Process Control allows an HFM user to review, promote, submit, approve, and reject financial data. Process units organize data, which is defined by the combination of Scenario, Year, Period, and Entity. The review cycle in Process Management allows the data to move through a series of process states.The promotion of the data can be done within FDM, after the submission of the data through the four fish process. Within HFM, there is a Process Control module from which the status of the process units can be viewed or managed. There are filters, which allow for the viewing of entities at the various stages. Reports can be generated, as well, in FR (Financial Reporting Studio) where you can display the Process Level of each of the entities that you have listed in the report.
This video demonstrates How to Manage Review Cycle Using Process Management in oracle HFM:
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