What functionality does “forecasting” provide in OneStream?

Forecasting functionality in OneStream allows organizations to estimate future financial performance based on historical data, trends, and various assumptions. This capability is critical for financial planning and decision-making as it enables businesses to prepare for potential future scenarios and align resources accordingly. By incorporating modeling and analytical tools, organizations can project revenues, expenses, and cash flows, helping them create more accurate budgets and financial strategies.

The other choices, while related to different features of OneStream, do not pertain directly to forecasting. For instance, automating financial reporting processes is a function that streamlines how reports are generated and presented, which differs from forecasting. Similarly, retrieving historical financial data for analysis focuses on looking backward rather than estimating future performance, and managing user permissions is related to security and access control, rather than analyzing or planning financial outcomes. Thus, the forecasting functionality specifically centers around forward-looking financial estimations, making it the correct answer.