OneStream MarketPlace Solutions

OneStream MarketPlace Solutions: Application Control Manager

OneStream is a powerful financial platform to help any business streamline their consolidation, planning, reporting, data quality, and financial signaling. To further expand on these areas, OneStream MarketPlace Solutions were developed. The OneStream MarketPlace has more than 50 pre-configured solutions to help, including productivity solutions, planning and analysis solutions, and financial close solutions. One of these solutions is the application control manager.

Application Control Manager

Application Control Manager is a MarketPlace solution to improve your company’s productivity and efficiency. It enables your finance and FP&A teams to ensure control and governance while seamlessly managing end-user change requests.

While application changes are often necessary, it is essential that you maintain the appropriate level of control and governance while they are implemented – and this tool is designed to empower your team to do just that.

Metadata Integration

With OneStream’s Application Control Manager, you can fully automate your metadata integration. This can be accomplished by integrating data from source systems or Master Data Management (MDM) tools and committing it to the OneStream application.

First, the tool determines the differences between existing OneStream metadata and the source data. Then a clear audit trail of the unique difference is created so that there is documentation for the changes. Finally, the differences are automatically added to a change request routed through the necessary workflow steps.

The Application Control Manager not only automates metadata integration but also creates a traceable process that ensures you can audit changes and maintain controls.

Governance and Management of Metadata

In addition to creating an automated but auditable process, OneStream’s Application Control Manager makes it simple for end-users to ask for changes to be made to the application. This includes adding or changing cost centers, accounts, and other dimensions that may change as your business evolves.

This MarketPlace solution can route these requests through essential workflow approvals, including enrichment. Every change and approval is logged and tracked, and the metadata changes will automatically commit to your OneStream application upon final approval.

The notification system will alert relevant team members from start to finish, minimizing delays and solidifying the clear audit trail.

Requests for Security Access

OneStream’s Application Control Manager is a solution that allows end users to request security access. The tool makes it easy for users to ask for the access they need, such as mirroring the permissions of another user on their team.

After the request is initiated, it will route through the necessary workflow steps and notify management approvers along the way. Once the final approval is granted, the Application Control Manager will commit the updated security changes directly into the OneStream platform.

Summary

The Application Control Manager is one of the many tools found on the OneStream MarketPlace. It is a solution specifically designed to manage and support user change requests while maintaining the necessary controls and giving teams a clear picture of their governance efforts.

Metadata can automatically be integrated into the OneStream application with this tool, and teams can set up workflows and approval systems for change requests. In other words, you can manage everything related to application changes right within the OneStream system.

As a result, the Application Control Manager can help your organization ensure the integrity of forecasts and financial results and minimize audit deviations around security controls and metadata.

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