What is the primary function of a Virtual Version in financial planning?

The primary function of a Virtual Version in financial planning is to pull data from multiple sources. Virtual Versions serve as a dynamic tool that helps organizations consolidate and analyze data across various inputs without physically modifying or duplicating any of the original data sources. This capability is particularly important in planning processes where real-time insights and comprehensive overviews are essential.

Virtual Versions allow financial planners and analysts to utilize up-to-date information from multiple systems or datasets, enabling them to perform analysis and generate reports that reflect the most current scenarios. By integrating various data streams, a Virtual Version provides a comprehensive and flexible view of the organization's financial landscape, which is crucial for informed decision-making.

Other alternatives like finalizing budgets, analyzing variances, or restricting data access pertain to different aspects of financial planning and management. While they are important components, they do not encapsulate the dynamic data integration capabilities provided by a Virtual Version.