The AI revolution is coming to finance teams everywhere with OneStream’s new platform. The company has launched “Splash,” an AI platform that could change how finance teams work. This new tech aims to make financial tasks easier and smarter.
OneStream’s Splash combines AI with financial operations in ways we haven’t seen before. It helps with things like forecasting, reporting, and planning that normally take finance teams hours or days. The platform can understand and learn from financial data to make better predictions.
“Finance teams spend too much time collecting data and not enough time analyzing it,” says Tom Shea, CEO of OneStream. “Our AI platform changes that by automating routine tasks and giving finance professionals more time for strategic work.”
What makes Splash different is how it works specifically with financial information. Unlike general AI tools, it understands accounting rules, financial reporting standards, and business planning processes. This means it can help with complex financial tasks without making the mistakes a general AI might make.
For example, the platform can look at past spending patterns and suggest future budgets. It can spot unusual transactions that might need attention. It can even help explain financial results in simple language for reports to company leaders.
Companies testing the platform have reported saving many hours each month on tasks like closing the books, budget planning, and financial reporting. One company said they cut their monthly closing process from five days to just two.
But the change isn’t just about saving time. The real value comes from giving finance teams more time to focus on helping the business make better decisions. Instead of spending hours gathering numbers, they can spend that time thinking about what those numbers mean for the company’s future.
“AI in finance isn’t about replacing people,” explains Mike Olson, OneStream’s Chief Product Officer. “It’s about making them more powerful by handling the routine work so they can focus on strategic thinking.”
Of course, whenever AI enters a professional field, people worry about jobs. OneStream argues that Splash will change finance jobs rather than eliminate them. Financial professionals will need to learn new skills to work alongside AI, but their experience and judgment will remain essential.
The platform includes several security features to protect sensitive financial data. OneStream has built in controls to make sure the AI follows accounting rules and company policies. This addresses one of the biggest concerns finance leaders have about using AI.
Splash arrives as many finance departments face pressure to do more with less. Economic uncertainty has companies looking for ways to cut costs while still getting better financial insights. AI tools like this one promise to help solve that challenge.
OneStream isn’t alone in bringing AI to finance. Other companies like Workday, Oracle, and SAP are developing similar tools. This competition will likely lead to rapid improvements in these technologies over the next few years.
For businesses interested in trying Splash, OneStream offers a phased approach to adoption. Companies can start with simpler applications before moving to more complex uses. This helps finance teams build trust in the technology gradually.
The biggest challenge for most organizations won’t be the technology itself, but changing how people work. Finance departments have established processes that may be hard to change. Success with AI will require both good technology and good change management.
As these AI tools become more common in finance departments, we’ll likely see new kinds of financial roles emerge. People who understand both finance and how to work effectively with AI will be especially valuable.
The finance AI revolution is just beginning, but platforms like Splash show where things are headed. Finance teams of the future will likely be smaller but more strategic, with AI handling much of the routine work while human professionals focus on decision-making and strategy.
