OneStream MarketPlace Solutions: Thing Planning
OneStream is a powerful financial platform developed to help companies streamline their consolidation, planning, reporting, data quality, and financial signaling. To further expand on these areas, the 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.
Thing Planning
Thing Planning is a MarketPlace solution that OneStream created to assist with all your company's financial planning. Specifically, it is a free-form modeling tool that allows you to plan at specific driver levels. This granular planning is highly flexible but still dynamically aligns with your other financial models.
There are many business cases for the Thing Planning solution, including project planning, unconstrained demand forecasting, product line planning, and sales and operational analysis. Since the module is built to allow you to forecast business drivers across your organization, it is the perfect solution to fill in the gaps that standard, out-of-the-box tools may not support.
Project Planning
OneStream's Thing Planning solution can be used to model and forecast a specific project's financial aspects. The flexible tool can tie together budgeting, cost management, revenue estimates, billing, and more.
That means management can tie in this granular data to their overall financial plan, improving transparency and auditability. Unconstrained Demand Forecasting
Unconstrained demand forecasting is a powerful tool that allows businesses to determine the highest level of customer demand they can support. In other words, it solves for the total amount of sales the company could make solely based on the market's demand.
Unlike traditional supply-side focused forecasts, these reports can be trickier to develop. They don't consider any of the constraints you would typically incorporate to meet the total forecasted market demand, so you need a flexible tool like OneStream's Thing Planning solution to get the job done. By incorporating this into your financial planning process, Thing Planning can help you prepare to meet that level of demand if needed. Product Line Planning
Thing Planning can also forecast at the product line or SKU level. There are many benefits to planning at this granular level, such as improving work efficiency and reducing risks related to inventory.
Increasing management's understanding of which products drive revenue and costs, as well as what sales volumes to expect, can significantly improve their decision-making capabilities and allow them to adjust as needed strategically.Summary
Thing Planning is a tool offered as part of OneStream's MarketPlace Solutions that is designed to fill in the gaps not covered by other modeling programs. While it is geared towards sales and operational planning, it is extremely flexible and allows the business to choose which drivers to model and forecast.
When you integrate Thing Planning into your financial processes, you can easily align factors like supply and demand to your traditional P&L and balance sheet planning efforts. As such, this solution supports executive decision-making and ensures you adapt your financial plan to be relevant to your industry and business.
Partner SpotLight
OneStream aligns to your business needs and changes more quickly and easily than any other product by offering one platform and one model for all financial CPM solutions. OneStream employs Guided Workflows, validations and flexible mapping to deliver data quality confidence for all collections and analysis while reducing risk throughout the entire auditable financial process.
Our Company
MindStream Analytics' senior staff was there at the birth of Business Intelligence. We have been part of building Business Intelligence nationally from its humble niche product status to the ubiquitous analytic tool that it is today. MindStream consultants are well versed in reporting and information management and are ready to help you leverage the power of multiple tier-1vendors. From Oracle Hyperion to IBM Cognos, we can help you select and integrate the right tools for you to better understand your information. MindStream Analytics has experience across a wide variety of industries: Business Services, Consumer Products, Energy, Financial Services, Healthcare, Manufacturing, Transportation , and Telecommunication. We have the depth and breadth of experience to help you deliver actionable information to users.
Case Studies
Accumen
Thanks to the intervention of MindStream Analytics, Accumen's Finance department can now model their business with a new, more organized structure that isn't conventionally available in NetSuite.
Acme Brick
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Alterra
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ATCO Group
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Avalon
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Bayer Health Care
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BluEarth
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Celgene
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Cleaver Brooks
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CoorsTek
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Elite Body Sculpture
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Flanders
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Harte Hanks
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Interface
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Kymera International
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MacLean Fogg
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MEPPI
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OUAI
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Plaskolite
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Redwire
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Simon
Simon's existing corporate Hyperion Financial Management (HFM) production application was consolidating at a rate of seven hours, a performance issue causing great headache to corporate Accounting.
Source Code
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Subway
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UPenn
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USG
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Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
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Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
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WindStream
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XY Planning
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