About Entities

Entities typically match your organization’s structure, such as geographical regions, departments, or divisions. Create entity members for groups that submit plans for approval. Entity members help define budget review, or approvals.

See Managing Approvals.

For example, you may have regional centers preparing budgets for country headquarters. The country headquarters may prepare plans for corporate headquarters. To match this structure, create members for the regions, countries and headquarters. Specify regions as children of country members, and country members as children of headquarters.

Forms support multiple currencies per entity, enabling data entry for multiple currencies and reporting against one currency. However, the application supports a base currency for each entity. You can set the currency for entered values, which are converted to other currencies having defined exchange rates.