OneStream Software Overview

Nova Advisory: A Trusted OneStream Diamond Implementation Partner

Choosing a Corporate Performance Management (CPM) platform isn’t just about features—it’s about strategic fit. For finance leaders facing mounting complexity, pressure to modernize, and the demand for real-time insight, OneStream Software stands out.

But with so many platforms promising to streamline planning, reporting, and consolidation, it's easy to feel overwhelmed—and hard to know which solution truly aligns with your goals.

In this guide, you’ll learn:

What OneStream Software is and what makes it different

When OneStream is the right fit for your organization

How to succeed with OneStream—from implementation to long-term results

What Is OneStream?

OneStream is an enterprise-level Corporate Performance Management (CPM) platform designed to unify the essential financial processes within your organization. Unlike other platforms that rely on a patchwork of separate tools, OneStream brings together critical functions under a single, integrated system.

Key capabilities include:

Financial Close: Streamline your month-end close process for faster, more accurate results.
Planning & Budgeting: Driver-based, rolling forecasts for real-time financial planning.
Consolidation: Simplify complex, multi-entity consolidations.

Reporting & Analytics: Real-time financial reporting that ensures consistency across the business.

What separates OneStream from other CPM platforms is its architecture and adaptability. These features are especially important when considering the platform for enterprise-level transformation:

Unified Data Model: OneStream’s single, unified platform eliminates the need for bolt-on solutions, ensuring that all data is seamlessly connected and real-time.
AI-Driven Insights: Built-in intelligence supports predictive analytics and smarter decision-making.
Flexible Deployment: Whether on-premise or in the cloud, OneStream adapts to your infrastructure and compliance needs.

Why Finance Leaders Choose OneStream

Finance leaders face a range of challenges that slow down decision-making, increase operational risk, and lead to inefficiencies across the finance team. Here’s how common pain points are addressed by OneStream:

Common Pain Points
- Fragmented Tools: Multiple disconnected systems lead to siloed data, complex integrations, and manual processes.
- Slow Close Cycles: Lengthy financial close cycles delay reporting, impact decision-making, and increase risk.
- Reporting Delays: Inaccurate or outdated reports undermine strategic planning and decision-making.
OneStream’s Solution
- One Platform, One Truth: OneStream unifies all financial data across your organization, ensuring a single, consistent view of the truth.
- Real-Time Data: With real-time access to financial data, OneStream enables faster, more informed decision-making.
- Scalable for Complex Organizations: Whether you’re a global enterprise or managing a multi-entity structure, OneStream scales to meet the needs of even the most complex organizations.

Financial Close & Consolidation

Automates and streamlines the financial close process, ensuring faster, more accurate results. Simplifies multi-entity and global consolidations for faster decision-making.

Planning, Budgeting, Forecasting

Enables driver-based, real-time financial planning and forecasting, allowing organizations to adapt to changing conditions quickly and effectively.

Reporting & Analytics

Delivers real-time, customizable financial and operational reports, providing decision-makers with accurate insights and predictive analytics to guide strategy.

Data Quality Management

Ensures the accuracy, consistency, and integrity of your financial data by automating validation and reconciliation processes.

Workflow Automation

Automates routine tasks and approval processes, eliminating manual workflows, reducing bottlenecks, and improving team efficiency.

OneStream MarketPlace

Offers a library of pre-built solutions—like dashboards, reconciliations, and predictive models—that extend platform functionality and accelerate time-to-value.

When Is OneStream the Right Choice?

OneStream is powerful—but it’s especially effective in scenarios where complexity, scale, and strategic readiness intersect. Here’s when it makes sense to consider OneStream:

Mid-to-Large Enterprises: Organizations that have outgrown basic or fragmented CPM tools, and need a unified platform that scales with their growth.

Multi-Entity, Multi-Currency Environments: Companies managing diverse entities, complex consolidations, or global currencies benefit from OneStream’s robust, integrated consolidation capabilities
Organizations Ready for Finance Transformation: OneStream fits best when leadership is committed to moving finance beyond transactional tasks toward a more strategic, data-driven function.

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If these scenarios align with your situation, OneStream could be the strategic platform your organization needs.

How OneStream Compares to Other CPM Tools

When evaluating CPM platforms, understanding how OneStream compares to other popular solutions helps clarify why it’s often the preferred choice for modern finance leaders.

OneStream vs. Oracle Hyperion

OneStream vs. Anaplan / SAP BPC

Unified Data Model:

OneStream integrates all CPM processes in a single, unified platform, whereas Hyperion typically requires multiple modules and bolt-ons.

Full CPM Coverage:

OneStream offers broader capabilities, seamlessly unifying close, consolidation, planning, and analytics—while Anaplan and SAP BPC may require additional tools for complete CPM coverage.

Flexibility & Scalability:

OneStream adapts more easily to business changes, while Hyperion’s legacy architecture can be less flexible and harder to maintain.

Consolidation & Close:

OneStream excels in complex consolidations, especially in multi-entity or multi-currency environments, outperforming more planning-focused platforms like Anaplan.

OneStream’s Key Strengths:

Unified Data Model: Single platform architecture eliminates data silos and delivers a trusted, consistent view.
Strong Post-Implementation ROI: Faster close cycles, improved reporting accuracy, and reduced operational costs lead to measurable financial benefits.
Robust Partner Ecosystem: Extensive global network of certified implementation partners ensures deeper expertise and strategic alignment.

Implementation: What to Know Before You Start

Successfully implementing OneStream depends on careful planning, clear expectations, and—most importantly—choosing the right partner.

Why Partner Choice Matters
Typical Implementation Timeline
Common Pitfalls to Avoid
- Misaligned Expectations: Clarify objectives and scope early to prevent scope creep or confusion.
- Poor Change Management: Ensure strong communication, training, and leadership buy-in to smooth the transition.
- Underestimating Data Complexity: Validate and clean your data beforehand to avoid costly delays later.

Nova Advisory: Enterprise Expertise, Delivered with Precision

As a OneStream Diamond Partner with 200+ successful implementations, Nova Advisory brings a senior-led, finance-first approach to every project. Our team includes former CFOs and controllers who understand what’s at stake—and deliver solutions that align with your strategic goals.

We specialize in:

Enterprise-grade implementations for complex organizations
Streamlined delivery that minimizes disruption and accelerates value
Ongoing support through SMART, our premium post go-live program

From planning to performance management, Nova ensures your OneStream investment delivers—now and long-term.

Listen to The CPM Customer Success Podcast

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For Finance Leaders Ready to Move Forward

CPM Customer Success, hosted by Nova Advisory’s Andy Smetana, is your guide to what’s possible. Each episode features real finance leaders sharing how they left behind outdated processes, overcame complexity, and took control of their performance management with OneStream.

Organizations that trust Nova Advisory to Optimize Their OneStream Platform

Ready to Make Your OneStream Investment Count?

As a trusted OneStream Diamond Implementation Partner, Nova Advisory brings the strategic guidance and technical expertise to ensure your system delivers measurable results — from faster closes and better planning to leadership-ready insights.

Tell us where you are today — whether you're starting fresh or trying to fix what's not working
Share your goals and challenges — we'll listen closely and assess what success looks like for you
We’ll follow up with next steps — including how our proven approach can bring clarity, speed, and confidence to your OneStream investment

OneStream Software: What Finance Leaders Need to Know

Nova Advisory: A Trusted OneStream Diamond Implementation Partner

What Is OneStream?

Why Finance Leaders Choose OneStream

Common Pain Points

OneStream’s Solution

Start Building the System Your Finance Team Deserves

Core Features of OneStream Software

Financial Close & Consolidation

Planning, Budgeting, Forecasting

Reporting & Analytics

Data Quality Management

Workflow Automation

OneStream MarketPlace

When Is OneStream the Right Choice?

How OneStream Compares to Other CPM Tools

OneStream’s Key Strengths:

Implementation: What to Know Before You Start

Why Partner Choice Matters

Typical Implementation Timeline

Common Pitfalls to Avoid

Nova Advisory: Enterprise Expertise, Delivered with Precision

FAQs About OneStream Software

Is OneStream cloud-based?

What industries use OneStream?

What’s the cost range?

Listen to The CPM Customer Success Podcast

For Finance Leaders Ready to Move Forward

Organizations that trust Nova Advisory to Optimize Their OneStream Platform

Ready to Make Your OneStream Investment Count?

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