OneStream, the company behind the enterprise-focused financial software, has just recently raised $200M which has now made them valued at $6B. The surge in use of their software has been attributed to their solution which helps companies in consolidation, reporting and budgeting.
This article will explore why their technology is gaining so much traction in the corporate world.
Overview of OneStream
OneStream Software is a privately held company that develops enterprise-focused financial software. Founded in 2011 by CEO Tom Shea, OneStream has become one of the leading financial professional services organizations. OneStream’s platform empowers enterprises with a unified solution for financial planning, predictive analytics and performance management. This end-to-end software solution enables businesses to increase operational efficiency and make informed decisions quickly.
In early 2021, OneStream announced that it has raised $200M in funding and its valuation now stands at $6B—a staggering 600% increase since the software was first released in 2012. This surge in value reflects OneStream’s unwavering focus over the years on partnering up with large enterprises and investing heavily into their products development to provide an end-to-end enterprise finance solution for companies worldwide. With this record level of funding now secured, OneStream can look forward to increasing their market share even further as they develop technology solutions tailored to their clients’ unique needs.
OneStream raises $200M, now valued at $6B
OneStream Software, a provider of enterprise-focused financial software, has raised $200 million in an initial public offering (IPO), valuing the company at over $6 billion. Founded in 2013, OneStream’s software is designed to provide users with a unified and extensible financial plan that offers transparent insights and rich data visualizations.
The IPO marks OneStream’s first venture into the public market, with most of the funding going towards investments in technology and future growth. The capital infusion was met with great enthusiasm by investors and follows OneStream’s recent gains amid the surge of demand for its enterprise-focused financial software. More than 350 customers — including some Fortune 500 companies — use the firm’s sophisticated software platform to manage their complex business processes including budgeting, planning and analytics.
OneStream CEO Tom Shea commented on the news of their IPO: “For us to bring in these kinds of resources is just amazing. The only thing I can say is wow! This round allowed us access to a great amount of capital while also bringing on board top-notch investors who understand our vision of turning finance into a central system for driving business value”.
Now standing at a $6 billion valuation, this influx of cash will enable OneStream to strengthen its current offerings and move forward aggressively into the rapidly growing corporate software space. Moreover, with interest from leading institutional investors such as Farallon Capital Management LLC, Fidelity Management & Research Company LLC and Sands Capital Ventures LLC — it seems clear that investor confidence in OneStream’s XF Cloud™ platform continues to be strong moving forward.
Benefits of OneStream
OneStream has seen a surge in use with its enterprise-focused financial software, raising $200M and now being valued at $6B. This success is a testament to the numerous benefits that the software provides.
This article will look at the various benefits that make OneStream a great financial solution for businesses.
Streamline financial processes
OneStream’s platform enables businesses to streamline their financial processes, allowing them to control expenses, manage cash flow and compliance requirements. In addition, the software provides greater visibility and intelligence into financial data through a unified enterprise solution platform, enabling businesses to better understand their profitability and gain a competitive edge.
The OneStream platform integrates with many external systems such as ERP solutions, bank accounts and other financial applications. Its features allow users to easily manage the consolidation and reporting process across all divisions, streamlining the workflow from data entry through reporting. It also includes analytical features such as creating budgets, understanding validations and controlling account reconciliations for maximum efficiency.
Additionally, users can use drill-down analysis capabilities to explore underlying trends in the data which can be used for budgeting purposes or even decision-making tasks such as evaluating scenarios or strategic planning. OneStream also has an audit trail that enables its users to analyze past actions taken within the system with the ability to view user histories of changes made on certain entries or documents over time. The software gives you the full transparency to share insights with stakeholders while promoting collaboration across departments.
Automate financial reporting
OneStream’s enterprise-focused financial software allows businesses to automate their financial reporting with enhanced accuracy and scalability. By leveraging advanced machine learning and predictive analytics, OneStream helps to reduce or even eliminate manual data entry, streamlining the process of generating reports and providing insights on demand.
This technology allows business to make more informed decisions faster, while freeing up valuable time spent on mundane tasks. With OneStream’s innovative solution, businesses can gain greater control and insight over their finances, increasing efficiency throughout their organization.
Furthermore, the platform is designed to easily integrate with existing enterprise applications for a seamless transition from manual processes to automated systems. With such a wide variety of features, it’s no wonder that OneStream recently raised $200M in Series E funding and has been valued at over $6B following its surge in use.
Increase data accuracy
OneStream’s enterprise-focused financial management software aims to increase data accuracy, visibility and real-time performance across an organization’s financial operations. Its intelligent consolidation capabilities allow finance teams to analyze large financial data quickly and accurately. This improved data accuracy can be leveraged to create more insightful reporting for internal decision-makers and external customers. With OneStream, organizations can significantly reduce the complexity of their transaction flows and maximize the efficiency of their financial processes. In addition, its secure cloud platform ensures comprehensive access from anywhere with secure authentication protocols in place.
In light of its surge in use, OneStream recently raised $200M, contributing to a $6B valuation by investors. The funding will go towards further investments into product innovation and accelerate growth opportunities for the company’s client base globally. Additionally, as users continue to embrace digital transformation efforts, new products will be unveiled with improved integration possibilities among other additional features that aim to drive greater operational efficiency in support of businesses’ success over the long term.
OneStream raises $200M, now valued at $6B after its enterprise-focused financial software sees a surge of use
OneStream announced earlier this week that it has raised $200M, now valuing the company at $6B following a surge of use for its enterprise-focused financial software. This funding round was led by Tiger Global Management, with participation from Sorenson Capital, Bling Capital, and ICONIQ Capital. The company’s total funding to date is now over $425M.
With this newly raised capital, OneStream plans to further invest in its technology and expand its customer base.
Reasons for surge in use
OneStream, a software company providing enterprise-focused financial solutions since 2010, recently raised $200 million in a round of funding, bringing its total valuation to a staggering $6 billion. This success is largely since its software has seen unprecedented use among its customers.
A major factor driving this surge in use is its ability to help customers meet the changing requirements brought on by an increasingly digital landscape. For example, OneStream’s platform enables them to unify disparate processes into one consistent process and provides automated data reconciliation capabilities without manual entries. These features are critical for companies seeking to stay competitive in today’s digitized economy.
Moreover, the speed at which OneStream can deploy new functionality gives it a distinct advantage over traditional enterprise resource planning (ERP) systems, allowing customers to quickly implement new features without delaying or diverting their focus from day-to-day operations. Furthermore, leveraging cloud technology also enables customers to maximize operational efficiency and reduce costs associated with having multiple vendors supplying different types of financial systems and IT infrastructure.
The rise in usage of OneStream’s enterprise-focused financial software goes beyond just its digital capabilities though; users have experienced a marked improvement in problems relating to accuracy and speed due to the automation provided by the platform.
As organizations struggle with tighter cashflow timescales and more stringent data accuracy demands, they can trust that they can get transactions processed quickly while relying on OneStream’s unique synchronization capabilities across applications and sources like Microsoft Dynamics or SAP S/4HANA for improved confidence levels when making decisions about their businesses.
Adoption of OneStream by enterprises
OneStream has seen a dramatic increase in adoption by enterprise customers for its enterprise-focused financial software. The complex and dynamic nature of today’s business environment necessitates robust financial solutions to keep pace with rapid changes. OneStream stands out from the pack by delivering on key features such as scalability, flexible data access, and elasticity.
As a result of this surge in adoption, OneStream has raised an impressive $200M. This capital infusion allows it to continue investing in product innovation to deliver more value to their customers. This latest funding round valued OneStream at close to $6B, reflecting both market appreciation of the company’s agile solutions and validation of its commitment to be a leading provider of innovative unified solutions that combine budgeting, planning and forecasting alongside legal entity consolidation, financial reporting and analytics into one product suite.
The adoption of OneStream is driven largely by desires for scalability, flexibility, and agility—key features delivered by a single unified technology platform that reduce complexity and cost associated with traditional point solutions. The consolidation into one platform now provides visibility across different business units transforming traditional planning systems easier. In addition, it can support multi-dimensional analysis thus further empowering users to quickly analyze their data from any angle, enabling fact-based decisions that improve visibility into enterprise performance, leading to growth opportunities for businesses leveraging this technology platform.
Impact of OneStream
OneStream, a multi-award winning enterprise financial software company, recently raised $200M and is now valued at $6B after seeing a surge in use of its financial software.
With its cloud-based platform and features, OneStream offers a comprehensive solution to financial consolidation and reporting, planning, forecasting, and analytics.
Let’s look at the impact of OneStream’s enterprise-focused financial software.
Improved financial performance
OneStream Software has delivered enterprise-grade financial software to companies across the globe, allowing them to monitor, control and analyze multi-dimensional data. The success of this venture was evident in their impressive fundraising activities in 2021, where they raised $200M in funding and were given an estimated value of $6B.
The surge of use for OneStream’s tech enabled businesses to report faster and make smarter decisions faster. Improved financial performance with the help of dynamic modelling also allowed for greater accuracy when dealing with real time analytics and forecasting for future directions.
Furthermore, it optimized budgeting processes by reducing manual labor with artificial intelligence (AI) and machine learning (ML) capabilities. This ultimately drove greater efficiency in time and resources for many businesses, who credited their newfound success to OneStream’s application.
For those looking for an effective way to manage their finances more efficiently, OneStream has proven itself as the perfect solution. The cloud-based application allows users comprehensive access from anywhere at any time while its intuitive interface makes set up straightforward. As a result, companies all over are experiencing unparalleled business performance due to OneStream’s advanced technology backed by its world-class customer service team that ensures every user is informed and up-to-date regarding their finances anytime needed.
Reduced costs
OneStream’s solutions help organizations reduce costs by providing an integrated platform that helps to streamline processes, automate activities, and provide real-time insights. With a unified system, companies no longer need to purchase separate systems or undergo multiple consolidations — each of these steps can be automated and managed within OneStream.
The system’s scalability compounds the cost savings from reduced operational redundancies and automations. As business needs increase, additional modules can be added onto the platform with minimal effort. This removes the need for costly customization and allows organizations to grow at their own pace. Additionally, cloud-hosted implementation can save significant operational costs due to lower hardware maintenance costs and access to expertise from the vendor’s team.
In summary, OneStream’s solutions offer reduced costs with improved accuracy by reducing operational redundancies and providing up-to-date insight into all aspects of financial performance through an integrated platform. This platform also allows organizations to scale up or down quickly as business needs change without sacrificing quality or access to expertise from the vendor’s team.
Increased efficiency
OneStream’s enterprise-focused financial software has seen a surge in use due to its ability to streamline financial processes and reduce costly manual errors. By unifying the financial consolidation, planning, reporting, and analytics process into a single application, OneStream has helped organizations increase efficiency and productivity.
OneStream provides users with an intuitive platform that is easy to configure without additional IT resources. The OneStream platform eliminates unnecessary manual steps in the planning, consolidations, close and reporting process. It provides users with an intuitive experience that can easily be adapted to meet their organization’s current and future needs. In addition to increased efficiency, organizations can benefit from real-time visibility into dynamic data, allowing users to make more informed business decisions faster.
OneStream’s focus on streamlining processes has allowed organizations of all sizes take control of their financial operations with confidence. The success of the software is evident in its recent fundraising round which saw $200 million in new investment that valued OneStream at $6 billion after seeing a surge in use. With the financial industry rapidly transforming, OneStream looks poised to continue helping businesses navigate the complexities of finance while improving user productivity and accuracy.
Conclusion
OneStream’s enterprise-focused financial software has seen a surge of use and has been highly valued. With OneStream raising $200M, it is now valued at $6B. This shows that businesses are recognizing the importance of using enterprise-focused financial software to streamline operations, increase efficiency, and provide improved data accuracy and control.
This article will provide an overall conclusion of the benefits of OneStream’s enterprise-focused financial software.
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