OneStream

Good product to buy. The only problem is that I suggest alternatives if your entity and BP combinations are high (say more than 5000 BPs and 3000 entities).

Take your time with cash flows and design it right the first time.

Get enough (i.e., a lot) of resources within the company to help with the implementation of OneStream and also training the employees. Involve them and take away their worries. The implementation will sometimes be rough, but the benefits are awesome.

Design an end-to-end solution with all necessary capabilities, not a siloed consolidation tool.

Acquire a good vendor for installation.

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Zuerst eine Strategie entwickeln, wo will ich in 5 Jahren sein und dann Stück für Stück in OneStream umsetzen.

Selecting the new finance tool that satisfies the organization requirement is a major decision. Among that OneStream is the best option in the market that provides services for: 1. Financial consolidation, budgeting & planning. 2. Reporting and analytics 3. Data quality and workflow and audit related reports

Clearly identify the use cases for OneStream, spend time on the design phase and make sure it is futureproof, to avoid adding patches on top of each other making things complex on the long run.

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To do it as soon as possible

What are you waiting? OneStream is the best

Definitely use if you have a very complicated entity structures with multiple divisions and multiple currencies.

Make sure that you purchase at the right time and devote the correct resources to the project.

My advice would be to absolutely consider OneStream, its platform approach, performance and constant innovation set it apart from competitors. If they select it, they are buying the best in class tool for the current time, and the tool that’s most likely to stay best in class in the future.

Define properly the concept and scope, as OneStream will impact the full EPM landscape over time.

Plan long-term strategy upfront.

Don't limit your implementation to only Consolidation, Forecasting/ Budgeting, plan it out for the long term, like investing in your ERP solution.

Don't let corporate put a timeline on implementation. Try to get as much as possible in the system, as it will safe time.

Perform any clean-up of your financial data and processes before implementing OneStream or any similar system.

If you want to move to integrated reporting, directly linking month end close processes to corporate performance measurement and future proof functionality for reporting integration across many financial processes, OneStream is the right product to select, as the functionality and flexibility it provides is unparalleled.

Plan out any major process or system changes before starting your implementation.

Make sure historical data is taken care of before the real build starts.

Find a great partner and tell them everything you want to do now and in the future, but only do what you need to do to get started. It is a huge platform, capable of so much, and not biting off too much at once is key.

Implement as many modules as you can in your initial roadmap. We are under-utilizing the functionality because we haven't had the push to roll out different modules subsequent to initial implementation of consolidation, budget, etc.

Take your time for requirements and design.

OneStream platform can meet all your reporting requirements as it is bundled with many other finance related applications available to use at the same cost.

Seek out demos and a very reputable implementation partner. I also strongly recommend connecting with other OS customers.

To be careful in selecting the implementation partner.

Get a good implementor.

Il faut repartir de l'ensemble des processus de l'entreprise pour réaliser une implémentation totale.

Make sure you have the correct internal resources involved.

Utilize MarketPlace solutions and be very careful in the design and assignment of UDs, which can be shared across cubes/ models.

For FP&A, be clear what your requirements are, and know your planning vision.

I think it is the best in the market for companies looking to grow and have a platform that can grow with them.

Go ahead, best tool to work upon...based on the real life experiences and the mistakes done in the previous tools.

Plan for the future from the start when configuring the solution, especially to prepare for extended dimension functionallity from the beginning. Make sure that you have a good Onestream architect in the project from the start.

Ask specific demos for your own use case, most are very generic.