End-User and Developer Efficiencies in OneStream XF
Why spend time and money developing something that OneStream XF offers out of the box? Other software solutions require consulting expenses to develop a way to provide Finance with a TTM (Trailing 12 Month) P&L statement. Since they only provide Periodic, QTD, or YTD views as part of the out-of-the-box solution, this limits users to data views within the current year.
As part of the costly development of TTM, there is always testing, UAT, and rework, which only adds time and expense to the project timeline. The developer would have to build calculations, typically using up a Custom Dimension, and then apply the calculation to the P&L accounts.
With OneStream XF, a TTM P&L is one click away, as OneStream has incorporated TTM as a selection in the view dimension. Of course, OneStream XF offers the standard Periodic, QTD, and YTD views, but also includes many other selections out of the box.
The beauty of additional OneStream XF view dimension options is that once you have built a P&L, you can simply change your POV of the view dimension and see your report as a Trailing 12 Months report without building a separate one. In addition, if a Controller wants to report income statement accounts in a trailing 2-month, 6-month, and so on, those options are all available, from Trailing2MonthTotal through Trailing12MonthTotal.
Check back for more updates as we blog about additional software features and their efficiencies.
MindStream Analytics
Want to know more about how our consultants can help your Finance team? Please complete the form below and we’ll get back to you shortly.
