OneStream XF SmartCPM - one unified solution vs Oracle Hyperion
OneStream was founded by the inventors of FDM (formerly Upstream) and Hyperion Financial Management (HFM) , which are two of the most widely used Corporate Performance Management solutions currently used in the marketplace. Hyperion Financial Management (HFM) has been an industry leader for almost two decades, however, Oracle has lessened their focus on this legacy solution while announcing a collection of new products.
OneStream XF is a single, unified Corporate Performance Management software platform for financial consolidation , planning and analytics, which enables your business to be agile and adaptable to change while reducing your total cost of ownership. To accomplish the same results with Hyperion, you'd require multiple products within the Hyperion Suite
A key difference is that OneStream is one unified solution eliminating the need to install, build, learn, integrate and maintain multiple products or applications. The key to this is the use of Extensible Metadata, that lets you specify the dimensions being used for each business process. This enables you to keep your data in one repository, ensuring ONE version of the truth.
Key Benefits of OneStream:
- Powerful Financial Consolidation and Reporting unified with Budgeting, Forecasting, Planning and Data Quality Management
- Simplified softare installations and upgrades, dramatically loweings Total Cost of Ownership (TCO)
- No additional Finance or IT staff required to own and maintain software
- Extensible Platform to collect anything including Profitability and Cost, Daily/Weekly key Sales Data, Account Reconciliations, Workforce Planning,Debt Schedules, etc.
- Guided Workflows delivering a turn-key solution for different end-user groups
- Complete process transparency and audit trails for compliance with drill back into source ERP and Sub Systems
- You can deploy the solution On-Premise or in the Cloud, or move it back and forth. No more having to choose between the two!
OneStream XF Extensible Platform can easily accommodate additional solutions such as Account Reconciliations, Tax, Close Management, Workforce Planning, Profitability and Cost Analysis and more with no additional software, modules or applications to buy or install, integrate, deploy and learn. This will dramatically reduce the effort of deploying additional solutions. OneStream XF's revolutionary Extensible Dimensionality delivers operational independence to business units while respecting strict corporate controls in one unified application.
When migrating to OneStream's extensible platform for corporate performance management, you can leverage your existing Oracle Hyperion investment.
- Oracle Hyperion Enterprise assists in automating the process of converting Enterprise metadata and data into OneStream XF .
- Oracle Hyperion Financial Data Quality Management supports the conversion of FDM maps and file parsing information.
- Oracle Hyperion Financial Management assists with reading HFM's standard XML files to quickly migrate your older model to a more modern OneStream XF model.
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.
MindStream Analytics is a full-service OneStream partner implementer focused on corporate performance management (CPM) solutions. The team at MindStream has years of experience delivering innovative solutions to maximize and provide efficiency to an organizations strategic, operational and financial management processes.
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 is a leading consulting firm focused on helping clients improve business understanding and decision making. With years of experience in the analytics and Business Performance Management area, MindStream offers services ranging from software selection and implementation to best practices for financial planning.
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
Acme Brick turned to MindStream Analytics for help implementing OneStream to replace their outdated TM1 solution.
Alterra
Alterra sought the expertise of MindStream to address the challenges they faced in their Capital Planning process.
ATCO Group
Energy conglomerate ATCO operates worldwide in utilities, power generation, and related services.
Avalon
Working with MindStream Analytics, Avalon Healthcare Solutions adopts NetSuite Planning and Budgeting to accelerate budgeting and forecasting processes.
Bayer Health Care
Bayer Healthcare implemented Hyperion Planning and Workforce Planning in 10 weeks to dramatically streamline their Income Statement budget and Workforce Planning process..
BluEarth
MindStream Analytics' partnership with BluEarth Renewables epitomizes the power of technology and collaboration.
Celgene
An Oracle Hyperion Planning Upgrade provides multi-national organization Hyperion Application optimization and stabilization.
Cleaver Brooks
OneStream XF was chosen as the platform that would transform Cleaver-Brooks' Finance processes.
CoorsTek
The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes.
Elite Body Sculpture
MindStream Analytics' collaboration with Elite Body Sculpture encapsulates the transformative potential of targeted tech solutions in streamlining administrative processes.
Enlyte
Enlyte, a merger of Mitchell, Genex, and Coventry, faced challenges with disparate financial solutions and the need for combined reporting.
Flanders
MindStream Analytics collaborated with Flanders to implement OneStream Consolidation and Reporting solution.
Foley Products
Foley Products was facing a significant challenge with its Excel-based actual management reporting system.
Harte Hanks
The collaboration between MindStream Analytics and Harte Hanks culminated in a highly customized, user-friendly NetSuite implementation.
Interface
Interface used a complex, manual, excel-based FP&A process for monthly review, and the summary data was loaded in OneStream.
Kymera International
Thanks to Mindstream Analytics' assistance, Kymera was able to load all of their data into OneStream and validate it successfully.
MacLean Fogg
MacLean-Fogg partnered with MindStream, a leading implementor specializing in modernizing and optimizing enterprise systems.
MEPPI
MindStream's expertise and experience were sought to conduct a vendor selection initiative focusing on MEPPI's F2023 planning process.
OUAI
MindStream Analytics and OUAI's collaboration showcases the transformative power of strategic technological intervention.
Plaskolite
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
Redwire
Understanding the nuances of Redwire's challenges, MindStream Analytics devised a holistic approach to overcome them. The implementation of NetSuite was just the beginning.
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
The successful transition to OneStream revolutionized Source Code's financial reporting.
Subway
Subway collaborated with MindStream Analytics for the NetSuite Analytics Warehouse implementation.
UPenn
MindStream Consulting and AppCare team members are proud be working side by side with UPenn university in accomplishing this implementation and along with continuing our AppCare services after go-live.
USG
USG was an Oracle Hyperion customer realizing that it needed more specialized support for its various Oracle Hyperion applications.
Vantiv
Dividing a hyperion planning application, expanding the hyperion footprint to forecast on the business? Customer categories.
Versant Health
Versant Health engaged MindStream to help resolve the challenges they were experiencing with their consolidation, close, and financial reporting processes.
Virginia Spaceport Authority
The MindStream team implemented the Standard + Workforce NetSuite Planning & Budgeting.
WeWork
MindStream Analytics determined that the best solution was to implement Oracle Essbase Cloud as part of the Oracle Analytics Cloud (OAC) platform-as-a-service
WindStream
Innovative use of essbase to streamline and connect hyperion financial management for enhanced financial analysis.
XY Planning
MindStream Analytics, well-versed in addressing such challenges, presented a comprehensive Netsuite solution for XY Planning.