream is how today's Finance teams can go beyond just reporting
on the past and Take Finance Further by steering the business to
the future. It's the leading enterprise finance platform that
unifies financial and operational data, embeds AI for better
decisions and productivity, and empowers the CFO to become a
critical driver of business strategy and execution.
We deliver a comprehensive cloud-based platform to modernize the
Office of the CFO. Our Digital Finance Cloud unifies core financial
and broader operational data and processes and embeds AI for better
planning and forecasting, with an extensible architecture, so
customers can adopt and develop new solutions, achieving greater
value as their business needs evolve.
With over 1,400 customers, including 15% of the Fortune 500,
more than 250 go-to-market, implementation, and development
partners and approximately 1,400 employees, our vision is to be the
operating system for modern finance. To learn more, visit
onestream.com.
Contacts
MEDIA CONTACT
Jaclyn Proctor
Media Relations Contact
OneStream
media@onestreamsoftware.com
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SOURCE OneStream, Inc.
