Standard Model
Last updated
Last updated
Purpose
In the JustPerform platform, a key component of modeling is the use of Standard Models. These models serve as tables that contain data within the system, with pre-existing fields that are built into the framework.
In addition to Standard Models, JustPerform also uses Models as functional collections of Datastore Objects, which are responsible for capturing and reporting data. These models are highly customizable and can be designed to meet the specific needs of the user.
Navigation
To access Standard model, follow the below steps.
On the left side panel of modelling screen - Click on the space
Move toward Models
Expand the dropdown for Models -to view existing functional areas.
Under functional areas the list of models can be viewed- icons with is a standard model
A model is designed to meet the business planning and consolidation requirements of an organization. The model is where the user interacts to plan, consolidate, and report data. The purpose of this model can be set while creating a model on the model details right-side panel. Depending on the business requirement, the model can serve the following purposes:
Consolidation: A model created for consolidation purposes.
Planning: A model created for planning purposes.
Reporting: A model created for reporting purposes.
General: A model created for general purpose falls under this category.
By accessing the ellipsis located on the right side of the respective functional Area, users can create a model. Upon selecting "Standard Model," the right-side panel displays Model details. This panel equips users with various functions including creating, editing, or viewing Model details such as Model Name, Model Description, Purpose, dimensions to be assigned to the model, References, and enabling Input function for data input as well as calculations within the model.
Users are provided with the flexibility to choose the purpose of the Model from four distinct types: Consolidation, Reporting, General, Planning
Suppose the purpose of the model is specified as Consolidation, in the References tab of the Model details pane, the user can select both the Exchange Rate Model and the Ownership Model. In the case of selecting Planning or Reporting as the model's purpose, in the References tab of the Model details pane, the user has the option to choose the Exchange Rate Model.
To create a new model, the user can simply click on the Create New button.
The Update List function ensures that the list of dimensions from the Process is kept up to date. The Save button allows the user to save the Model details, while the Cancel Button allows the user to discard any changes made. On the other hand, the delete button provides the option to delete the model. If the delete button is selected, a warning confirmation pop-up will appear, prompting the user to confirm the deletion.
