OneStream Achieves the Highest Level of Federal Security Compliance with FedRAMP High Authorization

Rhea-AI Summary

OneStream (NASDAQ:OS) has achieved the prestigious Federal Risk and Authorization Management Program (FedRAMP) High authorization status, certifying that its government community cloud meets the federal government's most stringent safety standards for sensitive, unclassified data in cloud computing environments.

This advancement from FedRAMP Moderate (achieved in 2018) to High authorization in January 2025 positions OneStream as a leading security-compliant enterprise Finance management platform. The company has also completed System and Organization (SOC) 1 Type II and SOC 2 Type II reports, further demonstrating its commitment to platform security.

According to OneStream's Finance 2035 research, 73% of public sector finance leaders report increased expectations on CFOs in recent years, with the same percentage believing risk mitigation will be a higher priority than growth or efficiency by 2035.

Positive

• Achieved highest federal security compliance (FedRAMP High) enabling access to sensitive government contracts
• Upgraded from FedRAMP Moderate to High authorization, expanding market opportunities in government sector
• Completed additional security certifications (SOC 1 Type II and SOC 2 Type II) strengthening market position

Negative

• None.

Insights

Financial Analyst

OneStream's achievement of FedRAMP High authorization represents a significant competitive advantage in the government sector financial software market. This certification—the most rigorous federal security standard—effectively expands OneStream's total addressable market by enabling the company to serve federal agencies that handle highly sensitive, unclassified data.

This authorization builds upon OneStream's existing FedRAMP Moderate status (held since 2018) and represents a strategic capability upgrade. Federal agencies are increasingly prioritizing risk management, with 73% of public sector finance leaders citing it as a higher priority than growth or efficiency by 2035, according to the company's research.

From a competitive standpoint, this certification creates a meaningful barrier to entry. The FedRAMP High authorization process is notoriously rigorous, requiring substantial investment in security infrastructure and compliance processes. This positions OneStream to potentially capture market share in high-security federal environments where legacy financial systems are being modernized.

The company's unified platform approach—combining financial close, consolidation, reporting, planning and forecasting functions—aligns well with the government's need to streamline operations while maintaining strict security protocols. The additional SOC 1 Type II and SOC 2 Type II certifications further demonstrate OneStream's commitment to comprehensive security compliance.

While immediate revenue impact isn't quantifiable, this certification removes a critical barrier to competing for contracts with agencies requiring the highest security level—potentially expanding OneStream's government business over time as federal procurement cycles progress.

OneStream's government community cloud now meets one of the most rigorous and strictest safety standards for all levels of government

BIRMINGHAM, Mich., March 20, 2025 /PRNewswire/ -- OneStream, Inc. (NASDAQ:OS), the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core finance and operational functions – including financial close, consolidation, reporting, planning and forecasting, today announced that it has achieved Federal Risk and Authorization Management Program (FedRAMP) High authorization status. This authorization certifies that OneStream's government community cloud meets the federal government's strictest safety standards and is authorized for use by federal entities that require the highest level of security for the government's most sensitive, unclassified data in cloud computing environments.

FedRAMP^® is a U.S. government-wide program that provides a standardized approach to security assessment, authorization and continuous monitoring for cloud products and services. It enables federal agencies to transition from outdated legacy IT systems to secure cloud-based solutions. FedRAMP High is the program's most rigorous authorization, accounting for the government's most sensitive, unclassified data.

"Finance teams across government are under increasing pressure to deliver greater efficiencies amid rapid organizational changes," said Tom Shea, CEO at OneStream.  "Our FedRAMP High Authorization status positions us as the gold standard for security and compliance in this space, allowing Finance leaders to streamline operations, enhance transparency and unify data to navigate the complexity that comes with legacy systems and evolving processes and budget changes. We are committed to ensuring that Finance leaders across this sector have the technology they need to become more strategic."

This authorization comes at a pivotal time as federal finance leaders take on increasingly strategic roles in a rapidly evolving landscape. According to OneStream's Finance 2035 research, nearly three-quarters (73%) of public sector finance leaders report that expectations on CFOs have multiplied in the last three to give years. Additionally, risk management is at the top of their agenda, with 73% of all public sector leaders believing that in 2035, risk mitigation will be a higher priority for other organizations than growth or efficiency.

The OneStream platform has been FedRAMP authorized since 2018, initially achieving FedRAMP Moderate authorization. In January 2025, it advanced to FedRAMP High authorization. Additionally, OneStream completed System and Organization (SOC) 1 Type II and SOC 2 Type II reports, demonstrating its commitment to platform security and compliance.

For more information about OneStream and its FedRAMP High authorization, visit the FedRAMP Marketplace.

To learn more about how OneStream empowers agencies to streamline financial management, budget and reporting, click here.

About OneStream

OneStream is how today's Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It's the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.

We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.

With over 1,600 customers, including 17% of the Fortune 500, more than 300 go-to-market, implementation, and development partners and over 1,500 employees, our vision is to be the operating system for modern finance. To learn more, visit onestream.com.

MEDIA CONTACT
Jaclyn Proctor
Media Relations Contact
OneStream
media@onestreamsoftware.com

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SOURCE OneStream, Inc.

FAQ

What does OneStream's FedRAMP High authorization mean for government agencies?

It certifies OneStream's cloud platform meets the highest federal security standards for sensitive unclassified data, enabling government agencies to safely modernize their financial systems.

When did OneStream (OS) receive its FedRAMP High authorization status?

OneStream received FedRAMP High authorization in January 2025, upgrading from its previous Moderate authorization obtained in 2018.

What security certifications does OneStream (OS) currently hold?

OneStream holds FedRAMP High authorization, SOC 1 Type II, and SOC 2 Type II certifications.

What percentage of public sector finance leaders report increased CFO expectations according to OneStream's research?

73% of public sector finance leaders report that expectations on CFOs have increased in the last three to five years.