OneStream Capital Planning
OneStream MarketPlace Solutions: Capital Planning
OneStream is a powerful financial platform to help businesses 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.
Capital Planning
Capital Planning is a MarketPlace solution to assist with your company’s financial planning. The solution builds on your OneStream application to quickly develop driver-based Fixed Asset planning schedules. All aspects of your company’s capital asset plans and their impacts across the Balance Sheet, Income Statement, and Cash Flow can all be maintained and tracked within this solution. The solution helps managers identify the balance of the asset with its respective depreciation balance and allocate the related depreciation and other expenses across the appropriate periods.
Management Benefits
Managers will have greater control over their fixed assets. The capital asset plan can be managed at the department level, providing more detail to the financial plan and providing control and responsibility to the individual department managers. This creates a more reliable and effective financial plan. The Capital Planning solution has pre-built global drivers designed by specific asset class levels to provide standardization between the various managers. Managers can add drivers designed to meet their departments’ needs to their plan. The solution also provides a space for managers to collaborate, provide more insight into their plan, and assist others with it. The added reports and dashboards with visual aids assist the management in building their plan while being able to add feedback to the FP&A team.
Since the capital asset plan can be driven from the bottom up with this OneStream MarketPlace solution, the Financial Planning team can focus more on the plan at a higher level and the impacts on the company. The solution allows teams to connect with other ERP solutions to import existing asset and depreciation schedules with your OneStream application. Teams can plan for new assets and projects while dynamically calculating the expected accumulated depreciation, maintenance, and insurance expense by their individual asset class.
The capital planning solution is a powerful tool to add to your OneStream environment, from the high-level plan with executives to the granular detail and involvement of the department and line-level management. Line managers can collaborate with upper management to provide greater insight into the operations. Executives can drill down to the granular detail driving their financial plan. As products and projects move along their timeline, the solution provides management details into the construction in progress and items moving into finished goods within their internal operations.
Summary
The OneStream MarketPlace solution for Capital Planning provides a higher quality financial plan within your OneStream application. The solution can be combined with other MarketPlace solutions, including Sales Planning and Cash Planning to get the most from your OneStream application. Capital Planning allows companies to easily add granular level detail to their financial plan, increasing the plan’s quality and reducing the planning risk involved with high-level estimates. The solution gives more control and responsibility to department managers while upper management can receive the input they need to make more meaningful decisions.
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Partner SpotLight
OneStream CPM
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.