Create MDF Budget Groups

Overview

Marketing Development Funds (MDF) allow partners to request funds that will be used to support their future marketing activities. The funds are drawn from budgets that your organization has previously authorized. The MDF module allows you to track the amounts available and the amounts spent.

MDF is designed as a hierarchical system that supports different levels of approval.

Use this procedure to create a new Budget Group for use in Marketing Development Funds (MDF).

Before You Begin

• If you are not using the default Budget Group Types, you will need to Create a Budget Group Type before performing these steps.
• Log into PRM Admin with fundTask Level 3 rights.

How to Create Budget Groups

1. Navigate to Marketing > Setup.
2. Click Budget Groups.
3. Provide the following information
1. Description: This is a user-friendly text that will allow you to recognise this Budget Group in dropdown selection lists.
2. BudgetGroupTypeID: Select the Budget Group Type to apply to this Budget Group.
3. Currency: Enter the currency that applies to this Budget Group.
4. CountryID: Use this field to restrict access to this Budget Group to a specific country. Alternatively, enter 0 to allow access from all countries.

Related Topics

• About Marketing Development Funds
• Manage Budget Group Types
• Appoint Fund Approvers
• Manage Budgets
• Manage Approval Levels
• Setup a Campaign
• Create a Fund Account
• Allocate Funds to Budget Groups
• Budget Allocation
• Budget Group Allocation