OneStream adds AI, local languages in latest CPM software release

OneStream Software has released the latest version of its SmartCPM platform, OneStream XF 5.0.

The software is a corporate performance management solution, including financial close, consolidation, planning and reporting capabilities, for midsized or very large corporations. This is the fifth generation of OneStream XF, which can be deployed in the cloud or on-premise.

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The update adds environmental sensors and intelligent bots that are meant to deliver scalability and performance improvements. Other key features include enhanced analytical capabilities to enable better decision making, and local language capabilities for international users.

The AI-powered bots route tasks to servers with available capacity based on live system data. They are able to prioritize large tasks, such as consolidation, and assign them to a dedicated server that keeps other resources free and available for other important tasks.

OneStream is available to companies that operate in different geographies, which the new local language capabilities accommodate. A new reporting alias feature enables the display of accounting and reporting data in multiple languages based on each user’s preference. Local language support has become a priority, the company states, as the number of OneStream users expands and as multinational companies seek to bring finance and operational users enterprise-wide onto a single CPM platform.

“A majority of our customers have migrated from legacy systems [...] Many had multiple disparate systems, and large user populations in place before coming to OneStream,” chief revenue officer Craig Colby said in a statement. “The new local language capabilities of OneStream XF 5.0, enabling a personalized experience for reporting in everyone’s native language, will help to drive broader acceptance and usage of our platform. This in turn results in greater efficiencies, stronger collaboration and streamlined financial processes.”

OneStream Software CEO Tom Shea added that this release lays the foundation of the company’s X-Scale initiative, a new cloud infrastructure the company is building. According to Shea, the new platform will enable companies to “take advantage of the infinite potential of the cloud, and to intelligently scale up and down capacity to match peaks in valleys in user demand during crunch periods.”

Both cloud and on-premise versions of OneStream XF 5.0 are available. For more information, visit www.onestreamsoftware.com.

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