Europe is an important market for OneStream and the company has been gaining increasing adoption of our solution by organizations across the region. In fact, in 2021, OneStream reported especially strong growth in EMEA as full-year 2021 bookings grew over 200 percent year over year. As a result of increased customer adoption, OneStream is also gaining recognition as a leader in the market from IT industry analyst firms in the EMEA region.
Most recently, OneStream has been named a Market Leader for the third consecutive year in the BARC Score Financial Performance Management 2022 report, ranking among the highest portfolio capabilities and market execution scores across vendors. Read on to learn more about the report and why OneStream was recognized as a leader
Financial Performance Management in 2022
Corporate performance management (CPM) continues to play a critical role in organizational growth and competitiveness, with the goal of aligning an organization’s strategy and goals with business processes in order to achieve the highest level of performance across strategic, tactical, and operational levels. According to European industry analyst firm BARC, as the age of digitization and globalization continues, companies are waking up to the need for transparency in financial processes in order to achieve efficient management. This transparency requires examining both what has happened in the past as well as anticipating future developments in an organization’s goals and structures. As a result, financial performance management (FPM) serves as one of the central management tasks in an organization at the strategic, tactical, and operational levels.
What is the BARC Score?
The BARC Score is an annual report that ranks vendors based on BARC analyst feedback and assessments for a specific software market against a set of detailed criteria. Vendors are evaluated on two dimensions – “Portfolio Capabilities” and “Market Execution” – and categorized among five segments: Entrants, Specialists, Challengers, Market Leaders, and Dominators.
As depicted in the graphic below, in the 2022 BARC FPM Score report, OneStream is recognized as a Market Leader, with one of the highest rankings for Portfolio Capabilities combined with increasingly strong scores on Market Execution.
2022 BARC Score Financial Performance Management – Global
This is the third consecutive year OneStream has been named a Market Leader across Global vendors. Below are key details from BARC’s evaluation of OneStream:
- Single Unified Platform: BARC recognizes that OneStream was developed as a single platform to allow for a unified approach to support the CPM processes and information streams in an organization across financial close and consolidation, planning, budgeting, forecasting, reporting, analysis, and financial data quality management.
- OneStream MarketPlace: The report highlights OneStream’s MarketPlace, which allows customers to extend the platform with additional capabilities, with over 50 predefined business and productivity solutions that are fully supported and free of charge for customers.
- Excellent Customer Feedback: Excellent customer feedback for many KPIs in BARC’s ‘The Planning Survey’ for years, including project success, price-to-value, vendor support, product satisfaction, and functionality.
Dr. Christian Fuchs, Senior Vice President and Head of Data & Analytics Research at BARC, said about OneStream’s performance, “OneStream is recognized for its comprehensive solution that allows for a single unified approach to support various CPM processes and information streams in organizations. It serves as a unified, robust, and comprehensive CPM solution with an extensive partner network that enables the platform to expand globally. With over 900 customers globally and a mission of each customer as a reference, OneStream maintains a stronghold as a leader in this market.”
“We are honored to be recognized in the BARC Score Financial Performance Management Report as a market leader for the third consecutive year,” said Matt Rodgers, SVP EMEA Managing Director at OneStream. “The BARC Score demonstrates our commitment to driving customer success for organizations globally, especially those based in Germany, Austria, and Switzerland. We will continue focusing our efforts on enabling organizations to conquer business complexity and lead at speed across EMEA, and globally.”
To learn more about OneStream’s performance in the 2022 BARC Score for Financial Performance Management, download your complimentary copy here.