BIRMINGHAM, Mich.–(BUSINESS WIRE)–OneStream, a leader in corporate performance management (CPM) solutions for the world’s leading enterprises, announced today expanded capabilities for its Sensible ML solution which increases machine learning (ML) forecasting transparency and explainability of key business drivers. The solution is now available to both existing OneStream SaaS customers as well as prospective OneStream customers. Sensible ML is a time series ML solution that integrates with existing planning processes to drive improved forecasting accuracy and efficiency. These expanded capabilities provide additional transparency and trust for users while increasing agility, time to value and enterprise value associated with operational planning processes.
This expanded release addresses OneStream customers’ rapidly expanding need to align financial planning with operational planning processes such as Sales Planning, Demand Planning and Sales & Operations Planning (S&OP). OneStream customers with existing planning solutions can leverage Sensible ML to drive improved forecasting accuracy and efficiency while seamlessly integrating it into their planning, reporting and dashboard processes.
“OneStream views the opportunity for AI no differently from core CPM processes – AI must be unified to core processes if it’s going succeed,” said Tom Shea, CEO at OneStream. “Traditional CPM tools offer the same challenges they always do. They are fragmented, require data movement and maintenance behind the scenes and do not contain actual ML modeling capabilities. Our expanded Sensible ML release allows users to align financial and operational planning across the enterprise, with enhanced capabilities for leveraging external data to further drive transparency and understanding of key business drivers while seamlessly integrating it into their existing CPM processes.”
Sensible ML helps organizations evolve enterprise planning processes by making ML forecasting easy and intuitive for FP&A teams and operational analysts. Key capabilities of the expanded Sensible ML release include:
- Feature Library: Automatically graft external data sources into your Sensible ML project, including maritime container indices, Covid case rates, interest rates, CPI, stock prices, weather and more.
- Prediction Intervals: Set predictions intervals at 95%, 90%, 85%, to quantify the level of certainty around the Sensible ML point forecast for a given target and model.
- Feature Impact: Quantify how influential every feature during training and production for every target and model.
- Prediction Explanations: For any target, model, forecast date, quantify how much each feature negatively or positively influences the forecast from the model’s average forecast.
- Feature Generalization: Quantify how useful a feature is across the entire project’s target portfolio.
- New Consumption Exports: Export feature impact, prediction explanations, and predictions intervals to easily visualize these capabilities in downstream business planning solutions.
- New Data Visualizations and Advanced Data Views: Provide deeper insights and transparency into forecast drivers to help improve model confidence, accuracy and explainability.
Early adopting customers highlight the speed to value and increased accuracy of sales and demand forecasting with Sensible ML, making it a standout solution among competitors.
“The ability to quickly generate driver-based forecasts is essential to adapting to our changing business conditions,” said Melanie Hermann, Director, Finance Process & Systems at Polaris Industries. “Incorporating AI into our planning and forecasting through the OneStream Sensible ML solution accelerates the forecasting process and further elevates it with powerful ML data-driven forecasts. Sensible ML forecasts have shown to be significantly more accurate, and the value-add dashboard provides the business users insights into the key features driving the forecast to easily manage, improve and enhance the model.”
Robert Kugel, Senior Vice President and Research Director at Ventana Research, commented, “OneStream is at the forefront in applying AI to provide a sophisticated but usable methodology to improve forecasting and planning. Its approach looks promising, especially in its ability to establish trust and demonstrating a lack of bias in recommendations, which are essential to acceptance of this technology. Transparency is a must so, for example, OneStream provides built-in techniques such as back testing models to demonstrate to users how well a model would have performed in the past.”
To learn more, join our webinar to experience how OneStream’s Sensible Machine Learning brings the Power of AI to FP&A: https://onestreamsoftware.com/events/tl-sensible-ml-23mar2023/.
About OneStream Software
OneStream Software provides an intelligent finance platform built to enable confident decision-making and maximize business impact. OneStream empowers Finance and Operations teams with insights to make faster and more informed decisions every single day. We unleash organizational value by unifying data management, planning, reporting, analytics, financial close and consolidation. All through a single, modern corporate performance management (CPM) platform designed to continually evolve and scale with your organization.
OneStream is an independent software company with over 1,100 customers, 230 implementation partners and nearly 1,300 employees. Our primary mission is to deliver 100% customer success. To learn more, visit www.onestream.com.