I have to remodel our Budget application because a lot of our processes have changed since we built it with the Pigment team 😊
Can you please share with me your best practices for building such applications?
I am especially wondering about the use of scenarios, versions, switchover date, etc.
We usually do a budget once a year and then review it with a forecast at least once every quarter. Should I create 2 separate applications for this purpose? Can I condense all the information in one application?
Thanks for your help!
Best answer by NathanView original
I would recommend to use versions for your application Budget Vs Forecasting and you can condense all information in one application.
I would recommend to have Budget & Forecast (your planning cycle) in the same apps (unless exception, it is what we do). If there are slight variations, you can manage them easily. This allows you a simpler maintenance down the line.
The app architecture for a finance is typically:
We have a suite a connected standard apps that you can use to start with.
For versions vs scenarios, this is a hot topic. We are right at the moment where I would suggest to use scenarios. Knowing there is currently a constraint: one scenario cannot reference another via a formula (we are working on it though).
besides that, it behaves mostly the same as using a standard dimension for versions, except that you can easily compare to snapshots (thus fixing your numbers).
ps: we have not converted our standard apps to scenarios