What are "Dynamic Hierarchies" used for in OneStream?

Dynamic Hierarchies in OneStream are utilized to enable flexible reporting and analysis structures, which is essential for organizations that need to adapt their reporting to various dimensions and perspectives. These hierarchies allow users to create custom and adaptable reporting frameworks that can change depending on the analysis being performed or the specific business requirements at any given time. This flexibility means that users can pivot their reports or analysis quickly in response to changing business needs, making it easier to provide insights that are relevant and actionable.

The use of dynamic hierarchy structures supports users in organizing data in a way that aligns with their analytical objectives, rather than being limited to rigid, pre-defined paths. This adaptability is crucial for strategic planning and informed decision-making processes within an organization. As a result, employing dynamic hierarchies fosters a more comprehensive understanding of data subsets that are crucial for financial analysis and performance management.