Data policy- Configuring Industry Taxonomy Policy in fullcast.io

The Industry Taxonomy policy is used to populate your accounts with the correct industry data. Using this policy, you can automate mapping of the account industry fields to the Industry Taxonomy created in the Design Module.

Policy Execution

For any policy to be executed, the following two steps are necessary.

Configuring Process Builder in Salesforce Environment.
Configuring the policy in Fullcast Environment.

Attention

Before you can use the Industry taxonomy provided by the Design Module, you must first enrich your accounts with NAICS/SIC codes themselves. This is usually done by a third party and will involve assigning an industry code to each account using their database. Once the data enrichment is done, we can match accounts to the Industry Taxonomy created in the Design Module, and the industry taxonomy policy can be executed.

To add an Industry Taxonomy policy:

Select the Motion tab in fullcast.io.
Select Review Policies from the category Policy by territory.
Select Add New Policy button in the top-right corner.
From the Policy Catalog, select Industry Taxonomy.

Configuring the Industry Taxonomy Policy

Stage 1 - Configure Fields

Select an object to stamp the Industry Taxonomy on.
Select the grey [+] button to add a Field Name - which is used to match Account Industry data to the Industry Taxonomy built in the Design Module.
For each Field Name, choose a Type of Industry Code from the drop-down menu.
Next, if you would like to stamp industry values to certain fields, select the grey [+] button next to "Additionally stamp industry values...".
Enter any fields under Field Name that you would like to add to your account with respect to Industry Taxonomy. Select a Taxonomy Value to match each Field Name to. (E.g., Sector, Super Sector, Industry)

Stage 2 - Define the Taxonomy

Right-click on the link labeled Save and Define Industry Taxonomy and open it in another tab.
You are now redirected to the Manage taxonomy in Industry Taxonomy designer in the Design Module.
Set up your Industry taxonomy according to your business model or go to market strategy, and commit your changes when finished. This step is essential in order for the policy to work.
Once you are finished, go back to the Industry taxonomy policy and click Save Changes to create your policy.