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• Reconcile between US GAAP and IFRS at any point in time and for historical reference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

Lease Accounting is an add-on solution available from our partner Agium EPM.   Leveraging the OneStream XF 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 XF to capture all of 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
• The journal adjustments can be loaded into OneStream or the GL
• The OneStream XF platform can be extended to address additional compliance requirements via the Reporting Compliance solution available for download from the XF MarketPlace.