CFOs are being asked to do more than report on the past and need the technology and skills to strategically guide the business, so OneStream is working to pioneer the digitalization of core finance. OneStream recently announced a series of new development that include AI Anomaly Detection and OneStream Navigation Center that build on its Sensible AI Portfolio and core finance innovations.
AI Built for Finance Professionals
The OneStream Sensible AI portfolio is a set of packaged AI solutions that address pertinent needs of Finance leaders. They include Sensible ML, Sensible GenAI and Sensible AI Library forecasting and scenario planning.
OneStream AI Capabilities
OneStream AI-Powered Anomaly Detection capability is part of the OneStream Sensible AI Library, the AI Anomaly Detection capability is a pre-packaged AI method that helps Finance leaders detect anomalies for data cleansing and reporting. By scanning thousands of transactions to detect unusual patterns or outliers, AI Anomaly Detection can uncover unexpected or duplicate entries, enabling Finance teams to quickly investigate and correct issues before the final close. This capability is currently of limited availability.
OneStream Sensible Machine Learning (ML) Scenario Modeling capability builds on the initial OneStream Sensible ML solution and creates real-time, AI-driven “what-if” forecasting scenarios using a company’s own enterprise information across operational and financial workstreams. Finance teams can isolate key business drivers, such as changes in interest rates, inflation, gas prices, new product introductions and plant shutdowns, and validate the scenarios and test their impact across forecasting, operational planning, workforce planning, sales planning and other areas.
Digitize Finance & Accounting
A series of new innovations to digitize core finance functions that make it easier for Finance leaders to deploy, report, and consume financial reporting.
OneStream Navigation Center
This streamlines access to reports and bookmarks critical audit and narrative docs. This solution enables Finance leaders to easily organize, tag and bookmark frequently used documents, audit reports, and set due dates for key tasks such as report reviews, deadlines and submissions. Users can also set due dates to ensure they are reviewed and ready for handover to auditors.
Microsoft Excel Enhancements
Now it is easier than ever to copy, modify and analyze powerful data from OneStream with the commonly used tools in Microsoft’s Excel environment.
Expanded Solution Exchange to Support Tax Pillar 2
To support the evolving needs of global organizations, the OneStream Solution Exchange has expanded its capabilities and solutions, welcoming its 100th solution at Splash EMEA. Solutions now include BDO/ Inlumi and AMCO partnership to support Pillar 2 tax criteria. From account reconciliations, workforce planning, and transaction matching to AI-powered solutions, such as Sensible Machine Learning and InfinitySPM Sales Performance Management, the Solution Exchange extends the utility of the OneStream Platform to meet current business needs while also adapting to future requirements.