STOCK TITAN

OneStream Sensible AI Library and OneStream Genesis to Improve the Strategic Impact of the Office of the CFO

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
AI

OneStream announced the preview of Sensible AI Library and Genesis at their Wave Developer Conference. These new capabilities enable developers to accelerate AI integration into financial solutions. The Sensible AI Library offers pre-built AI models for financial planning, forecasting, and reporting workflows, while Genesis provides a low-code framework for building and deploying customized solutions.

Key features include data quality management, anomaly detection, expense optimization, and segmentation analysis. The platform allows finance teams to leverage AI without requiring technical expertise, offering pre-packaged solutions that integrate with existing workflows while maintaining enterprise-grade security.

OneStream ha annunciato in anteprima la Sensible AI Library e Genesis durante la loro Wave Developer Conference. Queste nuove capacità consentono agli sviluppatori di accelerare l'integrazione dell'AI nelle soluzioni finanziarie. La Sensible AI Library offre modelli di AI predefiniti per la pianificazione finanziaria, le previsioni e i flussi di reporting, mentre Genesis fornisce un framework low-code per costruire e implementare soluzioni personalizzate.

Le caratteristiche chiave includono la gestione della qualità dei dati, il rilevamento delle anomalie, l'ottimizzazione delle spese e l'analisi di segmentazione. La piattaforma consente ai team finanziari di sfruttare l'AI senza richiedere competenze tecniche, offrendo soluzioni preconfezionate che si integrano con i flussi di lavoro esistenti mantenendo la sicurezza di livello enterprise.

OneStream anunció la vista previa de la Sensible AI Library y Genesis en su Wave Developer Conference. Estas nuevas capacidades permiten a los desarrolladores acelerar la integración de la IA en soluciones financieras. La Sensible AI Library ofrece modelos de IA preconstruidos para la planificación financiera, la previsión y los flujos de trabajo de informes, mientras que Genesis proporciona un marco de bajo código para la construcción y el despliegue de soluciones personalizadas.

Las características clave incluyen la gestión de la calidad de los datos, la detección de anomalías, la optimización de gastos y el análisis de segmentación. La plataforma permite a los equipos financieros aprovechar la IA sin necesidad de contar con experiencia técnica, ofreciendo soluciones empaquetadas que se integran con los flujos de trabajo existentes mientras mantienen la seguridad a nivel empresarial.

OneStream는 Wave Developer Conference에서 Sensible AI LibraryGenesis의 미리보기를 발표했습니다. 이러한 새로운 기능은 개발자가 금융 솔루션에 AI 통합을 가속화할 수 있도록 합니다. Sensible AI Library는 재무 계획, 예측 및 보고 워크플로를 위한 사전 구축된 AI 모델을 제공하고, Genesis는 맞춤형 솔루션 구축 및 배포를 위한 로우코드 프레임워크를 제공합니다.

주요 기능으로는 데이터 품질 관리, 이상 탐지, 비용 최적화 및 세분화 분석이 포함됩니다. 이 플랫폼은 재무 팀이 기술 전문 지식 없이 AI를 활용할 수 있도록 하며, 기존 워크플로와 통합되고 기업 수준의 보안을 유지하는 패키지 솔루션을 제공합니다.

OneStream a annoncé l'aperçu de la Sensible AI Library et de Genesis lors de sa Wave Developer Conference. Ces nouvelles capacités permettent aux développeurs d'accélérer l'intégration de l'IA dans les solutions financières. La Sensible AI Library propose des modèles d'IA préconçus pour la planification financière, la prévision et les flux de reporting, tandis que Genesis fournit un cadre low-code pour créer et déployer des solutions personnalisées.

Les fonctionnalités clés incluent la gestion de la qualité des données, la détection des anomalies, l'optimisation des dépenses et l'analyse de segmentation. La plateforme permet aux équipes financières de tirer parti de l'IA sans nécessiter d'expertise technique, offrant des solutions préemballées qui s'intègrent dans les flux de travail existants tout en maintenant une sécurité de niveau entreprise.

OneStream hat auf ihrer Wave Developer Conference die Vorschau auf die Sensible AI Library und Genesis angekündigt. Diese neuen Funktionen ermöglichen es Entwicklern, die KI-Integration in Finanzlösungen zu beschleunigen. Die Sensible AI Library bietet vorgefertigte KI-Modelle für Finanzplanung, Forecasting und Reporting-Workflows, während Genesis ein Low-Code-Framework für den Aufbau und die Bereitstellung benutzerdefinierter Lösungen bereitstellt.

Zu den Hauptmerkmalen gehören das Datenqualitätsmanagement, die Anomalieerkennung, die Kostenoptimierung und die Segmentierungsanalyse. Die Plattform ermöglicht es Finanzteams, KI zu nutzen, ohne technische Expertise zu erfordern, und bietet vorverpackte Lösungen, die sich nahtlos in bestehende Workflows integrieren und gleichzeitig eine Sicherheitsstufe auf Unternehmensniveau gewährleisten.

Positive
  • Introduction of pre-built AI models for financial workflows
  • Low-code framework reducing development time and complexity
  • Enhanced automation capabilities for planning and forecasting
  • Integration of AI solutions without requiring technical expertise
Negative
  • None.

Insights

The introduction of OneStream's Sensible AI Library and Genesis platform represents an incremental technological advancement rather than a transformative breakthrough. While these tools aim to streamline AI implementation for financial operations, they primarily automate existing processes rather than introducing revolutionary capabilities. The drag-and-drop features and pre-built models may accelerate development, but similar solutions already exist in the market.

The platform's focus on financial workflows, particularly in planning and forecasting, addresses specific pain points but may face adoption challenges due to the conservative nature of financial departments. The low-code framework and pre-built templates could reduce implementation time, but success will depend heavily on the quality of the AI models and their ability to handle complex financial scenarios.

New capabilities for developers to speed AI solution development and adoption with purpose-built AI solutions to automate core financial workflows and pave the way for 'touchless' planning and forecasting

  • Sensible AI Library accelerates development of purpose-built AI with drag-and-drop features
  • Genesis allows business teams to configure and visualize a wide range of data with an easy to use, low code framework
  • Customers like Polaris and Stake Center Locating are using Sensible AI to automate planning and forecasting

BIRMINGHAM, Mich., Nov. 12, 2024 /PRNewswire/ -- OneStream (NASDAQ: OS), the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core finance and operational functions – including financial close, consolidation, reporting, planning and forecasting, today announced at the OneStream Wave Developer Conference the preview of OneStream Sensible AI Library and OneStream Genesis to the developer community. The launch of these capabilities enables developers to accelerate the development and integration of AI capabilities into tailored solutions for OneStream customers.

"Increasing business pressures are forcing business leaders to look to Finance to help them navigate change and drive growth," said Tom Shea, CEO at OneStream. "Today's CFO must analyze complex data to help them look around the corners and drive strategic decision making. Sensible AI Library and Genesis will transform the way the Office of Finance approaches planning and forecasting by putting sophisticated and rapid data analysis into the hands of senior finance leaders and their teams."

OneStream Sensible AI Library Unlocks Strategic Decision Making with Pre-Built AI Models

The OneStream Sensible AI Library offers pre-built AI models designed for end users to seamlessly consume and interact with data across core financial planning and forecasting, close and consolidations, and reporting and analytic workflows. With Sensible AI Library, developers can create, test, and deploy AI routines in a fraction of time for standard development.

By leveraging templated micro user interfaces (UIs), developers and implementers can quickly create a flexible and tailored analysis of complex information, based on the specific needs of Finance leaders, using a plug-and-play approach, without the need for complex coding. Critical use cases for Sensible AI Library include:

  • Data Quality and Integrity: Detect and resolve data quality issues before they affect downstream financial and operational processes. Empower your finance and operational teams to uncover potential data inconsistencies and inaccuracies, ensuring that decisions are based on reliable, accurate information.
  • Anomaly Detection and Fraud Prevention: Improve internal controls and identify unusual patterns in financial data to protect against errors or fraud.
  • Expense Optimization: Analyze spending patterns to identify unnecessary expenses or suggest more cost-effective suppliers to help CFOs find opportunities to reduce costs.
  • Segmentation Analysis: Identify key patterns within financial data to support optimal resource allocation. By segmenting data into distinct clusters, finance teams can gain insights into profitability drivers, optimize budgeting, and align resources to meet the unique needs of each segment effectively.

Accelerating Tailored User Experiences to Maximize Business Impact with OneStream Genesis

OneStream Genesis is a low code framework that makes it faster and easier to build, deploy and adopt new solutions for business challenges. With OneStream Genesis, customers can access and deploy pre-defined templates for:

  • Financial Planning and Reporting: Finance teams can quickly and easily deploy packages of highly personalized design artifacts into financial planning and reporting processes to support global, line of business functionally specific planning processes.
  • Operational Planning & Analytics: Operational FP&A and Controller teams can bring transactional analytics and easily collaborate across sales, workforce and demand forecasts
  • Global KPI Dashboards: CFOs can access pre-packaged dashboards of micro-UIs that display KPIs for regions, departments or product lines. Each KPI can be updated independently, allowing rapid adjustments based on real-time data.
  • Advanced Visualizations: Finance groups can easily deploy packages of purpose-built visualizations such as line, area, range, bubble charts and radar waterfall, maps and gauges directly into financial and operational reporting deployments.

Why OneStream Sensible AI is Different

OneStream's Sensible AI is intended to transform how Finance teams leverage purpose-built AI to navigate today's complex business landscape with trusted, secure and purpose-built solutions. Unlike tool sets, OneStream's Sensible AI is purpose-built for finance, offering pre-packaged solutions that seamlessly integrate into existing finance workflows and provide full transparency into data sources to ensure reliability and uphold enterprise-grade security measures. This allows finance teams to leverage the power of AI without needing tech experts or data scientists. To learn more about OneStream's Enterprise AI Portfolio, visit here.

The OneStream Wave Developer Conference connects developers, implementors and administrators to grow the community and collaborate on design techniques. For more information visit here.

About OneStream

OneStream is how today's Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It's the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.

We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.

With over 1,500 customers, including 15% of the Fortune 500, more than 250 go-to-market, implementation, and development partners and over 1,400 employees, our vision is to be the operating system for modern finance. To learn more, visit onestream.com.

Contacts
MEDIA CONTACT
Jaclyn Proctor
Media Relations Contact
OneStream
media@onestreamsoftware.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/onestream-sensible-ai-library-and-onestream-genesis-to-improve-the-strategic-impact-of-the-office-of-the-cfo-302303130.html

SOURCE OneStream, Inc.

FAQ

What new products did OneStream (OS) announce at the Wave Developer Conference?

OneStream announced two new products: the Sensible AI Library, offering pre-built AI models for financial workflows, and Genesis, a low-code framework for building and deploying customized solutions.

What are the key features of OneStream's (OS) Sensible AI Library?

The key features include data quality management, anomaly detection and fraud prevention, expense optimization, and segmentation analysis for financial data.

How does OneStream Genesis benefit finance teams?

Genesis provides pre-defined templates for financial planning and reporting, operational planning & analytics, global KPI dashboards, and advanced visualizations, making it faster and easier to build and deploy new solutions.

OneStream, Inc.

NASDAQ:OS

OS Rankings

OS Latest News

OS Stock Data

7.41B
28.22M
1.46%
84.91%
0.78%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
BIRMINGHAM