To set up a budget allocation cycle, follow the steps below:
Step 1: Visit the Admin Dashboard and select Vantage Recognition from the top header section of the window.
Step 2: From the left panel, click on Budget Automation and then select Reward Budget.
Step 3: If setting up for the first time, click Get Started, and for consecutive cycles, click Automate Budget for Another Country at the bottom of the window.
Step 4: Select the Country for which you want to set up the allocation cycle.
Step 5: Choose the allocation cycle from the predefined options: Yearly, Half-Yearly, Quarterly, or Monthly.
- Select a date from the list of industry-standard allocation dates.
Optional Step: Set Initial allocation date. The initial allocation date is solely for starting the first cycle and does not override the standard allocation dates for future cycles.
Click here to learn about the Initial allocation date.
Step 6: Define the Rules for Managing the Unused Budget:
- Select a rule for how unused budgets should be managed at the end of each cycle.
- Available options include Complete Rollover, Complete Expiry, Partial Rollover.
Click here to learn more about unused budget management options.
Step 7: Click on the Save and Proceed.
Step 8: Next step involves rules setting for the allocation cycle.
Click here to learn how to set rules.
