FundPanel includes preloaded test data that facilitates user training and offers a safe space to practice various fund administration tasks.
TABLE OF CONTENTS
Training Purposes
FundPanel has a myriad of powerful features and tools that can be overwhelming for new users. To help with the learning curve, FundPanel provides test data that simulates a realistic fund administration environment, enabling trainees to familiarize themselves with the platform more effectively. This hands-on experience accelerates the learning process and helps users understand the full capabilities of the fund administration system.
For instance, trainees may use test data to:
- Practice creating and relating accounts, contacts, investment vehicles and contact roles.
- Learn how to create a fund communication.
- Experiment with creating and customizing reports and dashboards.
The goal is to make users comfortable with the platform so they can efficiently navigate and utilize FundPanel's powerful features in their daily work.
Practicing Fund Administration Functions
Another benefit of having test data in FundPanel is that it allows users to practice various fund administration tasks without affecting real data. This safe environment is crucial for users who need to understand complex processes and ensure accuracy in their work.
Some examples of fund administration tasks include:
- Managing and tracking investment portfolios.
- Processing transactions, such as capital calls and distributions.
- Overseeing financial reporting and investor relations.
- Ensuring compliance with regulatory requirements and industry best practices.
By practicing these tasks using the test data, users can hone their skills and identify any areas where they may need additional training or support. Furthermore, it encourages experimentation with different approaches to problem-solving, promoting innovation and efficiency within the organization.
Can I Delete this Test Data?
Yes, you can delete the test data in FundPanel if you no longer need it or prefer to work with your organization's actual data. To delete test data, follow these simple steps:
- Navigate to the specific record you wish to delete (e.g., lead, contact, account, opportunity, etc.).
- Click on the record to open its detailed view.
- In the top-right corner of the record's detail page, click on the dropdown arrow next to the "Edit" button.
- Select the "Delete" option.
Please note that occasionally, a record may have related test records that need to be deleted first. If you encounter this situation, FundPanel will prompt you to delete the related records before proceeding. Follow these prompts to successfully delete the test data in the proper order.
By removing the test data, you can maintain a cleaner and more organized FundPanel environment that focuses on your organization's genuine information. However, keep in mind that once the test data is deleted, it cannot be retrieved. Therefore, ensure that you and your team have completed any necessary training and practice sessions before deleting these records.
If you need any additional assistance with managing test data in FundPanel, do not hesitate to contact us at support@fundpanel.io