Compliance Solutions

OneStream XF 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• Reconcile between US GAAP and IFRS at any point in time and for historical reference

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
• Automatic archival of all supporting files and documents
• Document attachments and textual notations by cell, data unit or multiple data units are archived for material disclosures
• Supports SOX 302 and 404 certification questionnaires to identify financial process weaknesses prior to the OneStream XF consolidation process

OneStream's Reporting Compliance solution captures all the details for lease contracts and supports new Lease Accounting guidelines under IFRS16 and ASC 842.

• Solution can be downloaded and quickly implemented as an extension of financial consolidation and reporting
• Leverages the relational blending capabilities of OneStream XF to capture all of the applicable details for hundreds of lease contracts
• Calculate principal and interest vs. the lease payment, then generate the applicable journal entries to record and amortize the asset
• The journal adjustments can be loaded into OneStream or the GL
• Platform can be extended to address additional compliance requirements such as revenue recognition under IFRS 15/ASC 606