What does OneStream use to assist in complex data analysis?

OneStream utilizes user-defined calculations to enhance complex data analysis. This feature allows users to create custom calculations tailored to their specific business requirements, facilitating in-depth analysis of financial and operational data. User-defined calculations are particularly beneficial for organizations that need to apply unique methodologies or formulas to interpret their data comprehensively, enabling them to derive insights that standardized calculations might not provide.

The ability to define calculations ensures that users can model scenarios, perform "what-if" analyses, and adapt their approach as their business needs evolve. This flexibility is crucial in dynamic environments where financial metrics can shift rapidly due to market changes or internal strategic decisions.

In contrast, reporting templates and standardized reports offer pre-designed formats and structures for presenting data, but they lack the customization needed for advanced analytical needs. Simple data entry forms focus on straightforward data collection rather than complex analysis, which can limit the depth of insights gathered. Therefore, the use of user-defined calculations is a vital component in conducting sophisticated analyses within OneStream, leading to more nuanced understanding and interpretation of a business’s financial landscape.