OneStream is expanding its presence among US federal administrations. The software provider has announced the listing of its Digital Finance Cloud platform on the Financial Management Quality Service Management Office (FM QSMO) marketplace, a program affiliated with the US Treasury Department. This listing gives federal agencies easier access to the solution.
A new access channel for federal administrations
Through this listing, US public-sector organizations can now acquire OneStream by relying on the General Services Administration (GSA) procurement procedures. The program is intended to simplify purchasing processes and provide finance teams with an established procurement framework.
Its presence on the FM QSMO marketplace is part of efforts to modernize federal financial management. It enables OneStream to strengthen its positioning among administrations seeking to evolve their management tools and financial processes.
A platform for centralizing financial management
The solution offered is OneStream Digital Finance Cloud, a cloud platform incorporating artificial intelligence capabilities and holding a FedRAMP High authorization.
It is designed to bring together budget data, financial results and reporting activities in a common environment. Administrations can therefore rely on a unified system to automate several operations, including budget execution, financial planning, PPBE (Planning, Programming, Budgeting and Execution) processes, close processes and report production.
The objective is also to reduce dependence on legacy systems and Excel files, which are often used to consolidate financial information. By centralizing data and automating certain tasks, teams can devote more time to analyzing results and supporting decision-making.
Security at the heart of the program
The FedRAMP High authorization level is an important element of this announcement. This framework governs the use of cloud services by US federal administrations and addresses high-level data security requirements.
With this listing, OneStream aims to offer public-sector organizations an environment suited to their regulatory and operational constraints, while facilitating access to its financial management capabilities.
This initiative marks a new stage in OneStream's development within the US public sector, where modernizing financial systems and ensuring data reliability are important challenges.
source: OneStream
