Hi @Elodie
I would recommend to use versions for your application Budget Vs Forecasting and you can condense all information in one application.
Hi Elodie,
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:
- HUB → contains the shared dimensions
- Workforce planning → people costs & plan
- Opex Planning → input & driver based costs
- Core FP&A → plugging all the different apps together to create your P&L Reporting & BVA
- Revenue Planning → depending how deep you go, this can be its own app or be included into another one (Core FP&A)
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