OneStream Selected by Apache Corporation to Unify Financial Processes

Rhea-AI Summary

Apache Corporation, a subsidiary of APA Corporation (NASDAQ: APA), has chosen OneStream Software to enhance its financial operations through a unified corporate performance management platform. This partnership aims to streamline financial close, consolidation, cash flow, and reporting processes. Marcy Green, Director of Financial Reporting, emphasized OneStream's capability to modernize Apache's complex financial tasks, promising better decision-making and transparency across operations.

Positive

• Partnership with OneStream Software aims to modernize financial operations.
• Implementation of an intelligent finance platform to streamline financial processes.
• Increased transparency and better decision-making anticipated from the unified system.

Negative

• None.

ROCHESTER, Mich.--(BUSINESS WIRE)-- Apache Corporation, a subsidiary of APA Corporation (Nasdaq: APA), has selected corporate performance management (CPM) vendor OneStream Software LLC (“OneStream”) to modernize and unify the company’s financial operations. Apache will use OneStream’s intelligent finance platform to streamline financial close, consolidation, cash flow, and financial reporting.

“OneStream proved to be the clear choice to streamline our complex financial processes, allowing us to digitally transform our approach to financial close, consolidation and reporting through one unified platform,” said Marcy Green, Director, Financial Reporting at Apache Corporation.

“We are excited to partner with Apache Corporation on their transformation journey to unify their complex financial processes and create transparency into their daily operations,” said Mark Ardis, Named Account Manager at OneStream. “By evolving Apache’s financial processes, users will gain the flexibility and insights to drive better decision making across the enterprise.”

About OneStream

OneStream provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organization.

OneStream is an independent software company with over 950 customers, 200 implementation partners and 1100 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220502005499/en/

LeeAnn Coviello

PAN Communications

onestream@pancomm.com

Source: OneStream Software LLC

FAQ

What is APA Corporation's recent partnership announcement?

APA Corporation's subsidiary, Apache Corporation, has partnered with OneStream Software to modernize its financial operations.

What financial processes will OneStream help APA Corporation streamline?

OneStream will assist APA Corporation in improving financial close, consolidation, cash flow, and reporting processes.

What benefits does APA Corporation expect from using OneStream's platform?

APA Corporation expects better decision-making, increased transparency in operations, and a more streamlined financial process.

When was the partnership between APA Corporation and OneStream announced?

The partnership was announced recently, though the press release does not specify an exact date.