Financial Management Introduction › Processes for Financial Management

Processes for Financial Management

You can create processes to automate certain financial management tasks.

The following are some examples of tasks you can automate:

• Approve or reject budget plans associated with your cost plans.
• Notify project managers and team members of assigned action items.

Best Practices:

• Define your start condition clearly for auto-starting transaction line-related processes. The start condition can accidentally launch several unwanted processes.
• Defining a process to set the partition of a cost plan is unnecessary as cost plans inherit the partition of the investment to which they belong.