Rochester, Michigan-based software company OneStream Software LLC recently announced the opening of its third Asia-Pacific regional office in Singapore.
The Singapore office further increases OneStream’s presence in the Asia-Pacific region, according to a press release.
“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,” Thomas Palmer, OneStream’s managing director of Asia-Pacific operations, said in the release. “With a unified, scalable solution, OneStream is well-positioned to address those challenges on a global level.”
Palmer added that hundreds of organizations worldwide have switched from multiple legacy CPM applications, cloud point solutions and spreadsheets to his company’s unified intelligent finance platform.
“We look forward to working with APAC enterprises of all sizes, and across industries, to maximize 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,” Palmer said.
The opening of the Singapore office comes on the heels of a successful third quarter for the corporate performance management software provider, which was founded a decade ago.
According to the release, OneStream experienced a 40% boost in its customer base and an 88% increase in Annual Recurring Revenue (ARR).
Taking up residence at Singapore’s Frasers Tower, OneStream’s latest APAC branch will prioritize a customer base across Southeast Asia and focus on strengthening its collaboration with its 200 global implementation partners.
“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,” Darshana Sanghavi, managing director, AMCO Solutions, APAC, said in the release. “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 organization looking to carry out finance transformation with the best CPM solution.”