What is the primary benefit of multiple currencies support in OneStream?

The primary benefit of multiple currencies support in OneStream is that it allows reporting in various currencies. This feature enables organizations operating in different countries or regions to present financial data in the currency relevant to each location. By having the ability to report in various currencies, businesses can enhance the clarity and accuracy of their financial reporting and analysis, making it easier for stakeholders to understand performance across different markets. This capability is especially beneficial in global environments where transactions, revenues, and expenses occur in multiple currencies, thereby facilitating better decision-making and financial oversight.

While simplifying the user interface, limiting reports to a single currency, or eliminating the need for currency exchange rates may have their own advantages, they do not address the critical need for accurate and accessible financial reporting in different currencies, which is the core objective of supporting multiple currencies in financial systems like OneStream.