Unlocking the Power of OneStream with Nova Advisory's SMART Services
OneStream is a powerful financial management platform that can help businesses of all sizes...
By: Nova Advisory on Fri, Jul 25, 2025
For Finance and Accounting leaders preparing to implement a new ERP, one critical decision to get right with your financial systems investment:
Where should financial consolidation live — in your ERP or in a Corporate Performance Management (CPM) platform like OneStream?
While ERPs are essential for transactional processing, they’re not designed to handle the complexity, flexibility, and audit rigor required for enterprise-wide financial consolidation.
ERPs are built to record transactions. But when it comes to enterprise performance management, they often fall short.
Financial consolidation in ERP systems typically requires:
This approach increases risk, slows down the financial close, and limits your ability to respond to change.
OneStream is a modern financial software platform designed specifically for enterprise performance management (EPM).
Here’s why more organizations are choosing OneStream software, as their consolidation engine — and why you should consider doing the same:
ERPs often require custom development or third-party add-ons to match this level of sophistication — adding cost, complexity, and risk.
Unlike ERP systems, OneStream CPM handles all of this in a single application – no data movement, no third-party tools, no compromises.
In most ERP setups, actuals live in one system, budgets in another, and forecasts in spreadsheets. This fragmentation leads to:
OneStream consolidates actuals and budgets using the same financial intelligence, enabling seamless variance analysis, faster close cycles, and more confident reporting.
This unified approach is a core part of OneStream implementation best practices, and a key reason why finance teams are moving away from ERP-based consolidation.
For public companies or those preparing for IPO, auditability is non-negotiable. OneStream offers:
This is especially valuable for public companies, global enterprises, organizations with complex financial integration needs, companies facing audit fatigue, or operating in a never-ending close cycle.
ERPs work well when an organization never plans on acquiring new companies with other ERPs
But as soon as you add subsidiaries, acquisitions, or regional variations, ERP-based consolidation starts to break down.
Enabling this flexibility is a hallmark of the OneStream consulting services provided by Nova Advisory, and a key OneStream differentiator from traditional ERP tools.
OneStream runs on Microsoft Azure and integrates with:
It’s a fully SaaS solution that scales from mid-market to global enterprise — with clients ranging from $200M to Fortune 10.
Whether your organization is acquisitive, restructuring, or simply growing fast, OneStream gives you the flexibility to:
Final Thought: Ask the Right Questions Before You Commit
Before locking in your ERP architecture, ask:
If the answers raise concerns, it’s time to consider OneStream.
Next Steps
To discuss these considerations for your specific situation with a Nova Advisory thought leader, contact us here: Are you ready for clarity? | Nova Advisory.
As the leading OneStream Diamond partner, we bring deep expertise in OneStream consulting to help you evaluate the right path for your consolidation strategy — and ensure it aligns with your business goals.
Fill out the form on our website Start Your OneStream Project | Nova Advisory to start the conversation.
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