A reliable monthly closing requires structure, overview and cooperation between central finance and local teams. In practice, many organizations still work with separate tools, manual controls and limited transparency. OneStream changes this with a standard consolidation solution that brings all phases of the process together in one integrated platform. In this video we show what this looks like in practice.
What does OneStream offer?
OneStream is a Corporate Performance Management (CPM) solution that helps organizations streamline and improve their financial processes. In addition to budgeting, planning and reporting, OneStream also provides powerful standard functionality for financial close and consolidation. Combining all these functions in one platform creates a unified way of working in which time savings, data quality and insight are central.
The standard solution is flexible, scalable and connects to existing financial systems. The result: reliable, auditable and efficient month-end closing - supported by clear dashboards, workflows and audit trails.
What does this mean for local users?
For local end users, OneStream primarily means simplicity and structure. They work in an intuitive environment in which they submit their figures, validate them and provide explanations if necessary. Deviations, intercompany differences and missing data are automatically detected, so that errors can be solved in an early stage. Entries, explanations and comments are also stored within the same environment.
Because everything takes place within one system, local teams no longer need to exchange spreadsheets or use multiple tools.This provides peace of mind, clarity and more ownership of reporting.
See the solution in action?
In the demo video, we show you what the entire consolidation process looks like in OneStream, from data collection to reporting. You see how local entities provide their trial balance data, how the system automatically performs intercompany checks and how figures are validated and completed in input forms. We also show how journal entries are posted and how reports provide insight using guided reporting, dashboards and Spreadsheet capabilities.
Finally, we show how the period is consolidated to the top entity. An efficient month end, available with the standard capabilities within the OneStream platform.
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