Insights on OneStream, CPM & Finance Transformation | Nova Advisory Blog

The Close Before the Close: Winning with OneStream Account Recs. — Episode 58

Written by Nova Advisory | Wed, Apr 16, 2025

If your account reconciliations only start after the close, you’re already behind. In this episode of CPM Customer Success, Andy Smetana introduces “The Close Before the Close”—a smarter approach to account reconciliations that helps finance teams identify risk earlier, automate low-impact work, and accelerate the close without compromising accuracy.

Episode Summary

Andy breaks down why traditional reconciliation approaches—especially spreadsheets and point solutions—create bottlenecks, increase audit risk, and delay insight. The episode explores how OneStream’s Account Reconciliation solution brings reconciliations into the flow of daily finance operations, enabling real-time status visibility, automated certifications, and proactive risk management. A real-world example from a global manufacturer illustrates the impact of switching platforms, including saving more than $100K per year while improving control and confidence across the balance sheet.

Listen now:

What You’ll Learn

  • Why waiting until after the close creates reconciliation risk

  • Why spreadsheets and point solutions fall short for modern finance teams

  • How OneStream enables real-time reconciliation and auto-certification

  • How earlier visibility helps reduce audit risk and close faster

  • A real-world example of measurable savings and efficiency gains

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