OneStream Software, a leader in corporate performance management (CPM) solutions for advancing financial close, consolidation, reporting, planning and forecasting, has been recognized for the second consecutive year as a Leader in the Gartner Magic Quadrant for Financial Planning Software. Gartner evaluated 16 financial planning software providers based on their Ability to Execute and Completeness of Vision and placed OneStream in the Leaders Quadrant.
“We are honored to be recognized as a Leader in the Gartner Magic Quadrant for Financial Planning Software for the second consecutive year. We believe this recognition, on the heels of our Leader position for Financial Close and Consolidation, underscores our continued momentum in the market and the value that OneStream’s unified platform delivers to customers, enabling agile financial and operational planning and reporting processes,” said Tom Shea, CEO at OneStream.
“The recognition OneStream has garnered from customers for our Sensible Machine Learning solution from our perspective is great validation of our innovative approach, and we continue to invest in our platform with expanded AI and ML capabilities to help Finance leaders steer the business, accurately predict future performance and enable more confident decisions.”
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This news follows OneStream’s recent recognition as a Leader in the 2023 Gartner Magic Quadrant for Financial Close and Consolidation Solutions as the company continues its 2023 momentum. OneStream recently reported over $400M in Annual Recurring Revenue (ARR), up nearly 40% year-over-year, in the third quarter and expanded its customer base to over 1,300 customers globally.
Regina Crowder, Matthew Mowrey and Vaughan Archer, Senior Director Analysts, wrote in the Magic Quadrant for Financial Planning Software, “Organizations use financial planning software to improve their financial planning and decision-making processes. These solutions streamline planning, budgeting and forecasting processes by providing visibility to planning data, consistent application of logic and planning process governance. When implemented in support of sound processes, financial planning software gives organizations reliable outputs to make better informed decisions. This results in improved end-to-end financial planning processes, including aligning strategic priorities with resource allocation to drive improved business outcomes.”
SOURCE : BusinessWire