Finance
OneStream Builds on Applied Finance AI Solutions, Expands Innovations to Core Finance with OneStream Navigation Center and more | OS Stock News
OneStream AI-Powered Anomaly Detection, Scenario Modeling, other expansions to Microsoft partnership and Solution Exchange announced at OneStream Splash EMEA
“As economic volatility and evolving regulations continue, CFOs are being asked to do more than report on the past and need the technology and skills to strategically guide the business,” said Tom Shea, CEO, OneStream. “We are pioneering the digitalization of core finance. This news is a testament to our leadership and focus on building purpose-built, AI-powered solutions that address the needs of today’s Finance leaders.”
Sensible AI: Purpose-Built for Finance
The OneStream Sensible AI portfolio, announced in May, 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 previewed the following AI capabilities added to this Sensible AI portfolio:
- 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.
Digitizing the Office of the CFO
In May, OneStream announced several innovations focused on digitizing core finance, including expanding its partnership with Microsoft with OneStream Certified Power BI Connector. This week, OneStream previewed a series of new innovations to make it easier for Finance leaders to deploy, report and consume financial reporting.
- OneStream Navigation Center streamlines access to reports and bookmarks critical audit and narrative documents, in one place. 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 make it 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.
OneStream Splash EMEA brings together Finance leaders and experts within the Office of the CFO for three days to explore how Finance leaders can go beyond just reporting on past performance towards steering the business to the future.
OneStream Splash is sponsored by OneStream global System Integrators, implementation, development and technology partners, including the following:
- Global System Integrators: PwC
- Diamond: AIQOS, AMCO, Black Diamond Advisory, CFO Solutions, Finext, Finit, Inlumi, Inplenion, Spaulding Ridge
- Gold Partners: Avvale S.p.A, Bluebird, cpmview
- Silver Partners: Advance Tax Compliance, BDO LLP, BearingPoint, Keyteach, Swap Support, TaxVibes
- Development Partners: Advance Tax Solutions, AIQOS, AMCO, BDO LLP Black Diamond, Finext, Finit, InfinitySPM, Inlumi, Spaulding Ridge
- Technology Partners: EPMWare
To learn more about OneStream Splash EMEA, 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 1,400 customers, including
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Media Relations Contact
OneStream
media@onestreamsoftware.com
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SOURCE OneStream, Inc.
Finance
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Finance
Stamford Finance Students Wow Judges, Take Home Trophy in Regional CFA Competition – UConn Today
A tenacious team of finance majors, who sacrificed most of their winter break to prepare for the CFA Institute Research Challenge, took first place in that regional competition last week.
Students Hunter Baillargeon, Dylan Fischetto, Richard Opper, Philip Ochocinski and Rushit Chauhan were tasked with researching and analyzing a major utility company, and then producing a 10-page report about whether to buy, hold, or sell its stock. They chose to sell.
One of the CFA judges said both the team’s report and presentation were among the best he had seen in many years.
“As a team, we were thrilled our hard work paid off and our many hours of work allowed us to achieve what we did,’’ Baillargeon said. “What we accomplished couldn’t have been done without working with such a cohesive and collective unit.’’
“From a technical perspective, I realize how valuable true analysis is and the importance of looking where others don’t for a differentiated approach,’’ Baillargeon said.
The first round of competition featured 24 college teams from the Stamford-Hartford-Providence region. The Stamford team, composed of seniors all of whom all participate in UConn’s Student Managed Fund program, received its first-place award Feb. 26 in a ceremony in Hartford. The team will advance to the East Coast competition later this month.
Stamford Finance Program is Robust
“The Stamford team’s advancement in this competition reflects not only the students’ exceptional talent and work ethic, but also the rigor and applied focus of the UConn finance curriculum,’’ said professor Yiming Qian, head of the Finance Department.
“Our Stamford campus hosts approximately 200 financial management majors. The Stamford program is a vital part of the School and continues to demonstrate outstanding strength,” she said.
Professors Steve Wilson and Jeff Bianchi, who combined have 75 years of experience in the investment industry, were the team’s advisers and were supported by academic director Katherine Pancak.
Wilson said the task of analyzing a utility is particularly complex because of the company’s structure and the regulatory environment in which it operates.
“I believe the Stamford team stood out because of the depth of their research, and willingness to take a bold stand, including the decision to ‘go out on a limb’ and recommend selling the stock,’’ he said. “They didn’t ‘play it safe.’’’
“This clean-sweep was a true team effort. They were tireless throughout, and sleepless too often, but they never wavered from their desire to always dig deeper and uncover any information that would strengthen our investment case,’’ he said. “What a phenomenal job they did!’’
Competition in Hong Kong Is Ultimate Goal
The Stamford team will compete against Loyola, Canisius, Sacred Heart; Seton Hall, Villanova, St. Michaels, Western New England, University of Maine, Fordham and Penn State next. In total, some 8,000 students are expected to participate in various competitions worldwide, culminating in a championship round in Hong Kong in May.
Wilson said the financial industry is always welcoming of new talent. And when one of the judges told him that the Stamford team produced some of the best work that he’d seen in years, Wilson felt tremendous pride for the students.
“Finance is an open playing field. In investments, the best idea wins,’’ he said.
Baillargeon said he will always appreciate the whole team’s dedication.
“What I’ll remember most is the help of our advisers and our cohesive, close-knit team where everyone pulled their weight,’’ Baillargeon said. “We put in long hours, did a tremendous amount of research, and collaborated well together. I hope when I enter the workforce I get to work with a team as committed as this one is.’’
Finance
Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers – Supervisor Lindsey P. Horvath
Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers
Board Advances Motion to Address LAHSA’s Failure to Pay Service Providers
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Supervisor Lindsey P. Horvath
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