How does OneStream facilitate compliance with financial regulations?

OneStream ensures compliance with financial regulations primarily through its robust reporting features that are designed to adhere to widely recognized accounting standards, such as Generally Accepted Accounting Principles (GAAP), International Financial Reporting Standards (IFRS), and others. These reporting frameworks are critical for organizations as they provide the guidelines for preparing financial statements, ensuring transparency, consistency, and comparability across financial reporting.

By structuring its reporting functionalities around these established standards, OneStream equips users with the necessary tools to generate accurate and compliant financial reports, ultimately reducing the risk of regulatory scrutiny and enhancing the credibility of the financial information presented. This compliance is vital for organizations operating in multiple jurisdictions, where adherence to different accounting standards is required.

Moreover, focusing on established reporting standards ensures that organizations can easily meet external audit requirements, investor expectations, and regulatory demands, streamlining the overall reporting process and bolstering stakeholder confidence in financial reporting.