Ventana Research is sharing insights about OneStream Software, drawn from our latest Value Index research, which assesses how well vendors’ offerings meet buyers’ requirements. The 2022 Ventana Research Value Index: Business Planning is a distillation of a year of market and product research efforts.
In all of our Value Indexes, we utilize a structured research methodology that includes evaluation categories designed to reflect real-world criteria incorporated in a request for proposal and vendor selection process for business planning. We evaluated OneStream and 13 other vendors in seven categories, five relevant to the product (Adaptability, Capability, Manageability, Reliability and Usability) and two related to the vendor (Total Cost of Ownership/Return on Investment and Vendor Validation). To arrive at the Value Index rating for a given vendor, we weighted each category to reflect its relative importance in an RFP process, with the weightings based on our expertise and research.
OneStream Software provides a financial performance management offering with a unified platform and the ability to extend it through the OneStream solution marketplace. A cloud application, OneStream is designed to support the requirements of midsized to large organizations by aligning operational and financial plans with complex and detailed modeling capabilities. OneStream’s Analytic Blend can assemble a wide spectrum of data from financial and operational data sources without latency for analysis, alerting and reporting. In doing so, it can enable finance departments to provide action-oriented insights to executives and managers.
OneStream was categorized as an Exemplary Vendor, ranking sixth overall in this Value Index evaluation. It ranked fifth in Product Experience, where it was designated as a Value Index Leader in Adaptability and Reliability. It ranked sixth in Customer Experience, and ranked best in Validation. OneStream’s overall performance was impacted by its lower ranking in Usability, Capability and TCO/ROI that represent 50% of the weighting in the overall Value Index.
Our assessment finds that OneStream could perform better in Usability, where it placed eighth, by improving accessibility to provide a simpler user experience for planning. In TCO/ROI, where it ranked 11th, it could provide more information related to how it supports planning beyond finance, and ensure more clarity in establishing a business case for investment. This assessment was based on OneStream Software’s product available in September of 2021.
As a result of the rapidly changing business landscape since 2020, and the need to quickly – and intelligently – change business plans and budgets to be agile and build resiliency, many organizations have decided to adopt dedicated software to support a planning approach that offers speed and flexibility. Transforming how organizations plan and budget has become a top-of-mind issue for chief financial officers and CEOs. Our Value Index can help organizations make better informed decisions on software that is best suited to business needs.
This research-based index is the most comprehensive assessment of the value of business planning software in the industry. Technology buyers can learn more about how to use our Value Index by clicking here, and included vendors that wish to learn more can click here. Read the report here.