OneStream Software Recognized as a Leader in 2023 Gartner® Magic Quadrant™ for Financial Close and Consolidation Solutions
Ability to Execute and Completeness of Vision position OneStream in the Leaders Quadrant
BIRMINGHAM, Mich.–(BUSINESS WIRE)–OneStream Software, a leader in corporate performance management (CPM) solutions for advancing financial close, consolidation, reporting, planning and forecasting, has again been recognized as a Leader in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions1. Gartner evaluated 14 financial close and consolidation solution providers based on their Ability to Execute and Completeness of Vision and placed OneStream in the Leaders Quadrant.
“We are proud to be recognized as a Leader in the Gartner Magic Quadrant for Financial Close and Consolidation Solutions. We believe this placement as a Leader is validation of our advanced financial close, consolidation and reporting capabilities, powerful financial data management and quality and our ability to address the requirements of the world’s largest global enterprises,” said Tom Shea, CEO at OneStream. “OneStream’s unified, extensible platform empowers Finance leaders to quickly adapt to new requirements, while delivering timely and accurate results to internal and external stakeholders to enable more confident decisions.”
This news follows OneStream’s recent 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.
Nisha Bhandare, Vice President Analyst; Permjeet Gale, Senior Director Analyst; Jeffrin Francis, Director; and Renata Viana, Director Analyst, wrote in the Magic Quadrant for Financial Close and Consolidation Solutions, “The FCCS market enables controllership teams to manage and execute their group close, consolidation and reporting processes within a centralized application. It helps controllers and their teams streamline entity closing processes, achieve faster group close times, reduce redundancy and errors in the consolidation process, and generate compliant financial statements for external and management reporting.”
For More Information
- Download a complimentary copy of the 2023 Gartner Magic Quadrant for Financial Close and Consolidation Solutions on the OneStream website.
- Read the blog, “OneStream Named a Leader in Financial Close and Consolidation by Gartner”.
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About OneStream Software
OneStream provides an intelligent finance platform built to enable confident decision-making and maximize business impact. OneStream unleashes organizational value by unifying data management, financial close and consolidation, planning, reporting, analytics and machine learning. We empower Finance and Operations teams with AI-enabled insights to make faster and more intelligent decisions every single day. All in a single, modern CPM platform designed to continually evolve and scale with your organization.
OneStream is an independent software company backed by private equity investors KKR, Tidemark, Partners Fund Capital and Alkeon Capital Management. With over 1300 customers, more than 230 implementation partners and roughly 1300 employees our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.
1 Sources: Gartner Magic Quadrant for Financial Close and Consolidation Solutions, Nisha Bhandare, Permjeet Gale, Jeffrin Francis, Renata Viana, 27 November 2023
Contacts
LeeAnn Coviello
PAN Communications
onestream@pancomm.com