OneStream Expands Presence in Asia-Pacific with Opening of Singapore Office

Singapore office marks third location in APAC within the year for CPM software provider

December 01, 2021 08:00 PM Eastern Standard Time

Birmingham, Michigan (December 2, 2021) (BUSINESS WIRE) – OneStream, a leader in corporate performance management (CPM) solutions for the world's leading enterprises, today announced its further expansion across Asia-Pacific with the opening of a Singapore office. OneStream's new Singapore office will be the third office for the organisation in the APAC region, enabling the company to extend its reach in the region and providing APAC customers and partners easier access to its industry-leading solution and world-class customer service and support. OneStream's APAC expansion comes on the heels of an impressive Q3 in which the company increased its customer base 40 percent year over year and reported 88 percent growth in Annual Recurring Revenue.

"We are excited to continue our APAC expansion and open our newest office in Singapore to assist APAC enterprises seeking to overcome the many complexities within their financial operations. With a unified, scalable, solution OneStream is well-positioned to address those challenges on a global level," said Thomas Palmer, Managing Director of Asia-Pacific Operations. "Over the last few years, hundreds of organisations around the world have transitioned from multiple legacy CPM applications, cloud point solutions and spreadsheets to OneStream's unified intelligent finance platform to optimise and streamline their financial close, consolidation, reporting, planning, forecasting, and analysis processes. We look forward to working with APAC enterprises of all sizes and across industries to maximise the value of their finance teams and provide leaders with strategic financial and operational insights that enable them to grow and evolve rapidly in the face of unprecedented challenges."

With residence currently in Frasers Tower at 183 Cecil Street Singapore, OneStream's latest office will be home to the region's pre-sales, sales, marketing, alliances and services team with a focus on supporting and expanding OneStream's customer base across the Southeast Asia region.

Additionally, the new office will support the expansion of OneStream's ecosystem of more than 200 global implementation partners which includes AMCO Solutions, James & Monroe, Leap Poder and Taysols that are already serving the Southeast Asia market.

"We implemented the first OneStream project in ASEAN over three years ago and now the rapid growth of OneStream in the Asia Pacific region will get an additional boost with the OneStream team opening their Singapore Office," said Darshana Sanghavi, Manging Director, AMCO Solutions, APAC. "We are delighted with this development as the combination of AMCO Solutions in the CPM market with OneStream's local presence provides an outstanding option for any organisation looking to carry out finance transformation with the best CPM solution."

The new Singapore office will enable OneStream to provide local support for its growing base of customers in the region, including Global Fashion Group. "Since we went live in 2020, the OneStream platform has become the central component in our group finance systems landscape. As we roll out further capabilities, it will play an ever more important part in supporting our growth. Southeast Asia is a key market for Global Fashion Group through our Zalora platform, so I am very happy to see OneStream continue to build its presence in the region," said James Petitt, Internal Controls and Finance Systems Manager at Global Fashion Group.

For more information on OneStream and the expansion into the Southeast Asia region, join the "Unleashing the True Value of Finance" virtual launch event on December 9: https://hubs.li/H0_rXFV0.

About OneStream

OneStream provides a market-leading intelligent finance platform that reduces the complexity of financial operations. OneStream unleashes the power of finance by unifying corporate performance management (CPM) processes such as planning, financial close and consolidation, reporting and analytics through a single, extensible solution. We empower the enterprise with financial and operational insights to support faster and more informed decision-making. All in a cloud platform designed to continually evolve and scale with your organisation.

OneStream is an independent software company with over 800 customers, 200 implementation partners and 900 employees, our primary mission is to deliver 100% customer success. To learn more visit www.onestream.com.