How can OneStream assist organizations with budgeting?

OneStream assists organizations with budgeting by integrating budgeting processes with forecasting and actuals. This integration is crucial because it allows organizations to create a continuous financial planning environment where all relevant data is connected and aligned. This means that budgetary figures can be adjusted based on real-time performance data, leading to more accurate forecasts and better decision-making.

By linking budgets directly to the forecasts and actual financial performance, organizations can dynamically respond to changes in the business environment. This comprehensive approach helps in understanding how budgeted numbers hold up against real-world outcomes, enabling businesses to make informed adjustments and improve their financial planning.

The other choices do not represent the comprehensive approach that OneStream promotes for effective budgeting. Separate systems for budgeting and forecasting could create silos of information, leading to inconsistencies. Focusing only on historical data analysis risks neglecting future planning needs, while automating the submission of budget requests is only a small part of the broader budgeting process and does not capture the strategic integration that OneStream provides.