New capabilities for developers to speed AI
solution development and adoption with purpose-built AI solutions
to automate core financial workflows and pave the way for
'touchless' planning and forecasting
- Sensible AI Library accelerates development of purpose-built
AI with drag-and-drop features
- Genesis allows business teams to configure and visualize a
wide range of data with an easy to use, low code framework
- Customers like Polaris and Stake Center Locating are using
Sensible AI to automate planning and forecasting
BIRMINGHAM, Mich., Nov. 12,
2024 /PRNewswire/ -- OneStream (NASDAQ: OS), the
leading enterprise Finance management platform that modernizes the
Office of the CFO by unifying core finance and operational
functions – including financial close, consolidation, reporting,
planning and forecasting, today announced at the OneStream Wave
Developer Conference the preview of OneStream Sensible AI Library
and OneStream Genesis to the developer community. The launch of
these capabilities enables developers to accelerate the development
and integration of AI capabilities into tailored solutions for
OneStream customers.
"Increasing business pressures are forcing business leaders to
look to Finance to help them navigate change and drive growth,"
said Tom Shea, CEO at OneStream.
"Today's CFO must analyze complex data to help them look around the
corners and drive strategic decision making. Sensible AI Library
and Genesis will transform the way the Office of Finance approaches
planning and forecasting by putting sophisticated and rapid data
analysis into the hands of senior finance leaders and their
teams."
OneStream Sensible AI Library Unlocks Strategic Decision
Making with Pre-Built AI Models
The OneStream Sensible AI Library offers pre-built AI models
designed for end users to seamlessly consume and interact with data
across core financial planning and forecasting, close and
consolidations, and reporting and analytic workflows. With Sensible
AI Library, developers can create, test, and deploy AI routines in
a fraction of time for standard development.
By leveraging templated micro user interfaces (UIs), developers
and implementers can quickly create a flexible and tailored
analysis of complex information, based on the specific needs of
Finance leaders, using a plug-and-play approach, without the need
for complex coding. Critical use cases for Sensible AI Library
include:
- Data Quality and Integrity: Detect and resolve data
quality issues before they affect downstream financial and
operational processes. Empower your finance and operational teams
to uncover potential data inconsistencies and inaccuracies,
ensuring that decisions are based on reliable, accurate
information.
- Anomaly Detection and Fraud Prevention: Improve internal
controls and identify unusual patterns in financial data to protect
against errors or fraud.
- Expense Optimization: Analyze spending patterns to
identify unnecessary expenses or suggest more cost-effective
suppliers to help CFOs find opportunities to reduce costs.
- Segmentation Analysis: Identify key patterns within
financial data to support optimal resource allocation. By
segmenting data into distinct clusters, finance teams can gain
insights into profitability drivers, optimize budgeting, and align
resources to meet the unique needs of each segment
effectively.
Accelerating Tailored User Experiences to Maximize Business
Impact with OneStream Genesis
OneStream Genesis is a low code framework that makes it faster
and easier to build, deploy and adopt new solutions for business
challenges. With OneStream Genesis, customers can access and deploy
pre-defined templates for:
- Financial Planning and Reporting: Finance teams can
quickly and easily deploy packages of highly personalized design
artifacts into financial planning and reporting processes to
support global, line of business functionally specific planning
processes.
- Operational Planning & Analytics: Operational
FP&A and Controller teams can bring transactional analytics and
easily collaborate across sales, workforce and demand
forecasts
- Global KPI Dashboards: CFOs can access pre-packaged
dashboards of micro-UIs that display KPIs for regions, departments
or product lines. Each KPI can be updated independently, allowing
rapid adjustments based on real-time data.
- Advanced Visualizations: Finance groups can easily
deploy packages of purpose-built visualizations such as line, area,
range, bubble charts and radar waterfall, maps and gauges directly
into financial and operational reporting deployments.
Why OneStream Sensible AI is Different
OneStream's Sensible AI is intended to transform how Finance
teams leverage purpose-built AI to navigate today's complex
business landscape with trusted, secure and purpose-built
solutions. Unlike tool sets, OneStream's Sensible AI is
purpose-built for finance, offering pre-packaged solutions that
seamlessly integrate into existing finance workflows and provide
full transparency into data sources to ensure reliability and
uphold enterprise-grade security measures. This allows finance
teams to leverage the power of AI without needing tech experts or
data scientists. To learn more about OneStream's Enterprise AI
Portfolio, visit here.
The OneStream Wave Developer Conference connects developers,
implementors and administrators to grow the community and
collaborate on design techniques. For more information visit
here.
About OneStream
OneStream is how today's Finance teams can go beyond just
reporting on the past and Take Finance Further by steering the
business to the future. It's the leading enterprise finance
platform that unifies financial and operational data, embeds AI for
better decisions and productivity, and empowers the CFO to become a
critical driver of business strategy and execution.
We deliver a comprehensive cloud-based platform to modernize the
Office of the CFO. Our Digital Finance Cloud unifies core financial
and broader operational data and processes and embeds AI for better
planning and forecasting, with an extensible architecture, so
customers can adopt and develop new solutions, achieving greater
value as their business needs evolve.
With over 1,500 customers, including 15% of the Fortune 500,
more than 250 go-to-market, implementation, and development
partners and over 1,400 employees, our vision is to be the
operating system for modern finance. To learn more, visit
onestream.com.
Contacts
MEDIA CONTACT
Jaclyn Proctor
Media Relations Contact
OneStream
media@onestreamsoftware.com
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SOURCE OneStream, Inc.