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Funds Control Process

GFEBS Funds Management

 

Derivation Tables streamline transaction entry and minimize risk of errors by automatically determining the correct master data values.

 

Derivation Tables include Derivation Rules. A derivation rule for FM is an “if-then” rule that determines field values for FM master data elements within financial transactions based upon other key field entries.

 

For example:

 

When a user enters a purchase requisition, they need only to enter one cost object, e.g., a WBS element.
 

That cost object will then derive the budget address using a derivation rule that pulls from the Derivation Table.