Investment Funding

You can install the Investment Funding application (sn_invst_pln_v2) from ServiceNow Store if you have the admin role.

Add a business case for an investment to define its business needs and goals.

Allocate funds to a top-level investment so that the investment owner can distribute funds further.

Allocate funds to investments based on your business goals and available funds.

Investment co-owners manage, request, and allocate funds on your behalf to the investments that you own. The co-owner has the same rights and permissions as the owner.

Create a related link to go directly to the My Funds page from an investment target.

Create an entity for investments through which you can receive or allocate funds.

Create an investment to fund a target.

Create a top-level investment for the investment entity record for which you want to receive and allocate funds.

Domain separation is supported in Investment Funding. Domain separation enables you to separate data, processes, and administrative tasks into logical groupings called domains. You can control several aspects of this separation, including which users can see and access data.

Create a business rule for an investment entity that synchronizes the investment owner with the investment entity owner. If you update the name of the investment entity owner, the owner of the corresponding investment and the Viewable by field for the investment is automatically updated.

Enter actual spends for your investments to track fund utilization.

The Fiscal calendar setup you choose determines the fiscal periods used by your organization to request or allocate funds.

Several types of components are installed with activation of the Investment Funding (sn_invst_pln) plugin, including tables and user roles.

The Investment Funding application requires you to do some initial administrative tasks for it to be fully functional.

ServiceNow Investment Funding enables you to plan and manage investments by allocating funds to investment entities such as Business Units, Products, Teams, and the like. Prioritize your investments based on business needs and strategic objectives of your organization.

Add co-owners to your investments to request, approve, and manage the funds on your behalf. You can remove the existing co-owners when you no longer need them to manage your investments.

With the admin role, you can migrate your existing data from the legacy Investment Funding tables to the new ServiceNow Store application tables by running the scheduled job.

Plan your fund allocations if you are not yet ready to finalize the allocation of your funds.

You can reject an incoming fund request based on your business priorities or if you do not have sufficient funds.

Request funds from a funding source for your investment.

As an administrator, you can set global defaults for Investment Funding preferences, which affect the funding behavior.

Review the flow of your funds from your investment to other investments to make an informed decision when you allocate or request funds.

Post migration of your legacy Investment Funding data, you must update the reference tables for the Investment and Funding Entity fields from the legacy Investment Funding tables to the ServiceNow Store application tables in the required tables.

If you are upgrading from the legacy Investment Funding, post installation of the Investment Funding application, you can migrate your existing data to the ServiceNow Store application tables. Also, you must update the reference tables for the Investment and Funding Entity fields to the ServiceNow Store application tables.

View the past funding details of your investments.