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# Financial Management

This topic introduces Financial Management.

In this topic:

## Track costs, benefits, and budget

Financial Management provides financial summaries and financial data tables for you to track forecast and actual costs and benefits, and also approved budgets.

Functionality | Description
--- | ---
Financial summaries | Use financial summaries to track forecast and actual costs and benefits and approved budgets for lifecycle entities and programs over a range of years. Forecast labor costs in the financial summary can be rolled up (automatically calculated) from the staffing profile. Actual labor costs in the financial summary can be rolled up from time logged on time sheets if Time Management is used, and also from project work plans if Project Management is used. Actual non-labor costs in the financial summary for a project can be rolled up from the project work plan if Project Management is used. A program roll-up financial summary is the summation of the financial summaries of the projects in the program if Program Management is used. For details, see Financial summaries .
Financial data tables | Configure, create, and use financial data tables to track forecast and actual costs and benefits for any type of request, including but not limited to lifecycle entities. Financial data tables are used to track forecast and actual costs and benefits for such purposes as tracking indirect costs and/or benefits. For details, see Financial data tables in requests.

## Financial Management functionalities

OpenText PPM provides a set of functionality to help you track your financial data:

Functionality | Description
--- | ---
Cost rules | Set up and use cost rules to provide detailed estimates of labor costs. Cost rates can be based on a number of different cost factors. Cost factors can be organized by order of precedence. For details, see Manage cost rules.
Currencies | Use and display multiple currencies in one installation of PPM. Currency display can be user-based or entity-based. Currency values are tracked against each other using financial exchange rates. For details, see Manage exchange rates and currencies.
Regions | Create regions to associate them with entities. For details, see Manage regions.
Cost capitalization | Capitalize software development costs in accordance with SOP 98-1 guidelines. For details, see Cost capitalization.

## Next steps

- Manage cost rules
- Manage exchange rates and currencies

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