With every acquisition OneStream XF’s time varying formulas allow us to rapidly restate pro forma results
ROCHESTER, MICHIGAN (PRWEB) January 21, 2016
OneStream Software LLC, leader in Corporate Performance Management (CPM) solutions for the mid to large enterprise, today announced OneStream XF continues to consistently provide enterprise quality financial consolidation, budgeting, reporting and data collection.
“As a long standing satisfied customer of OneStream, Confie Seguros has demonstrated that primary growth through acquisition can be only be successfully financially managed by a truly unified and agile corporate performance management solution,” says Tom Shea, President of OneStream Software. “Confie’s dynamic environment requires our extensible CPM solution capable of handling their continuous acquisition strategy. The ability to quickly add new businesses to their portfolio for consolidation, financial reporting and budgeting is critical to the ongoing operations of their organization. By offering one platform and one model, OneStream XF can align to Confie’s changes and business needs faster than any other product on the market. Furthermore, OneStream’s single point of installation and maintenance allows Confie to deploy additional financial and operational solutions in a single application and model.”
“Shortly after Confie relocated its headquarters, we made numerous acquisitions that simply could not be managed using the CPM system we had in place at that time. We needed to replace our inefficient system with one that could not only handle our constantly changing financial operations but also provide us with accurate data collection and analysis,” said Jeff Miller, Senior Vice President of Finance, Confie Seguros. “We were familiar with other CPM solutions on the market but OneStream offered the best fit and setup for our environment with minimal complexity, seamless integration to various large databases and an overall ease of use that other vendors do not have. Since implementing OneStream XF in 2013 we have made an additional 42 acquisitions with 11 requiring restatement of historical results. With every acquisition OneStream XF’s time varying formulas allow us to rapidly restate pro forma results which is essential to our company. Additionally, OneStream XF allows us to run detailed comparative reporting that can effectively anticipate and manage our changing financial environment.”
OneStream XF, is a single, unified Corporate Performance Management software platform that simplifies processes to deliver financial consolidation and reporting, planning and operational analytics for complex organizations. Guided Workflows simultaneously improve the quality and consistency of data while reducing risk throughout the financial consolidation, reporting and planning processes. OneStream customers enjoy the multiple benefits of owning a single agile CPM system that is capable of adapting to business changes quickly and easily.
362 South Street
Rochester, MI 48307
About Confie Seguros
Established in 2008, Confie is a leading, California-based national insurance distribution company primarily focused on personal lines and small commercial insurance. The experienced Confie management team continues to build Confie’s portfolio of regional personal lines brokerages, and today has annual revenue of approximately $500 million and over 680 retail locations. The company has leading market positions in California, Arizona, Texas, Florida, Washington, Oregon, New York, New Jersey, Nevada, Illinois, Alabama, Kansas, Wisconsin, South Carolina, Missouri, Louisiana and Indiana and expects to continue its expansion in those and other states, including Georgia, Virginia and North Carolina.
Confie is a portfolio company of ABRY Partners. For more information about Confie, please visit http://www.confie.com.
About OneStream Software LLC
OneStream Software is a privately held software company created by the same team that invented the leading financial solutions of the last decade. We provide a unified Corporate Performance Management (CPM) platform which enables the enterprise to simplify financial consolidation, reporting, budgeting and forecasting for complex organizations. Powerful extensibility enables the enterprise to deliver additional analytic solutions without adding any technical complexity. By delivering multiple solutions in one application, we offer increased capabilities for financial reporting and analysis while reducing the risk, complexity and total cost of ownership for our customers. We are driven by our mission statement that every customer must be a reference and success.