OneStream has announced the preview of its Sensible AI Library and OneStream Genesis, aiming to enhance the strategic role of the CFO by refining financial workflows through the implementation of artificial intelligence solutions.
The Sensible AI Library is designed to assist developers in creating AI solutions with drag-and-drop features, enabling faster development time with pre-built AI models tailored specifically for finance teams. This new library intends to support CFOs and finance teams by automating core processes like planning and forecasting.
Tom Shea, CEO at OneStream, commented, "Increasing business pressures are forcing business leaders to look to Finance to help them navigate change and drive growth. Today's CFO must analyse 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."
The Sensible AI Library facilitates strategic decision-making by equipping users with pre-built AI models for seamless interaction with data across various financial workflows, such as planning, forecasting, closing, and reporting. It allows developers to leverage templated micro user interfaces (UIs) to customise analysis according to specific finance requirements without extensive coding knowledge.
Key features of the Sensible AI Library include data quality and integrity checks to prevent data issues that could impact financial processes, anomaly detection and fraud prevention, expense optimisation, and segmentation analysis that identifies profitability drivers and helps optimise budgeting.
OneStream Genesis, a low-code framework, complements these capabilities by allowing finance teams to configure data visuals and access templates for financial planning, reporting, and operational analytics rapidly. The Genesis framework is engineered to enable quicker adoption and deployment of solutions addressing business challenges.
Through OneStream Genesis, finance teams can access pre-defined templates to support specific financial planning and reporting processes, operational planning and analytics, and easily adaptable global KPI dashboards. Additionally, it includes advanced visualisations such as bubble charts and radar waterfall displays for enhanced reporting.
OneStream's Sensible AI is differentiated from general toolsets as it specifically targets finance workflows with integrated pre-packaged solutions that maintain data transparency and enterprise security standards. This design ensures that finance teams can utilise AI to tackle complex business issues without needing specialised technical skills.
By providing these AI and low-code tools, OneStream seeks to simplify and expedite finance-related decision-making and operational efficiency, thereby solidifying the strategic value of the CFO's office in the evolving economic landscape.
