CPM software provider recognized as a Leader for sixth consecutive year
OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, today announced it was recognized as a leader in the 2023 Nucleus Research CPM Technology Value Matrix. The report states that demand for CPM solutions remains high as organizations seek to enhance their planning and forecasting capabilities amid rapidly changing external market factors and greater pressure to run lean finance teams.
The annual CPM Technology Value Matrix evaluates vendors based on usability, functionality, and value to the users, placing vendors in four categories: Leaders, Experts, Facilitators and Core Providers.
“OneStream is recognized as a Leader in the 2023 CPM Technology Value Matrix for its comprehensive CPM platform, delivering capabilities for financial close and consolidation (FCC), budgeting, forecasting, reporting and analytics. It also includes built-in capabilities for data integration and validation, workflow automation data visualization, as well as operational analytics and reporting to extend customer value and decision analysis capabilities,” said Isaac Gould, Research Manager at Nucleus Research. “This unified approach enables customers to replace multiple legacy applications and cloud point solutions so finance teams spend less time managing data and systems and more time performing value-added analysis supporting decision making.”
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“Our continued recognition as a Leader in the CPM Value Matrix is a testament to the capabilities we provide and the value users gain from OneStream’s unified platform,” said Tom Shea, CEO at OneStream. “By streamlining complex financial processes and unifying financial and operational data through one platform, users are able to turn data into actionable insights and spend more time on value-added activities and analysis. In today’s rapidly changing economy, business leaders need near real-time insights to support agile decision making at the speed of business. We are investing to expand the capabilities of our platform and deliver new solutions that will continue to provide exponential value to our customers.”
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The Nucleus Research CPM Value Matrix positions vendors in their respective market areas and arms organizations with a comprehensive framework for selecting a suitable solution. In addition to the vendor analysis, Nucleus Research identified several trends emerging across the industry, including:
- CPM vendors are focusing development on analytics, either developing or embedding these capabilities within their platforms so users can build dashboards and visualize information without data scientists or requesting IT for specific configurations.
- Artificial Intelligence (AI) and Machine Learning (ML) enabled modeling continues to be a development priority for vendors as users have realized increased forecast accuracy and automation benefits.
- ESG planning modules and report templates are beginning to be introduced within solutions. ESG functionality is expected to be common stakes within the CPM market moving forward.