OneStream vs SAP BPC
The OneStream XF SmartCPM platform (XF = extensible finance) unifies and simplifies financial consolidation, planning, reporting, analytics, and financial data. Deployed on the cloud or on-premise, OneStream provides customers with a choice regarding their deployment model, i.e., deploy in the cloud today or deploy the platform on-premise, then migrate to the cloud when ready.
OneStream is a proven alternative to legacy CPM (corporate performance management) applications. Hundreds of organizations have made the decision to replace SAP BPC and other legacy applications with OneStream XF .
OneStream Offering - benefits to customers who have implemented OneStream's platform include:
Reduces time, effort, and cost of maintaining legacy applications
- Reduces costs of ownership and upgrades, reduces risks and integration points across systems
- Shifts finance staff time from admin to value-added analysis
Streamlines/simplifies financial close, consolidation, and reporting
- Collects, validates and integrates data from financial and operational systems, enables drill-through to transactional details
- Automates manual steps in the financial close/consolidation process
- Supports complex global consolidation and reporting requirements
Improves agility in budgeting, planning. and forecasting
- Aligns with financial close and actual reporting
- Links corporate plans and forecasts to more detailed operating plans
- More agile planning, such as rolling forecasts and driver-based plans
Accelerates delivery of new applications and business insights
- Extensibility supports the rapid creation of new solutions
- OneStream's XF MarketPlace enables deployment of new applications quickly and enables rapid update with new features
SAP Offering
Based on several acquisitions, SAP is currently offering the following CPM solutions:
- Consolidation: SAP BusinessObjects Financial Consolidation
- Reporting/Disclosures: SAP BusinessObjects Disclosure Management
- Planning: SAP Business Planning & Consolidation (BPC)
There are four different versions of SAP BPC are available:
- BPC 10 Microsoft
- BPC 10.1 NetWeaver (Standard & Embedded)
- BPC 10.1 Optimized for S/4HANA
- BPC 11 for BW/4HANA (Standard & Embedded)
In addition, SAP has recently introduced:
- SAP Analytics Cloud (SAC) - a newer planning and analytics cloud offering
- SAP Group Reporting - a rebuilt version of its 2002 BCS consolidation and reporting product for S/4 HANA.
SAP Group Reporting and Analytics Cloud for Planning require that customers move to S/4 HANA Cloud for their ERP. SAP Analytics Cloud is not as mature as SAP BPC, so SAP proposes a "hybrid" strategy during the transition (on-premise BPC customers use the existing BPC product in conjunction with Analytics Cloud, until the functionality matures to the same level as BPC.)
SAP will be dropping support for its legacy on-premise BPC solutions over the next 5 years and will encourage customers to migrate to new CPM solutions that, while built on the SAP HANA platform, are still fragmented in nature.
What are the alternatives for SAP BPC customers or those using other legacy CPM applications?
- Stay with your current products (no innovation and declining/expiring support.)
- Migrate to new SAP CPM solutions (implementation to immature/fragmented solutions that may deliver less functionality than current solutions.)
- Move to an alternative CPM platform that integrates well into an SAP environment and provides a clear strategy for the future.
MindStream Offering
MindStream Analytics, a OneStream Platinum partner , offers years of experience in the Analytics and Corporate Performance Management area. MindStream offers services ranging from software selection and implementation, to cloud readiness assessments and managed services with our award-winning AppCare solution. With our leadership and team of functional and technical experts, we are dedicated to helping our clients of various sizes and industries improve their financial planning, reporting, data management, and business analytics.
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.
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.