OneStream XF Reviews

Pros
I really like how easy the software is to use. The customization options are endless, the organization of formulas on members makes it easy to know why a number is the way it is.

Cons
Onestream does a good job of documenting the software, although sometimes the features offered aren’t fully explained, especially in dashboarding. But it’s a small complaint.

Rating breakdown

Likelihood to recommend: 10/10

Pros
The thing that I like most about the software is that it is very easy to get data out of the system. You can use quickviews, cubeviews, dashboards, books, the options are endless. Once you have these items set up, it takes seconds to produce your monthly financials or inquire on data.

Cons
The thing that I liked least about the software was the difficulty of dashboards. I spent a good while trying to figure out an Executive homepage in the older versions. With v5.0 and going forward, it looks like this will be simple from the presentations at Splash.

Rating breakdown

Likelihood to recommend: 10/10

Pros
Onestream's flexibility in terms of metadata structures as well as data integrity controls via for example their unique flow dimension are fantastic. In addition the ability to seamlessly integrate with underlying data sources and systems is invaluable for us as a decentralised organisation with many different systems and processes used by our subsidiaries.

Cons
During and indeed following implementation its been very difficult to find any fault with the Onestream software and its integration to our business processes. Some functionality is very specific to the software and requires training, but the extensive Onestream Academy (free of charge) and the paid for formal courses have alleviated any issues in this regard. In addition the support provided to us during the implementation by Onestream themselves has been fantastic.

Rating breakdown

Likelihood to recommend: 10/10

Pros
The ability to have a unified system. OneStream's ability to keep multiple solutions on one platform.

Cons
The amount of clicks to configure a lot of items.

Rating breakdown

Likelihood to recommend: 6/10

Pros
-It is extremely flexible -The community really tries to push forward on development together -Helpful support -Extremely fast

Cons
-Hard to learn the advanced usage of the software -Can sometimes feel like a maze of information when an error happens

Rating breakdown

Likelihood to recommend: 7/10

Pros
-Ease and simplicity of software architecture implementation and design -One Product for multiple purposes. -Long term expansion capability on one platform -Win10 app access -There is no comparison with the amount of time, effort and money it took to support and maintain the Hyperion environment. Install took less than 2 hrs. Comparable Hyperion install took weeks to get working

Cons
- Dashboarding can be simplified a bit - powerful, but a bit cumbersome to get started and understand

Rating breakdown

Likelihood to recommend: 9/10

Pros
The software really is simple to use, user adoption is very fast and for one price you get for multiple products (consolidations, planning/forecasting, account recs, capital planning, etc...)

Cons
I have not found anything currently that I do not like about the software.

Rating breakdown

Likelihood to recommend: 10/10

Pros
-Ease of Use -Managing the metadata is intuitive -Multiple uses for the application without bolting on additional applications and data integration points -Good controls and audit trails

Rating breakdown

Likelihood to recommend: 10/10

Pros
The software is a unified CPM platform and it's up to the customer to implement the variety of solutions which are included. The features, functionalities and cost structure (overall cost and licenses) were the main advantages for us and why we moved forward with OneStream. At the current moment we have only implemented the Planning solution, along with a daily revenue solution and a profitability solution. The customer service from the OneStream support team cannot be matched. The upgrade process is seamless and requires little or no work on our part (we are in the cloud).

Cons
It was a learning experience and took time for us to get used to the differences between Hyperion and OneStream. We were used to the various excel functionalities in SmartView which the OneStream Addin did not offer when we first started the implementation. But we were happy to see that OneStream listened to our suggestions for improvements and included them in upcoming releases. Overall, we are happy with our decision and look forward to implementing other solutions. In addition, we partnered with Archetype Consulting and they have been wonderful in guiding us through the implementation, transition and training processes.

Rating breakdown

Likelihood to recommend: 10/10

Pros
The software is very intuitive and easy-to-use, but the ability to expand into different organizational "needs" is facilitated by a company that is willing to listen to the needs of their customers, and respond quickly to put those needs into production! From basic consolidations, tracking of capital expenditures & headcount, and strategic planning modules (among many others!), OneStream XF gives users the ability to address their immediate needs while giving them capabilities for future expansion.

Cons
As more of an "end user" on the financial side (not I.T.), the only issue I faced was the speed of consolidating data. But note that this is based on a previous version of the software, with the newest release (based on the Splash! user-conference in May 2019) having addressed some of this issue. Another example of the company's willingness to listen and respond!

Rating breakdown

Likelihood to recommend: 10/10

Pros
It does so much. Every time I think I can't do something in OneStream, the consultants figure out how to get it done. It does more than I can possibly conceive. I do not spend a lot of time and money maintaining OneStream. The software upgrades are very fast (about a half an hour) and usually do not require any consultant time. I also like that if I do have a problem or a question, I can submit a support ticket and receive a quick response. Their customer service is far superior to what I'm used to with the giant software company that I dealt with before.

Cons
Because it's different from any software I've ever used, it took some getting used to. Definitely not an issue now.

Rating breakdown

Likelihood to recommend: 10/10

Pros
Ease of use. This product requires minimal training for end users and the end user training can be embedded in the application, so they can watch a video of how to perform a task and then execute the task. Because workflow is built into the product, again, the end user simply goes through the workflow to complete their work. The Excel Add-in is again, easy to use. Because our users were familiar with Hyperion HPVAL formulas in Excel, the transition to OneStream's add-in was seamless.

Cons
This is a tough question because there is not anything I can think of that the software is unable to do or does not do well. The one thing that would be a nice to have is the ability to lock down exchange rates to prevent anyone from accidentally changing a rate.

Rating breakdown

Likelihood to recommend: 10/10

Pros
OneStream is the most flexible platform I've worked with that enables customers to extend it for an infinite number of uses. The number of solutions that can be built using the platform is unlimited, and the MarketPlace is growing with new solutions all the time. We have a large number of niche applications, each performing a specific purpose, but with OneStream we are already seeing that we can migrate from those other niche software systems to one unified and integrated platform. We are excited to see where we'll go with OneStream XF, and we're especially excited for the new BI dashboarding tools that are currently in development.

Cons
The only downside to OneStream XF that I've encountered is with scheduling - reports, integrations, etc. While a couple of solutions are available (Postal Service, Powershell scripts) it would be nice to have an integrated scheduling tool accessible within the app via a frontend dashboard or other page so we could manage the scheduling and distribution of reports. The option to push data versus pull data is a big requirement for us; our software users prefer not to have to go looking for data, and the Powershell scripts that we currently use to schedule integrations and file loads are not user friendly.

Rating breakdown

Likelihood to recommend: 10/10

Pros
From an administrator point of view, the software is extremely flexible and for the most part does not require computer language skills. Almost any report can be created and shown in different ways. The software is extremely dynamic and provides a positive end-user experience if built out correctly.

Cons
There have been a few minor bugs(Account Reconciliation Manager). While the end-user experience is great for most users, it is difficult to implement on a large scale (100+ users, frequent turnover) due to training. Every application is different, so general training documents are not always applicable. Pulling activity instead of balances is possible, but seems to have caused a few headaches as it's not common.

Rating breakdown

Likelihood to recommend: 9/10

Pros
Going into my Administrator role, I did not have a background in IT or systems administration but rather experience in Finance and Accounting. OneStream is designed with not only the end user in mind but the Administrator. There isn't a heavy reliance on SQL/VB.Net unless there are significant changes or requests from the business. The reference guide and Knowledge Based articles are also very helpful in teaching me about the system. The customer support is second to none in that they reply within an hour and are helpful in resolving issues and/or answering questions.

Cons
I would say a simplification in managing security would be helpful. In addition, there should be a way to implement security to prevent system administrators from seeing sensitive information in People Planning.

Rating breakdown

Likelihood to recommend: 10/10

Pros
All your data is in one place and you add programs on to the initial installation. For instance, setup OneStream for Actuals and Consolidations and adding Account Reconciliation is just add an app from the store. No separate set of licenses or copying data from one program to another.

Cons
More training offered. I'm not able to find much of any classes offered locally for reporting or calculations. Most of the training has to be done at headquarters and I haven't found a reporting training class anywhere.

Rating breakdown

Likelihood to recommend: 10/10

Pros
Easy to use, great support

Cons
Not much

Rating breakdown

Likelihood to recommend: 10/10

Pros
In my personal experience, the greatest advantages we have realized from moving to OneStream have been 1) increased accountability within our business units for financial data, and 2) streamlined processes by having our trial balances, planning, account reconciliations, etc in one place and fully integrated.

Cons
No real notable disadvantages or problems experienced.

Rating breakdown

Likelihood to recommend: 10/10

Pros
This is a truly integrated consolidation and financial planning tool, one piece of software, one set of metadata, one set of data, one set of reports.

Cons
The lack of customers using it in the UK!

Rating breakdown

Likelihood to recommend: 10/10

Pros
I love the forward-looking approach that OneStream has taken with the software. Rather than standing pat on what is already a solid foundation, the team is constantly seeking out the next challenge they can tackle with enhancements.

Cons
I found there was a steep learning curve on the implementation work I performed with OneStream. There is not a lot of widely-available information on how to develop in the tool beyond the company's own documentation. A broader community would make it easier for tech-savvy users to better support their own implementations.

Rating breakdown

Likelihood to recommend: 8/10

Pros
The ability to report off of, budget, forecast, analyze, and reconcile to the same set of base data is valuable for streamlining our processes.

Cons
Cube view and report building has a steep learning curve for finance individuals.

Rating breakdown

Likelihood to recommend: 8/10

Pros
What I like most is the ability to build the software to our specifications and unique situations. The consistency and standard work produced across all entities allows for control over a process and bringing on new users. As well as the reporting that is generated from the system for management.

Cons
There is not any one thing that I don't like about the software. There are a lot of features and it just takes time to implement them. Not having more features in our system that are available is what I like least.

Rating breakdown

Likelihood to recommend: 10/10

Pros
FLEXIBILITY, EASE OF USE, LOTS OF TIE OUTS / DOUBLE CHECKS BUILT IN

Cons
SOMETIMES TOO MANY OPTIONS - CAN BE CONFUSING TO MAKE CHANGES

Rating breakdown

Likelihood to recommend: 9/10

Pros
The software is easy to use and is basically capable of anything you need it to be. The Customer support is very responsive to requests for help, as well as ideas for functionality.

Cons
Since I came in after my company implemented, I feel a little behind on the curve on the admin design side (creating cube views, dashboards, etc), so those are a little overwhelming and complex to me, but I feel with training materials available and some practice, it will come easier.

Rating breakdown

Likelihood to recommend: 10/10

Pros
Ease of use. Bug free.

Cons
Nothing so far.

Rating breakdown

Likelihood to recommend: 9/10