FINANCE™ includes a comprehensive set of statuses to help you manage the lifecycle of your Forecasts. This article outlines each status, what it means, and who can take action based on user permissions.
Description: The initial state when a forecast is created.
Who can edit: Users with the "Create & Update Forecast" permission.
Next actions:
Send for Approval
Activate (if approval is not required and the user has permission)
Description: The Forecast has been submitted and is waiting for review.
Who can act: Users with the "Activate, Manage & Approve Forecast" permission can:
Approve
Send Back for Revision
Reject
Description: The Forecast is approved and in use.
Who can edit: Only users with the appropriate permission.
Next actions:
Mark as Complete
Put On Hold
Deactivate
Description: The Forecast was returned with a request for changes.
Who can edit: Users with the "Create & Update Forecast" permission can revise and resubmit.
Description: An intermediate state after a revision begins.
Who can edit: Only the user revising the Forecast.
Next step: Send for Approval
Description: The Forecast was rejected.
Who can edit: Users with "Create & Update Forecast" permission can revise and resubmit.
Description: The Forecast is made inactive.
Who can act: Users with permission can reactivate it to Draft for further changes.
Description: The final state of a fully approved and used Forecast.
Who can act: No further edits are allowed. Forecast is read-only and can only be copied.