OneStream is a financial planning and accounting system that provides CFOs, controllers, and finance teams with an integrated platform for financial consolidation, budgeting, forecasting, and reporting.
It helps manage financial planning processes in one place without switching between multiple platforms.
OneStream offers a blend of planning, analytics, workflow, and close management capabilities.
While OneStream is a good tool for financial consolidation, some customer reviews cite issues with:
Although pricing information is not publicly available, anecdotal sources estimate that OneStream’s base plan costs $150,000.
If you’re a current OneStream user looking for an alternative–or are conducting thorough FP&A software research–here are some of the best alternatives to OneStream:
Cube is the first spreadsheet-native financial planning and analysis platform for businesses of all sizes. Report, analyze, plan, and collaborate across teams and platforms---Cube connects with all of your source systems (including your general ledger (GL), HRIS, and ERP).
Cube works on both Excel and Google Sheets, so you can work where you're most comfortable.
Cube also provides specialized features for robust financial analysis like formula-based calculations, advanced forecasting models, dynamic charts and graphs, cash management, intercompany accounting, and custom report templates.
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IBM Planning Analytics is a business intelligence and performance management platform that provides analytics, budgeting, forecasting, and financial reporting capabilities. It’s built on the IBM Cognos Analytics platform to help organizations improve their financial and operational planning processes.
The pricing for IBM Planning Analytics is based on the number of users and the type of license required. Plans include:
Oracle Cloud EPM is a cloud-based platform that provides real-time data and analytics for financial processes, including planning, budgeting, forecasting, and reporting. Oracle Cloud EPM offers an intuitive interface that enables non-technical users to navigate and manage their data.
Users can access all the features and tools of the platform from any device with internet access.
Oracle Cloud EPM is based on the custom needs of the user and varies by unit price. However, sources say the tool costs between $250 to $500.
Prophix is a financial management software that facilitates financial consolidation, budgeting, analysis, planning, and reporting. The software offers a spreadsheet-style interface for analyzing financial data and organizing information.
The software allows for easier cash flow management, balance sheets, and income statements, and offers data analysis tools. Prophix also offers forecasting options, what-if analysis, and modules for saving personnel records, such as salary, medical expenses, and tax calculations.
Prophix software kept their pricing information private, but sources say the platform matches the industry average.
BlackLine is accounting and finance software that offers journal entry management, reconciliation automation, account analysis, workflow management, audit trails, cash flow forecasting, and reporting.
Users can identify errors with analytical capabilities such as data visualization tools, predictive analytics, and close automation. In addition, the software ensures compliance with internal auditing standards by providing an audit trail for transactions.
BlackLine offers three plans but does not list pricing information. Sources say their prices are 26% to 42% more expensive than the average product in the market.
Vena Solutions automates various business processes, including budgeting, forecasting, cash flow planning, financial close, and incentive compensation. It offers enterprise-level scalability and can be integrated with cloud and on-premise systems.
The software features a web-based interface and collaborative workspace documentation sharing.
Vena Solutions is best for mid-market and small businesses.
Vena keeps its pricing data private, but sources say the product is more expensive than the industry average.
Anaplan is a financial software solution based on its proprietary HyperBlock technology that allows organizations to work on large models.
Anaplan serves as a collaboration hub for cross-functional planning for teams. It also provides multi-dimensional planning, real-time modeling and calculation, and application cataloging features.
Anaplan’s pricing suite has three levels: Basic, Professional, and Enterprise. While exact prices aren’t listed on their website, sources put the figures between $30,000 and $50,000.
Workday Adaptive Planning is a financial software solution developed by Workday Inc. that provides a unified platform for financial forecasting, budgeting, reporting, and analysis.
Workday Adaptive Planning does not provide pricing information on its website, but various sources estimate that pricing starts at $15,000, depending on the organization's size.
Planful, formerly Host Analytics, is a cloud-based financial modeling solution to streamline business-wide planning, budgeting, consolidation, reporting, and visualization.
CFOs use the platform for financial close, consolidation, and financial planning and analysis processes.
Planful does not publicly disclose its pricing but sources say this tool costs far more than the market average.
Workiva offers a cloud-based platform for data management, collaboration, and compliance. Workiva’s flagship product, Wdesk, allows users to easily create, edit, and share documents, spreadsheets, and presentations. It also provides tools for data integration, workflow management, and compliance reporting.
Wdesk is widely used in finance, accounting, and healthcare for financial reporting, regulatory compliance, and general business process management.
Workiva’s pricing plan is available on request. However, sources say that it costs more than the market average.
Board is a financial planning solution that provides insights into a company’s financial operations for strategic decision-making. The platform enables finance and operations departments to collaborate, plan, and execute strategies throughout the organization.
Companies can analyze different datasets, create KPIs, and broadcast reports to others. Board can also be used for operational, sales, logistics, customer service, and environmental applications.
Board does not publicly list its pricing information, but sources report that it is less expensive than the industry average.
And those are our top alternatives to OneStream.
Cube is an excellent OneStream alternative that offers powerful analytics to help you focus on what matters most when making the right financial decisions.
(Bonus: we have some of the most satisfied customers on the market.)
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