What is formula allocation in SAP IS-U-EDM - Energy Data Management?

SAP Term: formula allocation

• Component: IS-U-EDM

• Component Name: Energy Data Management

• Description: Assignment of input and output profiles to a formula.

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• Key Concepts: 
  Formula Allocation is a feature of SAP IS-U-EDM Energy Data Management that allows users to define formulas for allocating energy costs among different cost centers. The formulas can be based on a variety of factors, such as energy consumption, number of employees, or other criteria. The formulas can be used to allocate costs in a fair and equitable manner.
  
  How to use it: 
  To use Formula Allocation, users must first define the formula they wish to use. This can be done by entering the formula into the system and specifying the criteria that will be used for allocation. Once the formula is defined, users can then enter the data that will be used for allocation. The system will then calculate the cost allocations based on the formula and criteria specified.
  
  Tips & Tricks: 
  When defining a formula for Formula Allocation, it is important to ensure that the criteria used are relevant and accurate. This will ensure that the cost allocations are fair and equitable. Additionally, it is important to review the results of the allocation to ensure that they are accurate and reasonable.
  
  Related Information: 
  Formula Allocation is part of SAP IS-U-EDM Energy Data Management, which is a suite of tools designed to help manage energy data. Other features of this suite include energy forecasting, energy budgeting, and energy reporting.