- OneStream's financial intelligence platform gives clients quick and usable insights into their finances.
- The Michigan-based company has seen more robust growth during the pandemic because it forced companies to find new and faster ways to evaluate their finances.
"When COVID hit, everybody's financial plans were garbage," OneStream CEO Tom Shea told Business Insider. "They were useless at that point and what happened is, you couldn't wait 30 days or a quarter to get the next plan out. You need to, all of a sudden, collapse it to a day, to realize where you are."
- OneStream raised $500 million from KKR last year, and looking to go public in 2022.
- Here's the pitch deck the company used to raised funds from KKR and to highlight its momentum to clients and investors.
- Visit Business Insider's homepage for more stories.
Being able to quickly make sense of massive amounts of financial data is now a key strength for any business and OneStream entered the data intelligence market eight years ago with software that can rapidly give corporations usable insights into their finances.
That need has become more pronounced in the pandemic, which upended the global economy and sent companies scrambling to get a clear idea of how their businesses fared, OneStream CEO Tom Shea told Business Insider. The crisis has led to faster growth at the Michigan-based company, which is now eyeing an IPO as early as 2022, he said.
"When COVID hit, everybody's financial plans were garbage," he told Business Insider. "They were useless at that point and what happened is, you couldn't wait 30 days or a quarter to get the next plan out. You needed to, all of a sudden, collapse it to a day, to realize where you are."
The firm, which is now valued at more than $1 billion with about 650 employees, had been on a roll before the coronavirus crisis, signing big clients including UPS, Costco and Subway.
The company had been bootstrapped since it launched in 2012, but last year it raised $500 million from KKR. It recently posted a 160% year-over-year sales growth in the third quarter of the year.
Shea has been using an updated version of the pitch deck he used to raise funds from KKR to explain OneStream's products to clients and investors as it prepares to go public.
"When we look at this pitch deck, this is the type of conversation that I have with CFOs, and with investors in showing that we're connected to this problem," he said. "We are about financial intelligence."
Here's the updated pitch deck OneStream is using as it moves toward an IPO:
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