Select the Financial Close Location and Create a Development Application

Before beginning the installation, decide if you want to build the solution in the Production OneStream application or in a separate Development OneStream application. This section provides some key considerations for each option.

Production OneStream Application: If you build the solution in a Production application, you will not have to migrate the resulting work from a Development application. However, there are intrinsic risks when making design changes to an application used in Production, so this option is not advised.

NOTE: OneStream strongly recommends that you implement the solution in the Development environment with a fresh copy of the Production application before starting work.

Development OneStream Application: As a best practice, use the Development OneStream application to build the solution.

To create the Development application:

1. Ensure all the OneStream artifacts relating to OneStream Financial Close such as Workflow Profiles and Entities are in the Production application.

2. Create new Scenarios as necessary for the individual solutions, to be used with OneStream Financial Close.

   NOTE: Scenarios for both actuals and OneStream Financial Close solutions must be set to monthly for this to work properly.

3. Copy your Production OneStream application to your Development environment and rename it. This Development version will be used for your OneStream Financial Close project.