OneStream’s government community cloud now meets one of the most rigorous and strictest safety standards for all levels of government
OneStream, 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, 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.
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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 It enables federal agencies to transition from outdated legacy IT systems to secure cloud-based solutions.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.”
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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.
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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
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Source – Businesswire
