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, 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, Managing 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.
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