Support Global Reporting Requirements

OneStream supports US GAAP, IFRS and local statutory reporting requirements with built-in financial intelligence.

Reduce Costs of Compliance

Support Sarbanes-Oxley requirements with strict process controls, complete transparency and certification questionnaires.

Get Ahead of New Guidelines

Capture required details, perform accurate calculations and reporting for new requirements such as revenue recognition, lease accounting and more.

Global Reporting Capabilities

• OneStream supports US GAAP, IFRS and local statutory reporting requirements with standard, defined and repeatable processes for financial data collection and consolidation.
• The ability to produce financial statements that meet GAAP, IFRS and local statutory accounting requirements.
• Maintains all audit trails and adjustments to enable a conversion from US GAAP to IFRS standards.
• Reconcile between US GAAP and IFRS at any point in time and for historical reference.

Strict Process Controls

• Support Sarbanes-Oxley (SOX) and other compliance requirements with strict process controls, complete transparency and certification questionnaires.
• Data and process certification and sign off.
• Audit trails from 10K/10Q to GL source account and GL trial balance report or file.
• Supports SOX 302 and 404 certification questionnaires to identify financial process weaknesses prior to the OneStream consolidation process.

Lease Accounting Solution

• Lease Accounting is an add-on solution available from our partner AMCO Solutions. Leveraging the OneStream platform, the solution supports new Lease Accounting guidelines under IFRS16 and ASC 842.
• The solution can be implemented as an extension of financial consolidation and reporting.
• Leverages the relational blending capabilities of OneStream to capture all the applicable details for hundreds of lease contracts.
• Calculates principal and interest vs. the lease payment, then generate the applicable journal entries to record and amortize the asset.