OneStream Software, a leader in corporate performance management (CPM) solutions for mid-sized to very large enterprises, announced today it has been positioned in the Leaders Category in the 2020 IDC MarketScape for Cloud Enterprise Performance Management (EPM) Software for Planning, Budgeting, and Forecasting. OneStream is recognized for its comprehensive and configurable platform and XF Marketplace, which offers more than 50 solutions that can be quickly configured and deployed by the company’s rapidly growing customer base to address additional requirements without adding complexity.
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The report highlights OneStream’s significant growth and success in the EPM market with several new large enterprise accounts, which in Q3 alone included the addition of 5 customers each generating over $1M in Annual Recurring Revenue (ARR). According to the report, “OneStream offers a lot of flexibility with deployment options and pricing to suit the needs of customers. The user interface is modern and appealing and allows users to see exactly where they are in their workflow.”
“Enterprise performance management is a critical tool for executive decision making as it allows enterprises to plan and model different scenarios, which is a critical capability in this volatile business environment,” according to Chandana Gopal, Research Director, Analytics and Information Management at IDC. “Modern EPM allows users to plan across business functions and predict the impact of business changes and also allows enterprises to make strategic data-driven decisions.”
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This recognition builds on the impressive momentum OneStream has achieved this year in the face of a global pandemic, including adding 60 new customers in Q3 and achieving 160 percent year-over-year growth in sales for the quarter.
“This recognition as a Leader in the 2020 IDC MarketScape for Cloud EPM Software is further validation of our mission of delivering 100 percent customer success with an extensible platform that unifies and streamlines critical finance processes,” said Tom Shea, CEO of OneStream Software. “In today’s volatile economic environment Finance teams have to find ways be more agile. The fact that our platform was specifically designed to unify many traditional finance processes such as budgeting, planning, financial close, consolidation and reporting as well as deliver the financial and operational insights needed for agile decision making helps our customers lead at speed.”
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