Frozen/UnFrozen Cost
Introduction
Within our comprehensive ERP system, we have implemented a dynamic and strategic feature known as "Cost Freeze/Unfreeze" to empower organizations in their budget management processes. This functionality plays a pivotal role in maintaining financial control, adaptability, and regulatory compliance.
Business Process
Managed within the ERP system, the Cost Freeze/Unfreeze status is controlled by authorized users, typically financial controllers or designated budget administrators. This intuitive and secure process ensures that only those with the necessary permissions can toggle the freeze/unfreeze status, maintaining a balance between financial stability and operational adaptability.
Process - Frozen/UnFrozen Cost
Organization : user have to select to the organization
cost Type : user have to select cost type
accounting schema : user have to mention accounting schema
cost element : user have to mention cost element
product category: User have to mention the product category
Product : user have to mention the product in this field
while the user click on the ok button system will execute as per the above mentioned criteria