What will happen if a Time Dimension is not specified?

If a Time Dimension is not specified, the default Standard Time Dimension Definition will be utilized. This is a fundamental aspect of many data management and financial consolidation software systems, including OneStream. The Standard Time Dimension provides a predefined structure that supports common calendar-related data processing needs, such as fiscal periods and standard time intervals.

Utilizing a standard Time Dimension ensures consistency and reliability in reporting and analysis across the application. It allows users to automatically apply standard financial periods for comparative analysis and reporting, making it easier to track performance over time without additional configuration. This default behavior is designed to streamline processes for users who may not have specific custom requirements.

In contrast, if a custom Time Dimension were to be used, it would require a specific definition and setup that doesn't happen automatically in the absence of a specified Time Dimension. Therefore, relying on a default structure is both efficient and effective for the majority of standard use cases where a specific, tailored Time Dimension is not necessary.