OneStream AI-Powered Anomaly Detection, Scenario Modeling, Other Microsoft Partnership Extensions and Solution Exchange Announced at OneStream Splash EMEA
COPENHAGEN, Denmark, September 18, 2024 /PRNewswire/ — UnStream (NASDAQ: Operating system), the leading enterprise financial management platform that modernizes the CFO’s office by unifying core financial and operational functions – including financial close, consolidation, reporting, planning and forecasting – today announced at OneStream Splash EMEA a series of new developments, including AI Anomaly Detection, OneStream Navigation Center and more, that build on its AI-driven portfolio and core finance innovations announced in May.
“As economic volatility and regulatory changes continue, CFOs are being asked to do more than report on the past and need the technology and skills to strategically guide the business,” said Tom SheaCEO of OneStream. “We are pioneers in the digitization of core financial activities. This news is a testament to our leadership and commitment to creating purpose-built, AI-powered solutions that meet the needs of today’s financial leaders.”
Sensible AI: Built specifically for finance
The OneStream Sensible AI Walletannounced in May, is a set of packaged AI solutions that address the relevant needs of financial leaders. They include Sensible ML forecasting and scenario planning, Sensible GenAI, and Sensible AI Library. OneStream previewed the following AI capabilities added to this Sensible AI portfolio:
- OneStream AI-Based Anomaly Detection The AI Anomaly Detection feature is part of the OneStream Sensible AI library. It is a pre-packaged AI method that helps finance leaders detect anomalies for data cleansing and reporting. By analyzing thousands of transactions for unusual patterns or outliers, AI Anomaly Detection can uncover unexpected or duplicate entries, allowing finance teams to quickly investigate and correct issues before the final close. This feature is currently in limited availability.
- OneStream’s Sensitive Machine Learning (ML) Scenario Modeling This capability builds on the original OneStream Sensible ML solution and creates real-time, AI-driven “what if” forecasting scenarios using business-specific insights into operational and financial workflows. Finance teams can isolate key business drivers, such as interest rate changes, inflation, gas prices, new product launches, and plant shutdowns, and validate the scenarios and test their impact on forecasting, operational planning, workforce planning, sales planning, and other areas.
Digitizing the CFO’s Office
In May, OneStream announced several innovations focused on digitizing core financial activities, including the expansion of its partnership with Microsoft with the OneStream Certified Power BI Connector. This week, OneStream previewed a series of new innovations aimed at making it easier for finance leaders to deploy, report on, and consume financial reports.
- OneStream Navigation Center simplifies access to reports and bookmarks of critical audit and narrative documents, all in one place. This solution allows finance managers to easily organize, tag and bookmark frequently used documents, audit reports and set due dates for key tasks such as report reviews, deadlines and submissions. Users can also set due dates to ensure they are reviewed and ready to be forwarded to auditors.
- Microsoft Excel Improvements Make it easier than ever to copy, edit, and analyze powerful OneStream data with tools commonly used in Microsoft Excel.
- Expanded exchange of solutions to support tax pillar 2. To meet the evolving needs of global organizations, OneStream Solution Exchange has expanded its capabilities and solutions, welcoming its 100th solution to Splash EMEA. Solutions now include the BDO/Inlumi and AMCO partnership to support Pillar 2 tax criteria. From account reconciliations, workforce planning and transaction matching to AI-powered solutions such as Sensible Machine Learning and InfinitySPM Sales Performance Management, Solution Exchange extends the utility of the OneStream platform to meet today’s business needs while adapting to future requirements.
OneStream Splash EMEA brings together finance leaders and experts from the Office of the CFO for three days to explore how finance leaders can go beyond reporting on past performance to steer the business into the future.
OneStream Splash is sponsored by OneStream Global Systems Integrators, Implementation, Development and Technology Partners including:
- Global System Integrators: PwC
- Diamond: AIQOS, AMCO, Black Diamond Advisory, CFO Solutions, Finext, Finit, Inlumi, Inplenion, Spaulding Ridge
- Gold Partners: Avvale SpA, Bluebird, cpmview
- Silver Partners: Advanced Tax Compliance, BDO LLP, BearingPoint, Keyteach, Swap Support, TaxVibes
- Development partners: Advanced Tax Solutions, AIQOS, AMCO, BDO LLP Black Diamond, Finext, Finit, InfinitySPM, Inlumi, Spaulding Ridge
- Technology partners: EPM Software
To learn more about OneStream Splash EMEA, visit here.
About OneStream
OneStream empowers today’s finance teams to move beyond the reporting of the past and advance finance by leading the business into the future. It’s the leading enterprise finance platform that unifies financial and operational data, integrates AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.
We offer a comprehensive cloud-based platform to modernize the CFO’s office. Our Digital Finance Cloud unifies broader core and operational financial data and processes and integrates AI for better planning and forecasting, with an extensible architecture, so customers can adopt and scale new solutions, realizing greater value as their business needs evolve.
With over 1,400 customers, including 15% of the Fortune 500, over 250 go-to-market, implementation and development partners, and approximately 1,400 employees, our vision is to be the operating system for modern finance. To learn more, visit onestream.com.
Contacts
MEDIA CONTACT
Jaclyn Proctor
Media Relations Contact
UnStream
(protected email)
SOURCE OneStream, Inc.
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