What is validation in SAP EPM-FC - SAP BusinessObjects Financial Consolidation?

SAP Term: validation

• Component: EPM-FC

• Component Name: SAP BusinessObjects Financial Consolidation

• Description: The process to validate a category scenario. A series of controls is run and data consistency is checked. The errors or warnings generated as a result of these controls are stored in a validation report.

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• Key Concepts: 
  Validation is a process in SAP BusinessObjects Financial Consolidation (EPM-FC) that ensures the accuracy of data entered into the system. It checks for errors and inconsistencies in the data, such as incorrect formulas, missing values, or incorrect data types. Validation also ensures that all data is consistent across different parts of the system. 
  
  How to use it: 
  Validation is an automated process that runs when data is entered into the system. It can be triggered manually or set to run automatically at certain intervals. When validation is triggered, it will check for errors and inconsistencies in the data and alert the user if any are found. The user can then take corrective action to fix any errors or inconsistencies. 
  
  Tips & Tricks: 
  It is important to regularly run validation to ensure that all data is accurate and consistent across the system. This will help prevent errors and inconsistencies from occurring in the future. Additionally, it is important to review any errors or inconsistencies that are found during validation and take corrective action as soon as possible. 
  
  Related Information: 
  For more information on validation in SAP BusinessObjects Financial Consolidation (EPM-FC), please refer to the official documentation provided by SAP. Additionally, there are many online resources available that provide tips and tricks for using validation effectively.