at Financial Technnology Year
This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.
OneStream Financial Close and Consolidation from OneStream Software
Delivers unified close automation with data quality, validation, intercompany eliminations, financial consolidation, and regulatory reporting for insurance companies and other financial sectors.
Product analysis by function
Financial Close Automation Systems for Finance and Accounting
Platforms that streamline the period-end financial close process, reducing time and errors in financial statement preparation.
More Financial Close Automation Systems
More Finance and Accounting ...
Core Financial Close Functionality
(0 Yes /0 Known /15 Possible features)
|
Automated Journal Entry Posting Ability to automate and schedule journal entries to various ledgers. |
. | No information available |
|
Account Reconciliation Automation Automatically matches and reconciles account balances across systems. |
. | No information available |
|
Intercompany Elimination Automates the process of eliminating intercompany transactions for consolidated reporting. |
. | No information available |
|
Trial Balance Automation Enables real-time automated generation and validation of trial balances. |
. | No information available |
|
Sub-ledger to GL Reconciliation Automates and manages reconciliation between sub-ledgers and the general ledger. |
. | No information available |
|
Accrual Management Automates the accrual calculation and posting for period-end. |
. | No information available |
|
Suspense Account Monitoring Automatically monitors, tracks and resolves suspense account entries. |
. | No information available |
|
Reconciliation Templates Provides customizable templates for different account types and reconciliations. |
. | No information available |
|
Bulk Close Operations Ability to close multiple entities, books, or business units simultaneously. |
. | No information available |
|
Soft Close Capability Allows interim closing of ledgers before final close for review purposes. |
. | No information available |
|
Number of Supported Ledgers Maximum number of separate general ledgers supported in the platform. |
. | No information available |
|
Custom Workflow Support Ability to define and automate multi-step close workflows tailored to organizational needs. |
. | No information available |
|
Automated Adjustments System identifies and automatically posts adjustment entries as needed. |
. | No information available |
|
Close Task Checklists Provides configurable, tracked checklists to ensure all close tasks are completed. |
. | No information available |
|
Close Calendar Management Helps manage and visualize close timelines, milestones, and dependencies. |
. | No information available |
Integration & Data Management
(0 Yes /0 Known /12 Possible features)
|
ERP Integration Direct connectors or APIs for major ERPs (e.g., SAP, Oracle, Microsoft Dynamics). |
. | No information available |
|
Data Import Automation Scheduled or on-demand data imports from multiple source systems. |
. | No information available |
|
Real-Time Data Sync Synchronizes financial data in real-time or near real-time. |
. | No information available |
|
Data Validation Rules Customizable controls to validate data integrity during the close process. |
. | No information available |
|
Data Transformation Tools Features to map, clean, and transform data for compatibility with various systems. |
. | No information available |
|
File Format Support Range of supported data file formats (Excel, CSV, XML, etc.). |
. | No information available |
|
Integration with Document Management Systems Direct integrations with platforms like SharePoint or Box for supporting documents. |
. | No information available |
|
API Access Availability of RESTful, SOAP or GraphQL APIs for integration and automation. |
. | No information available |
|
Bulk Data Processing Speed Rate at which the platform can process and import bulk data. |
. | No information available |
|
Audit Trail for Data Changes Tracks all changes made to imported or exported data. |
. | No information available |
|
Manual Data Entry Support Ability for users to manually upload, enter, or amend data as needed. |
. | No information available |
|
Master Data Management Integration Supports connectivity to centralized master data systems. |
. | No information available |
Controls & Compliance
(0 Yes /0 Known /12 Possible features)
|
Segregation of Duties Ability to enforce separation of roles for critical processes. |
. | No information available |
|
SOX Compliance Features Built-in controls and checklists for Sarbanes-Oxley compliance. |
. | No information available |
|
Audit Trail Comprehensive logging of user activity and changes to financial data. |
. | No information available |
|
Policy Enforcement Ability to enforce close process policies and escalation rules automatically. |
. | No information available |
|
Attestation Processes Enables formal certification/attestation of reconciliations and close tasks. |
. | No information available |
|
Approval Workflows Configurable approval flows for journal entries and reconciliations. |
. | No information available |
|
User Access Controls Granular controls over user roles and access to data/features. |
. | No information available |
|
Automated Controls Testing Features for periodic test and verification of key controls. |
. | No information available |
|
Compliance Reporting Pre-built and customizable reports for regulatory compliance. |
. | No information available |
|
Change Management Tracking Tracks all changes to process configurations, rules, and templates. |
. | No information available |
|
Retention Policy Management Automates application of document/data retention policies. |
. | No information available |
|
Sensitive Data Masking Automatically hides or redacts sensitive financial information. |
. | No information available |
Process Automation & Orchestration
(0 Yes /0 Known /10 Possible features)
|
Workflow Engine Configurable process flows with automated assignment and hand-offs. |
. | No information available |
|
Task Automation Automates repetitive tasks like reconciliations, reminders, and calculations. |
. | No information available |
|
Exception Handling Automates identification and escalation of exceptions or breaks. |
. | No information available |
|
Automated Notifications Sends alerts and updates based on process events or deadlines. |
. | No information available |
|
Parallel Processing Support Allows tasks to be completed in parallel, speeding up the close. |
. | No information available |
|
Scheduling Tools Configurable schedules for automated run of close activities. |
. | No information available |
|
Business Rule Automation Ability to define and apply custom business logic for process flows. |
. | No information available |
|
Role-based Task Assignment Automated assignment of tasks to users based on roles, workload, or rules. |
. | No information available |
|
Performance Monitoring Real-time tracking of process progress and blockers. |
. | No information available |
|
BPMN Support Compatibility with BPMN standard for documenting business processes. |
. | No information available |
Reporting, Analytics & Visualization
(0 Yes /0 Known /10 Possible features)
|
Standard Financial Reports Pre-built templates for key financial close and reconciliation reports. |
. | No information available |
|
Custom Report Builder User-friendly interface to create custom reports and visualizations. |
. | No information available |
|
KPI Dashboards Live dashboards tracking close metrics (cycle time, open items, bottlenecks, etc). |
. | No information available |
|
Drill-down Capabilities Ability to move from summary data into details and source transactions. |
. | No information available |
|
Variance Analysis Tools Automated tools to identify and analyze variances in financial results. |
. | No information available |
|
Export Options Range of export formats and direct integration to BI tools. |
. | No information available |
|
Real-time Close Progress Tracking Live display of process completion, overdue tasks, and status indicators. |
. | No information available |
|
Report Scheduling Automated, periodic report generation and distribution. |
. | No information available |
|
User-defined KPIs Flexible creation and monitoring of custom close-related metrics. |
. | No information available |
|
Benchmarking & Trend Analysis Uses historical data to benchmark closes and spot long-term trends. |
. | No information available |
User Experience & Collaboration
(0 Yes /0 Known /10 Possible features)
|
Role-based Dashboards Personalized views for different user types (controllers, accountants, reviewers, etc.) |
. | No information available |
|
In-app Collaboration Features like commenting, notes, and attachments within the close process. |
. | No information available |
|
Mobile Access Responsive web/mobile app interfaces for completing close tasks remotely. |
. | No information available |
|
User Training Modules Integrated tutorials, training content, and help guides. |
. | No information available |
|
Multi-language Support Availability in multiple languages for global teams. |
. | No information available |
|
Multi-currency Support Compatible with multiple currencies, conversion rates, and reporting requirements. |
. | No information available |
|
Personalized Task Lists Each user sees their own prioritized and assigned tasks. |
. | No information available |
|
Bulk Actions Perform multiple actions (close, approve, assign) at once to speed work. |
. | No information available |
|
Accessibility Compliance Meets standards like WCAG 2.1 for accessible digital experiences. |
. | No information available |
|
Integrated Chat/Message System Instant messaging for contextual collaboration within the platform. |
. | No information available |
Security & Disaster Recovery
(0 Yes /0 Known /10 Possible features)
|
Data Encryption Encrypts data in transit and at rest using industry-standard protocols. |
. | No information available |
|
Multi-factor Authentication Enhances platform access security via MFA/2FA options. |
. | No information available |
|
Regular Security Audits Platform undergoes periodic third-party or internal security testing. |
. | No information available |
|
Disaster Recovery SLA The committed time within which systems are restored after a disaster. |
. | No information available |
|
Data Backup Frequency How often the platform conducts full backups. |
. | No information available |
|
User Session Management Automatic log-off and session control features. |
. | No information available |
|
Security Certifications Possession of industry recognized certifications (e.g., ISO 27001, SOC 2). |
. | No information available |
|
Granular Permission Settings Detailed controls for access to objects, fields, and actions. |
. | No information available |
|
Audit Log Retention Length of time audit logs are retained and accessible. |
. | No information available |
|
Single Sign-On Integration Supports SSO via SAML, OAuth, or Active Directory. |
. | No information available |
Scalability & Performance
(0 Yes /0 Known /10 Possible features)
|
Concurrent User Capacity Maximum simultaneous users supported without loss of performance. |
. | No information available |
|
Supported Entities/Business Units Maximum organizational units/entities handled within a single deployment. |
. | No information available |
|
Close Cycle Time Reduction Typical reduction in close time when using the platform. |
. | No information available |
|
Data Storage Capacity Maximum financial and supporting data storage available per instance. |
. | No information available |
|
Load Balancing Support System remains performant during peak workloads through automated load balancing. |
. | No information available |
|
Performance Monitoring Tools Built-in analytics for tracking system response and throughput. |
. | No information available |
|
Batch Processing Throughput Maximum number of records processed per hour in batch operations. |
. | No information available |
|
API Rate Limits Maximum number of API calls per time unit. |
. | No information available |
|
Geographic Distribution Support for distributed teams and operations across multiple regions. |
. | No information available |
|
Flexible Deployment Models Options for SaaS, on-premises, or hybrid deployments. |
. | No information available |
Insurance-Specific Capabilities
(0 Yes /0 Known /10 Possible features)
|
Regulatory Reporting Templates Pre-built templates for statutory, regulatory and NAIC (US) or Solvency II (EU) disclosures. |
. | No information available |
|
Policy-to-Ledger Reconciliation Automated tools to reconcile policy systems with accounting ledgers. |
. | No information available |
|
Claims Reserve Calculations Supports actuarial reserve calculations and integration with actuarial systems. |
. | No information available |
|
Investment Accounting Integration Automated feeds from investment management systems to GL/reconciliation. |
. | No information available |
|
Multi-GAAP Support Handles US GAAP, IFRS 17, and other insurance accounting standards. |
. | No information available |
|
Reinsurance Agreement Tracking Automated reconciliation for ceded/premium for reinsurance contracts. |
. | No information available |
|
Premium Receivable Reconciliation Reconciles policy premium receivables automatically. |
. | No information available |
|
Claims Payments Tracking Reconciles actual claims payments against reserves and accounting entries. |
. | No information available |
|
Product/Line of Business Segmentation Allows close data and reporting by product or line of business. |
. | No information available |
|
Regulatory Filing Automation System automates the population and e-filing of regulatory reports. |
. | No information available |
Implementation & Support
(0 Yes /0 Known /10 Possible features)
|
Implementation Time Typical time frame required to deploy and go live. |
. | No information available |
|
Onboarding Assistance Dedicated onboarding and migration support. |
. | No information available |
|
24/7 Customer Support Support availability around the clock (live chat, call, or ticket). |
. | No information available |
|
Knowledge Base Comprehensive self-serve documentation and troubleshooting guides. |
. | No information available |
|
Dedicated Account Manager Provides an assigned point of contact for ongoing support and escalation. |
. | No information available |
|
SLAs for Issue Resolution Guaranteed maximum times for critical and non-critical issue resolution. |
. | No information available |
|
User Community Forums Active community or user groups for peer support. |
. | No information available |
|
Training and Certification Programs Structured courses and certifications for users and admins. |
. | No information available |
|
Partner Network Ecosystem of third-party implementers and solution partners. |
. | No information available |
|
Upgrade/Release Frequency How often platform releases major product enhancements. |
. | No information available |
Cost & Commercial Terms
(0 Yes /0 Known /10 Possible features)
|
Transparent Pricing Model Clear, published or easy-to-understand pricing (vs. custom quotes only). |
. | No information available |
|
Modular Pricing Option to pay only for needed modules or features. |
. | No information available |
|
Free Trial Availability Ability to try the software at no initial cost for a limited period. |
. | No information available |
|
Per User Licensing Licensing and cost scales with number of users. |
. | No information available |
|
Transactional Pricing Option Option for pricing based on volume of transactions processed. |
. | No information available |
|
Implementation Fees One-off fees for initial setup or configuration. |
. | No information available |
|
Ongoing Maintenance Costs Annual/monthly fees for support, updates, and hosting. |
. | No information available |
|
Discounts for Multi-year Commitments Reduced pricing available for longer contracts. |
. | No information available |
|
Flexible Contract Terms Monthly/annual options; early termination and upgrade/downgrade policies. |
. | No information available |
|
Cost Predictability All-in costs clearly outlined with minimal hidden fees. |
. | No information available |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.