Blog

June 18, 2021

Why an ERP software is important to your business

In starting a business, it is important to be flexible and have good planning and organizational skills to succeed. A lot of business owners think that if you have great product, service, or a unique concept to sell, you start making money. Only to find out in the end that it is much more complicated as you expect it to be.

  

This can be avoided by planning...

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ERP Principal

Vanessa Romero

February 19, 2021

Using Existing Excel Files to Load Data in OneStream

Most businesses use Excel to work on their Planning, Budgeting, Forecasting and Reporting needs. The source data for these statements is an output of another system like an ERP.

  

It is usually in the form of flat files or Excel files... 

 

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Business Analyst

Shrushti Patil

December 11, 2020

Derivative Rules - A Step Towards Data Quality

In OneStream, all active dimensions require transformation rules. These are used to ensure that the data goes in the required combinations in the OneStream Solution.

 

Transformation rules (one to one, composite, range, list & mask)...

  

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Business Analyst

Shreyas Deshmukh

October 23, 2020

Spreadsheet Hell:

The Consolidation, Close and Reporting Conundrum -

Part 1

The financial consolidation, close and reporting process is one that most organizations continue to struggle with. Is it because the process is...

 

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Managing Director, APAC

Darshana Sanghavi

September 25, 2020

Data Quality --> Confidence

CFOs have moved on from reporting about the past to predicting and paving the way into the future.

The C-suite often knows what is happening in the organization but at times struggles to understand why.

For this, they must be armed with...

 

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Principal Consultant

Niki Dedhia

July 10, 2020

Finance Leaders Can Manage Risks Through a Balance Sheet Focus

The challenges that many businesses are facing currently are varied, with the majority seeing an impact on the revenue streams. Strong leadership from the CFO is the need of the hour. 

 

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Managing Director, APAC

Darshana Sanghavi

April 16, 2021

Stress-free Financial Close

with a software that ACTUALLY supports your work

Can you recognize these situations in your organization?

 

  • Around beginning December, a spreadsheet is circulated in the Finance team. The spreadsheet is showing closing tasks for yearend reporting with responsible person and deadlines of the tasks. Advanced spreadsheets also...

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Business Analytics Strategist

Steen Christensen

February 4, 2021

Multi Columnar Data Load
in OneStream

For any EPM / CPM project, some of the key discussions revolves around “How do we use Excel files to load data into the application?”’. “Can we make it easier for users to enter data in the system?”. The data load using Excel may either be a single column of amounts or having amounts in multiple columns. Some examples of having...

  

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Business Analyst

Zeeshan Ali

November 06, 2020

Power-Excel with OneStream

Let’s be honest; finance likes to work with Excel and come what may, we can take a person out of Excel but not Excel out of a person. It is that intertwined in the life of a finance person. 

  

How about using a CPM platform that lets you work with Excel while...

 

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Principal Consultant

Niki Dedhia

October 22, 2020

The Need for a Common Language in Performance Management

After many years in the corporate world, in various roles as a Group Controller, Software Implementations, and advisory, I must say that very little has changed since I started my...

 

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Managing Director, Sweden

Max Persson

August 14, 2020

Truly Single Platform

To achieve the close coupling of information between the GL, Consolidation, and the Planning, Budgeting and Forecast teams, it’s important to have all of them work on the same platform. There are quite a few EPM / CPM vendors or products...

 

 

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Managing Director, APAC

Darshana Sanghavi

February 25, 2021

The Fall and Rise of Performance Management

Those who have been around long enough might remember that back in the end of the 80s, beginning 90s, the usual way of keeping track of your accounting was to keep the different processes like A/R, A/P, G/L, inventories, and billing in different solutions which are often poorly integrated. It took a long time to reconcile... 

 

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Managing Director, Sweden

Max Persson

January 15, 2021

How to better manage dimensions in OneStream with Bulk Deletions

Dimensions form the framework on which the reporting structure is built. OneStream Cube Dimensions are created based upon the reporting requirements for a client. Dimensions are assigned to cubes and are the framework that define a subsection of data.

 

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Business Analyst

Sarika Patil

October 28, 2020

Spreadsheet Hell:

The Consolidation, Close and Reporting Conundrum -

Part 2

Consolidation today is no longer the aggregation of financials of two or more companies in the group. For many organizations, consolidation of financial statements has assumed complexities of immense proportions.

 

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Managing Director, APAC

Darshana Sanghavi

October 9, 2020

Extensible Dimensionality – The Secret Sauce For A Unified CPM Approach

Typically, organizations have a planning solution and a consolidation solution. There are two separate applications for each of these business use cases. Why do they have two applications?

 

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Managing Director, APAC

Darshana Sanghavi

August 7, 2020

Hail, the Power of the Trident!

Previously, we took a closer look on how risk assessment and risk management can be of focus through the balance sheet integrity approach. To successfully achieve this, the different finance teams must be able to share relevant data with...

 

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Managing Director, APAC

Darshana Sanghavi