Why are “audit trails” important in OneStream?

Audit trails are essential in OneStream because they log changes made to data and actions taken by users, which enhances accountability and transparency within the financial reporting process. This capability ensures that any modifications to financial data are recorded with details such as who made the change, what was changed, and when the change occurred.

This level of detail is crucial for organizations to maintain compliance with regulatory requirements and internal controls. It allows for thorough tracking of revisions over time, making it easier to identify errors, investigate discrepancies, and ensure that data integrity is upheld within the system. Furthermore, audit trails can assist in audits and financial reviews by providing a clear record of activities, reinforcing trust in the financial data reported by the organization.

The importance of audit trails extends to providing insights into user activities, which can help organizations manage permissions and access levels effectively, ensuring that only authorized personnel make critical changes to financial data.