Choosing the right corporate performance management (CPM) software isn’t always straightforward, especially when you're weighing how well different tools work in practice. If you're looking for real-world insights to guide your decision, The Planning Survey 24 by BARC is a helpful resource. Based on input from over 1,200 users, it gives a clear picture of how various planning software solutions measure up. In this post, we’ll explore OneStream’s performance in the survey, highlighting its standout features and areas where it has room to grow.
OneStream’s Position in the Market
OneStream has established itself as a significant player in the planning software market, particularly in the realm of integrated financial consolidation and planning. In the Planning Survey 24, OneStream secured top ranks in several key performance indicators (KPIs), underscoring its strengths in delivering business benefits, functionality, and customer satisfaction.
The Planning Survey 24: Key Findings
- Business Benefits:
- OneStream scored notably high in business benefits, with a perfect 10.0, indicating that a large majority of its users have realized substantial improvements in their operational efficiency and competitive positioning.
- 88% of surveyed users reported an enhanced competitive advantage, while 76% noted a reduction in headcount due to the efficiencies enabled by OneStream’s capabilities.
- OneStream scored notably high in business benefits, with a perfect 10.0, indicating that a large majority of its users have realized substantial improvements in their operational efficiency and competitive positioning.
- Recommendation and Satisfaction:
- The survey revealed that 96% of users would recommend OneStream to other organizations, reflecting a strong level of user satisfaction.
- Additionally, 100% of users expressed satisfaction with the product, citing its comprehensive functionality and flexibility as key factors.
- The survey revealed that 96% of users would recommend OneStream to other organizations, reflecting a strong level of user satisfaction.
- Functionality:
- OneStream’s functionality was another area of strength, with a score of 9.2, positioning it ahead of many competitors. Users appreciated its robust capabilities in data integration, forecasting, and reporting, which are essential for complex financial and operational planning.
- Customer Satisfaction:
- The platform also performed well in customer satisfaction, a composite metric that includes aspects like vendor support, value for money, and overall product experience. This suggests that OneStream not only meets but often exceeds the expectations of its users.
Areas for Consideration
While OneStream’s performance in the survey is impressive, potential adopters should consider a few factors. As with any complex software, the effectiveness of OneStream can be highly dependent on the specific needs of the organization and the expertise of its users. Companies with more modest needs or less complex financial structures may find some of OneStream’s advanced features underutilized. Additionally, while the platform ranks highly, it’s essential to consider how its total cost of ownership aligns with your organization’s budget and goals.
Download the Full Survey
For those interested in a deeper dive into the data, the full BARC Planning Survey 24 report is available for download. This comprehensive document provides detailed insights into OneStream’s performance across various KPIs, as well as comparisons with other leading planning software solutions.
Conclusion
OneStream's performance in the Planning Survey 24 highlights its strengths in delivering business value and user satisfaction. For organizations seeking a robust, all-in-one planning and financial consolidation solution, OneStream presents a compelling option. However, as with any significant business decision, it’s important to assess whether its capabilities align with your specific needs and strategic objectives.
