Market Perspectives

The 16th annual Ventana Research Digital Leadership Awards recognize enterprises and individuals that utilize technology to advance business and IT. The Digital Leadership Awards showcase the professional leadership and their use of business applications or technology that contribute significantly to improved efficiency, productivity and the performance of their enterprise. This prestigious award recognizes leaders and pioneers who have contributed to their enterprise’s success and championed improvements across their people, processes, information and technology. 

Ventana Research has awarded Polaris using OneStream its prestigious 2023 Office of Finance Digital Leadership Award. This award recognizes the individual, enterprise and technology that best exemplify leadership in applications supporting the Office of Finance. All award finalists in the Office of Finance expertise area were considered for this award. 

After a decade of limited technology innovation, the office of finance computing landscape now is experiencing significant transformation. This shift can be seen in areas including ERP, accounting and financial performance management applications like budgeting, closing and planning applications that now are readily available for licensing through subscription and in the cloud. In-memory computing and big data infrastructure make it easier to process larger volumes of data as well as identify risk and opportunities to improve results. “We’ve always done it this way” won’t do anymore. Finance organizations must adapt to the expanding potential from what technology is making practical. 

Ventana Research selected Polaris for the 16th Annual Office of Finance Digital Leadership Award for its finance transformation to support processes with a unified platform framework and use of machine learning to better predict future performance. Through expanded adoption of OneStream and Sensible ML, Polaris is able to produce forecasts in just hours. Its use of OneStream, the application of data science and machine learning provides the efficiency and insights for unifying forecasts with the financial planning process. 

Office of Finance is an area for an enterprise to go beyond transformation and work towards modernization and innovation. OneStream addresses the challenges of providing a financial platform that unifies forecasting with what is referred to as integrated business planning. Enterprises with the need to dramatically reduce time to forecast and accuracy of plans should consider OneStream Intelligent Finance Platform.  

Enterprises looking to maximize the value of business and technology investments across people and processes should consider how Office of Finance can optimize its digital potential. If you have not examined how OneStream can help your enterprise, it is well worth your time. Congratulations, Melanie Hermann and Polaris, for your leadership. 

Ventana Research, now part of ISG, offers expertise and research-based guidance to the Office of Finance designed to resolve process and people issues by addressing the underlying defects in technology and information. Through its understanding of the software provider landscape and technology trends, Ventana Research enables its clients to maximize substantial investments in technology for ERP, financial consolidation and reporting, budgeting and planning, price and revenue management, subscription management and finance analytics. Change is required to maintain competitiveness and enable financial resilience and enterprise readiness to achieve the outcomes your enterprise deserves.