What is an important consideration when determining the use of Scenario Types?

When determining the use of Scenario Types in OneStream, it's crucial to consider the extensibility needs. Scenario Types refer to the different ways data is organized, managed, and analyzed within the platform. Each organization may have unique requirements for financial reporting, budgeting, forecasting, and consolidation based on their specific business processes and objectives.

Extensibility refers to the ability to adapt and customize the system to meet changing business needs. This can include the ability to add new scenario types for different aspects of financial performance, integrate additional data sources, or modify existing scenarios to reflect updated organizational practices. By focusing on extensibility needs, organizations can ensure that their OneStream implementation remains flexible and capable of evolving as requirements change over time.

Other considerations might include user access levels, which pertain more to security and permissions than to the overall structure of scenario types. Similarly, the cost of implementation is an important factor but does not directly relate to the strategic relevance of scenario types themselves. Data type variance, while it may influence how data is handled, does not engage directly with the way scenario types are categorized and utilized in the application.