I am creating a new text field for my contact object.
Once I create this new field, I'd like it's value to be pre populated with the value from another contact field, but only when I initially create the new field.
With any new contacts added, this field should not be populated.
Creating a new field under Contact called
When I create this field I want it to get it's default value from
Account which is of data type Lookup(Account). So that for all existing entries, the Organization fields value will be the account name as text.
Is it possible to do this?