New Narrative Reporting unlocks live analysis of corporate performance drivers; connects traditionally disjointed data and documentation for real-time review and editing
OneStream Software, 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 announces a new automated Narrative Reporting approach within the OneStream platform at OneStream Connect – London, its premier regional customer conference in the United Kingdom. With OneStream’s Narrative Reporting, Finance leaders can perform live analysis of corporate performance drivers and review and edit traditionally disjointed data and documentation all within the OneStream platform.
“CFOs are facing increased expectations to drive the business beyond finance, which puts pressure on Finance teams to eliminate risk, build trust and drive quicker, more accurate reporting,” said Tom Shea, CEO at OneStream. “Today’s news underscores how we’re making a traditionally disjointed and lengthy narrative reporting process easier, centralized and more collaborative than ever before, thereby increasing the strategic impact of the Office of the CFO.”
“CFOs are facing increased expectations to drive the business beyond finance, which puts pressure on Finance teams to eliminate risk, build trust and drive quicker, more accurate reporting”
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By unifying and streamlining report creation, from narrative assembly to data analysis and editing, Finance leaders will leverage live OneStream data to drive transparency, confidence, and contextualization behind financial data. Key features of OneStream’s new Narrative Reporting capability include:
- Centralized Narrative Report Assembly: Narrative Books are unified within the OneStream platform to streamline report content, create live analysis and deepen collaboration on report narratives to effectively communicate corporate performance.
- Live Reporting Analysis: Analyze and gather financial context to reports, charts, spreadsheets, and documents within Narrative Books that is linked live to validated OneStream data directly in the report.
- Reduced Risk and Reporting Errors: Leverage the same OneStream interface for data, workflows and controls to eliminate the risks and costs associated with copying, pasting and managing data across multiple tools and solutions.
- Automated Processes: Embed Narrative Reporting into the close, planning and other workflow processes with built-in approvals to save time and ensure accuracy.
- Collaborate with Confidence: Collaborate on rich, formatted Narrative Books with the familiarity of Microsoft Office. Add comments, track changes and view all activities to streamline approvals and minimize reporting errors.
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