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Based in Golden, Colorado, Black Diamond Advisory is a global digital finance transformation firm that provides consulting, advisory, change management, and process automation services for corporate performance management. Operating as a recognized Diamond Level partner for OneStream software, the company integrates financial and operational data into interactive dashboards with real-time analytics for chief financial officers, controllers, IT departments, and business unit leaders. The firm has successfully scaled its operations to support more than 150 global clients across various sectors, generating approximately $28.5 million in total annual revenue. Following a $25 million funding round secured in September 2022 to expand its global reach, the organization grew its workforce to 135 employees under the guidance of key company executives including Damon Mittleider and Sherri Schraffroth. Black Diamond Advisory was founded in 2019 by Randy Werder and Carl Yost.
Black Diamond Advisory has raised $25.0M across 1 funding round.
Black Diamond Advisory has raised $25.0M in total across 1 funding round.
Black Diamond Advisory has raised $25.0M in total across 1 funding round.
Black Diamond Advisory's investors include Tercera.
Black Diamond Advisory is a global consulting firm specializing in digital finance transformation and corporate performance management (CPM), primarily as a top-tier OneStream Diamond Partner. It delivers services like financial transformation, change management, process automation, and tailored OneStream solutions—including tools such as Accordion Rolling Forecast, CapX for capital expense planning, and the BDA Utility Bundle for enhanced platform efficiency—serving Fortune 500 clients across sectors including manufacturing, hospitality, banking, healthcare, financial services, insurance, energy, private equity, and technology.[1][2][3][4][5] With a team of 135 employees generating $28.5 million in revenue, the firm emphasizes "Experts Only" hiring to drive 100% customer success through expert implementation, ongoing collaboration, and integration of finance and operational data into real-time analytics and interactive dashboards.[2][4][5]
Founded in 2019 and headquartered in Golden, Colorado, Black Diamond Advisory emerged from the recognition of OneStream's potential as a game-changing CPM platform to simplify business operations.[1][2] The firm was established by industry veterans from four of the largest OneStream CPM teams, pooling deep technical and functional expertise to pioneer innovative approaches rather than replicate existing ones.[5] Key milestones include winning the Innovator of the Year award, becoming the first partner to launch proprietary software on OneStream's marketplace, and heavy investment in top talent, which has fueled growth into a global operation across the U.S., Canada, and Europe.[2][4][5]
Black Diamond Advisory rides the digital finance transformation trend, capitalizing on the shift toward unified CPM platforms like OneStream amid rising demands for real-time analytics, automation, and agility in volatile markets.[1][2][5] Timing aligns with post-pandemic finance digitization, where sectors like manufacturing and healthcare face operational pressures, enabling the firm to streamline budgeting, forecasting, and reporting for Fortune 500 scalability.[1][4] Market forces favoring cloud-based CPM (e.g., against legacy systems) boost its position, while contributions to OneStream's ecosystem—via Solution Exchange innovations—influence broader adoption, empowering CFOs and IT leaders with actionable insights and setting standards for expert-led fintech consulting.[3][5]
Black Diamond Advisory is poised for accelerated growth through OneStream ecosystem expansions, with trends like AI-enhanced forecasting and multi-scenario planning amplifying demand for its utility bundles and managed services.[3][5] As global finance operations prioritize real-time data integration, the firm's "Experts Only" model and innovator status will likely expand influence, potentially capturing more private equity and tech clients amid rising CPM market consolidation. This positions it to evolve from implementation leader to indispensable strategic partner, revolutionizing operations as promised since its 2019 inception.[2]
Black Diamond Advisory has raised $25.0M across 1 funding round. Most recently, it raised $25.0M Series U in September 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Sep 1, 2022 | $25M Series U | — | Tercera | Announced |
