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Is there a process to run after updating an elment's input values, such as Periodicty

Summary: We have a new Element that was created. However the Input Value Periodicty was set up with a default of Quarterly.

This is causing the amount to be divided by 13, as there are 13 week in a quarter.

We changed the Periodicity default to be Periodically.

However the Periodicity defaulting in the element entry is still Quarterly.

See screen shots.

Is there a process that we should run to push the new Element defaults?

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