What aspect of financial data does OneStream focus on during consolidation?

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OneStream emphasizes validation checks and business rules during the consolidation of financial data to ensure the accuracy and integrity of financial reporting. This aspect is crucial because financial consolidation involves aggregating data from various sources, which can introduce inconsistencies and errors.

Validation checks ensure that data conforms to set standards and that calculations are accurate. They can include checks for data completeness, consistency among different data sets, and adherence to established accounting principles. Business rules in OneStream can be customized to reflect the unique needs of an organization, allowing for tailored data validation processes that enhance financial accuracy and compliance.

This focus on validation and rules helps organizations maintain high data quality throughout the consolidation process, ultimately leading to more reliable financial reports for stakeholders.

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