Founded by a team of former financial performance and compensation software executives, CompIntelligence was born out of a need in the marketplace for tailored solutions to improve performance management and equity compensation programs. Since its beginnings in 2002, CompIntelligence has been driven by the mission of putting relationships first – from its team members to partners and clients. CompIntelligence values a family-first workplace where collaboration, communication, and mentorship are at the heart. This culture reverberates through to each project CompIntelligence works on, resulting in a reputation for project success and service excellence. Today, CompIntelligence continues to pride itself in having the most experienced teams in the corporate performance management (CPM) and Equity Compensation industries. As it grows, CompIntelligence has maintained selective hiring practices to preserve the values and commitment to quality that founded us.

Harnessing knowledge from hundreds of successful projects, CompIntelligence brings a collective expertise gained through years of deep experience, ongoing collaboration, and communication. CompIntelligence plans for long-term success – not just the project at hand – which is why so many of its clients have been with CompIntelligence for years as a strategic partner.

Are you in the process of choosing a Corporate Performance Management (CPM) platform? As you look at various options in the market, you need to first determine if a unified solution or best of breed approach is right  for your organization.  While you might be tempted to consider standalone solutions for each component of CPM, in the end you will save time, money and angst with a unified platform approach to CPM. Keep reading to find out how OneStream Software can satisfy your organization's entire CPM requirements in a single unified platform. 

Worlds Colliding (But Not Really) - Unifying Your Financial Process

George Costanza from the sitcom Seinfeld had a great quote.  “If ‘Relationship George’ walks through this door, he will kill independent George!  A George, divided against itself, cannot stand!”  Many in the CPM world feel that bringing together the accounting functions (Close & Consolidations) into the same world as Financial Planning & Analysis (FP&A), is just too much to handle in a single offering. Over the past decade, OneStream has proven this myth wrong as over 1,200 customers have moved from legacy CPM systems to a unified platform.  More importantly, over 80% of OneStream customers use the platform for more than one CPM solution, clearly dispelling the notion that you have to have multiple products.

So why is there even a debate? 

The financial consolidation and close process requires control and accuracy, while planning, budgeting and forecasting requires the flexibility to budget, plan and forecast at different levels of detail than the actual financial results.  And furthermore, this level of detail can vary based on the planning process (strategic vs. financial vs. operational) and line of business.  Those who favor the best of breed approach believe that the control required to deliver fast and accurate consolidated financial results hinders the planning and forecasting process, and vice versa. But is this really true?  The answer is that it depends on the architecture of the software.

OneStream Provides Control and Flexibility in a Single Application

OneStream provides a unified, Intelligent Finance Platform with a modern architecture designed to provide accuracy and control as well as flexibility in a single application.  One of the secret sauces behind this is something called Extensible Dimensionality®.  This is essentially the ability of the system to support corporate standards, such as the corporate chart of accounts (COA), while providing relevance for operating units.  This means the corporate COA can be extended to support the more detailed reporting and planning requirements of various business units without impacting the corporate standard. The other secret sauce is the multiple calculation engines within OneStream’s Intelligent Finance platform. This includes a world-class financial consolidation engine, as well as an aggregation engine designed to rapidly roll up budgets, plans and forecasts that don’t require the same precision and audit trails as book of record financial results.  The beauty of this approach is that the data for all these processes resides in a single data store, providing a single version of the truth for actuals, plans, forecasts and other corporate data.

In addition, a unified application means all processes are aligned with a single point of change, so solutions are always in alignment without manual reconciliation efforts. This single point of changes gives OneStream customers the agility needed to conquer the complexity of business changes. This unique capability is what allows OneStream to replace multiple legacy applications with a single, unified platform.  That platform provides the control to support fast and accurate financial close, consolidation and reporting – while also providing the flexibility to support agile budgeting, planning and forecasting across the enterprise.  And this unified approach makes it very easy for users to compare actual financial and operating results with budgets and forecasts – at whatever level of detail is required, without moving data between applications.  It provides a single version of the truth for actuals as well as strategic, financial and operational plans, budgets and forecasts.

Tom Cimino, CEO

“CompIntelligence has a deep industry history and dedication to excellence, which together provide the bedrock of our company. Yet like technology, we are always evolving.”