What is the function of “pre-reporting” in the OneStream context?

In the context of OneStream, “pre-reporting” serves the critical function of validating and ensuring data accuracy before it is formally reported or submitted. This phase involves checking the integrity of the data, ensuring that it adheres to the necessary standards and protocols, and confirming that it is complete and reliable for stakeholders. By validating data during the pre-reporting stage, organizations can identify discrepancies or errors that need to be addressed, thus preventing issues that could arise if inaccurate data were to be reported.

This process serves as a safeguard, providing confidence that the final data being reported is accurate and reflects the true state of the organization's financial position. As a result, the focus during the pre-reporting phase is primarily on data accuracy, making it an essential step in the overall reporting timeline within OneStream.