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.
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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.”
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SOURCE: Businesswire