Standard Model
In the JustPerform platform, a key component of modelling is the use of Standard Models. These models serve as tables that contain data within the system, with pre-existing dimensions 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 a Standard Model, follow these steps:
On the left side panel of the 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. Standard models have a square icon in front of them.
Purpose
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 purposes falls under this category.
Features of a Standard Model
Users can create a model by accessing the Ellipsis located on the right side of the respective functional area. Upon selecting Standard Model, the right-side panel displays model details. This panel provides 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 functions for data input and calculations within the model.
Users have the flexibility to choose the purpose of the model from four distinct types: Consolidation, Reporting, General, and Planning.
If the purpose of the model is specified as Consolidation, the user can select both the Exchange Rate Model and the Ownership Model in the References tab of the model details pane. If the purpose is Planning or Reporting, the user has the option to choose the Exchange Rate Model in the References tab.
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. The Delete button provides the option to delete the model. If the Delete button is selected, a warning confirmation popup will appear, prompting the user to confirm the deletion.