How is “consolidated reporting” achieved in OneStream?

Consolidated reporting in OneStream is achieved by aggregating data across entities. This process involves compiling financial data from various subsidiaries or business units into a single, coherent view, which allows for accurate and comprehensive financial reporting. The ability to effectively consolidate data is essential for organizations that operate with multiple entities, as it ensures that all relevant financial information is captured and that stakeholders have access to a unified set of data for analysis and decision-making.

This feature supports the overall management reporting process by enabling users to see consolidated results that reflect the performance of the entire organization, rather than just individual components. The aggregation process considers multiple dimensions of data, such as time periods and accounts, ensuring that the final reports are both accurate and insightful.

Other options do not directly achieve consolidated reporting. For instance, visualizing data trends relates more to the presentation of data rather than the foundational process of combining it from different sources. Eliminating manual data entry streamlines processes but does not specifically address how data consolidation occurs. Generating summary reports is a result of the consolidation process but does not itself accomplish consolidation. Thus, the aggregation of data across entities is the critical mechanism that enables effective consolidated reporting within OneStream.