The Data Flow Blog by CFO Solutions

A Recap of OneStream Splash 2024 in Las Vegas

Written by Matt Bzdel | May 31, 2024 at 7:58 AM

We're back from OneStream Splash Las Vegas 2024 and we can't wait to share everything we’ve learned from the event. As sponsors of Splash – and as a OneStream Diamond partner - we got to be front and center at Splash, rubbing shoulders with best and brightest OneStream experts as well as sharing our own insights.

In this recap, we'll take you through all the insights we gained from Splash, including a deep-dive into a case study we presented with our client Doyon, Limited. Additionally, we’ll talk about the trends we saw that will continue to define OneStream in 2024. So, whether you were there with us at Splash 2024 or not, keep reading for all the details from the event.

Event Recap 

From enlightening keynotes to breakout sessions, and from inspiring speeches to social events, there was never a dull moment. Here's a closer look at the highlights and key takeaways that we took away from Splash.

1. Vision Keynote

Our team found the Vision Keynote to be very engaging, showcasing everything from next-generation user experience enhancements to game-changing advances in OneStream’s AI and Analytics. It was a deep dive into the future of corporate performance management, and we were thrilled to see the innovative direction OneStream is taking. The emphasis on user experience and the power of AI and Analytics in finance left us, and many others, excited about the possibilities.

 

2. Breakout Sessions

The breakout sessions at Splash 2024 were a goldmine of insights, particularly the client case studies that showcased the real-world impact of OneStream's solutions. Each case study was like a mini masterclass, offering a deep dive into the challenges faced by different organizations and the innovative ways in which OneStream's platform was used to overcome them.

These sessions painted a vivid picture of the versatility of OneStream's platform. We heard stories of how it was adapted to fit unique business needs, providing solutions that were both effective and efficient. From streamlining complex financial processes to enhancing reporting capabilities, the case studies highlighted the breadth and depth of OneStream's functionality.

These sessions left us with a renewed appreciation for the power of OneStream’s Unified Platform. They underscored the difference it's making in the world of corporate performance management, and left us excited about the possibilities that we can incorporate into our own work.

 

3. Keynote Speech by Erik Weihenmayer

One of the most memorable moments of Splash 2024 was undoubtedly the keynote speech by Erik Weihenmayer, a renowned adventurer and motivational speaker. Erik isn't just any adventurer - he's the first blind person to summit Mount Everest, a feat that many sighted people would find daunting.

Erik took us on a journey through his remarkable life story, sharing his experiences with humor, humility, and a sense of adventure that left us all inspired. He spoke about the challenges he faced, not just in climbing Everest, but in his everyday life as a blind person. His speech was a powerful message of resilience, determination, and the power of breaking barriers. He spoke about the importance of not letting obstacles, no matter how insurmountable they may seem, stand in the way of achieving our goals.

 

4. Splash Night Out with a Great Gatsby twist

The Great Gatsby themed Splash Night Out was the talk of the conference! The moment we stepped into the venue, we were transported back to the roaring 1920s. The attention to detail was incredible, from the jazz music that filled the air to the flapper dresses that added a touch of authenticity to the evening. Our team took the dress code seriously, and did a great job with their costumes.

 

5. Happy Hour at BrewDog

After a long and fulfilling day, our happy hour event at BrewDog was the perfect way to unwind. As we walked into the venue, we were greeted by a relaxed atmosphere and a great view over the Vegas Strip. The industrial-chic decor, coupled with the warm lighting, created a cozy and inviting space that was just right.

BrewDog's wide selection of craft beers was a definite crowd-pleaser, though what made the event truly special for us was getting to see our clients and connections at OneStream. It was great to see so many familiar faces from the conference, and send our thanks for spending the evening with us. It was a reminder of why we do what we do, and to keep up our great work within OneStream.

 

Our breakout session with our client Doyon, Limited

We’re biased, but the highlight of our time at Splash 2024 was the speaker session led by our solutions architect, Tom Darnall. The focus was on how Doyon, Limited, one of our clients, has been driving extensibility into Alaska, aptly referred to as the last frontier.

Doyon, Limited has been leveraging more than 50 extensible cubes, accounts, and UD dimensions. This approach provides a common framework for reporting across their operations. But what's really cool is that it also allows each of their 35+ entities the flexibility to work with their own unique structures. This balance between standardization and customization is a game-changer, ensuring efficiency while respecting the individual needs of each entity.

But our client didn't stop there. They took the standard Blueprint’s flow dimension and extended it to create a comprehensive cash flow. This facilitates reporting and analysis by location, providing a granular view of their financial operations.

And the icing on the cake? Doyon, Limited’s use of Extensible documents, cube view extenders, and XFBR rules. With these tools, they're able to produce board-quality, 200+ page report books in mere seconds. It's a testament to the power of extensibility and a great example of how our solutions can drive efficiency and quality in financial reporting.

We want to commend Sean and Tom for taking a very complicated topic and breaking it down into an engaging and fun presentation, especially at 9AM the day after Splash Night Out. Well done to you both!

 

OneStream Trends in 2024

One of the key trends that emerged from Splash 2024 was the growing interest in OneStream's Close Management capabilities. This feature is designed to streamline and automate the financial close process, making it faster, more efficient, and less prone to errors. It's a powerful tool that can transform the way businesses manage their financial close, and it was clear from the discussions at Splash that more and more companies are recognizing its potential.

Our expertise in this area, particularly in converting BlackLine to OneStream for close management, was a topic of much interest. We've successfully helped numerous clients make this transition, leveraging our deep understanding of both platforms to ensure a smooth and seamless conversion. The result is a more integrated and efficient close management process that saves time, reduces risk, and provides better visibility into financial performance. We’ve got more information on upgrading your close management capabilities here!

Another trend that caught our attention was the continued rollout of OneStream's Sensible Machine Learning. This is a feature that uses machine learning algorithms to analyze data and generate insights, but with a twist. Unlike traditional machine learning, which often requires specialized knowledge to use effectively, OneStream's Sensible Machine Learning is designed to be accessible and usable for finance professionals.

It provides users with the tools to build, train, and deploy machine learning models within the OneStream platform, without needing to write code or understand complex algorithms. This makes it possible for finance teams to leverage the power of machine learning in their day-to-day work, from forecasting and planning to reporting and analysis.

The interest in OneStream's Sensible Machine Learning at Splash 2024 reflects a broader trend in the industry towards more accessible and user-friendly AI tools. It's a trend that we're excited about, and one that we believe will play a key role in the future of corporate performance management.

 

Conclusion

As we reflect on our time at OneStream Splash Las Vegas 2024, we're left with a sense of excitement for the future for the world of OneStream. We're already looking forward to Splash EMEA in Copenhagen later this year, and the new insights it will bring.

In the meantime, we invite you to explore our blog for more insights, updates, and reflections on the world of finance and technology.

 

 

 

About OneStream: OneStream Software is a leading provider of corporate performance management (CPM) solutions, simplifying complex financial operations for businesses worldwide. Their platform is designed to streamline processes, improve accuracy and deliver extensive insight into business performance. The annual OneStream Splash conference is a testament to their commitment to innovation and collaboration. Since its inception, Splash has grown into a large event, bringing together industry professionals, OneStream users, and thought leaders to share insights, learn about the latest trends, and explore the future of CPM.