Financial Modeling application setup With financial modeling, you can determine the allocation rules and run them automatically for all data in the future. Start with associating data sources to cost models. Use data source to add additional columns for cleansing or bucket split by selecting the Used by cleansing option of the Financial Data Source Field Map record. Financial data importFinancial data resides in the General Ledger Staged Data table.SegmentsUse segments to define the transaction table used in cost model hierarchy.IT shared servicesIT shared services are business services that are IT-related but are still shared and used across your organization.Financial Management application setupThere are several components of the Financial Management application that you set up before you can use the workbench to allocate expenses.Financial Management workbenchThe Financial Management workbench provides financial administrators with a graphical interface to allocate expenses. Cost modelsA cost model is the set of rules, methods, and metrics that tell the application how to allocate expenses to the accounts in the IT chart of accounts.AllocationsWhen the Financial Management application allocates an expense, it breaks down the expense into detailed amounts of money called allocations.Allocation metricsAllocation metrics contain additional instructions that the application uses to allocate expenses based on a weighted calculation or on a script. Allocation methods use metrics to perform the allocation.Financial analyst dashboardActivate Performance Analytics - Content Pack - Financial Management (com.snc.pa.fm) plugin to activate the financial dashboards. The key statistics on financial costing, budgeting, and showback statements help you to know the current trend based on the real-time data and make informed decisions that enhance your business performances.