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OneStream or Board International, settled by whether the statutory close is in scope.
OneStream (EPM software) and Board International both help a group take its plans and dashboards off spreadsheets. OneStream also runs the statutory close, and Board reads the closed figures from another system.
The 2 products often share a shortlist when a multi-entity group wants its plans and dashboards out of spreadsheets by a set date. Board International (planning and analytics software) sells the Intelligent Planning Platform. OneStream sells the Intelligent Finance Platform, so the names differ by 1 word.
- OneStream (EPM software)
- 1 model for the close, the consolidation, the plan and the report. A finance systems team looks after it.
- Board International
- 1 place for planning, analytics and dashboards. Board's partners and customers build the applications, and the catalogue includes a consolidation application.
- Where they differ
- OneStream runs the statutory close, with its journals, certifications and audit trail, in the same product as the plan and the dashboards. Board can read closed figures from a ledger or a separate consolidation system.
OneStream and Board International handle 10 finance tasks in different ways, from the ledger to the board pack.
| OneStream (EPM software) | Board International | |
|---|---|---|
| Run a 5 day statutory close across 15 entities | The close runs inside the consolidation, with a task list, a certification and a lock per entity and period, and the auditor reads the same journals the controller posted. | The statutory close runs in the ledger or a separate consolidation system, and Board reads the closed figures for reporting and planning. |
| Consolidate with 3 levels of ownership | Ownership percentages, methods and the resulting eliminations are settings in the consolidation engine, held per entity and period. | Board lists a financial consolidation application, and a group configures the ownership rules in that application on Board's data model. |
| Eliminate intercompany balances and hold the matching report | Matching and elimination run per entity pair, and the matching report is stored with the period it belongs to. | The partner configures elimination logic in the consolidation application or builds it into a planning model as a rule. |
| Load actuals from 3 ERPs with a drill back to the record | Each load carries its mapping and validation, and a user drills from a consolidated cell to the source line the ERP sent. | Board loads through its data reader and connectors, and the drill path goes as far as the level the load kept. |
| Build a dashboard for 30 branches | Dashboards are built in the platform's own reporting layer, on the consolidated and planned figures in the model. | Board grew from dashboards and analytics, and its screens read the same data as the plan. |
| Hold a downside case beside the base case in 1 model | A scenario is a member of the scenario dimension, so the branch and the base sit side by side in 1 model. | A scenario is a version in the planning application, compared with the base through the same screens. |
| Plan headcount, volume and price on 1 set of dimensions | Operational plans share the entities, accounts and periods of the financial plan, in the same application. | Board holds operational and financial plans in 1 environment, on dimensions the implementation defined. |
| Produce the annual report from the consolidated figures | The narrative and the notes read from the consolidation, with each figure linked to the cell it came from. | Board produces reports and dashboards, and the annual report reads figures from the system that ran the consolidation. |
| Add an acquired entity mid year | The entity joins the hierarchy from its acquisition date, with its ownership and its history carried in the same model. | The group adds the entity to the relevant dimension in Board and to the consolidation system, and updates both. |
| Change the model after go-live | A finance systems team changes the metadata and the rules through the application's own administration. | The partner or an in-house developer trained on Board's toolkit changes Board's applications. |
OneStream runs the statutory close and the plan on the same set of entities.
OneStream started with the consolidation, then built the close, the plan and the report on the same entities, accounts and periods. You post a journal once, and the annual report, the board pack and the forecast all use it.
Reports are quicker because they read the consolidation itself, with no copy in between.
OneStream works best for a group that wants its statutory close in the same place as its plan, with a finance systems team looking after 1 model.
Board International grew from analytics into planning and holds both in 1 environment.
Board International started in business intelligence and moved into planning. A single Board screen can show a dashboard, a data entry form and a simulation on the same data.
Board was founded in Switzerland in 1994. Its partners and customers build applications on the Board toolkit, and groups use it to run finance, supply chain and sales planning in 1 place.
Board's catalogue includes a consolidation application, where a group sets up its ownership and elimination rules on Board's data model. The statutory close can also stay in the group's existing system, with Board reading the closed figures.
OneStream suits a group choosing where its close will run, and Board suits a group adding dashboards to a close it keeps.
OneStream is built for a close of 15 entities on a group calendar, with an elimination trail the auditor tests every year. Board can run the same close through a consolidation application set up for it.
A group that wants dashboards for 30 branches, and keeps its close where it is, can compare the 2 on planning and screens alone.
The 2 demonstrations often open on different screens, 1 on a close task list and the other on a dashboard. Constancia is an EPM consultancy and an official OneStream partner, and we look at your data model before we recommend either product.
We also compare OneStream with Anaplan and Tagetik, and explain how we implement OneStream.
OneStream or Anaplan
OneStream and Anaplan compared on where the group's intercompany eliminations run.
Read the comparisonOneStream or Tagetik
OneStream and Tagetik both run the close, and each designs its dimensions its own way.
Read the comparisonOneStream implementation
We survey your data model before we fix the price of a OneStream build.
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