Concept: Savings Trackers

Savings Trackers

enable you to set goals and monitor financially recognized and unrecognized savings in your project

Pipeline

. Your company administrator can:

Configure and schedule savings recognition.

Create

Savings Types

such as:

Cost Avoidance

Cost Savings

Hard Savings

Set a fiscal year start date and savings goal for the period.

As a sourcing manager, you can:

Select a savings type when adding savings to a project.

Set the recognition date of savings for a project.

Savings Trackers in Overview Charts

You can quickly view your savings against savings goals from the

Pipeline

page using the

Overview

tab.

Identified Savings

Active

: Displays estimated savings across all active sourcing projects.

Estimated Savings

must have a value. Estimated end dates must be in the current fiscal year. When there's no estimated end date, the

Actual Start Date

must be in the current fiscal year.

Estimated Savings

won't display if there's no start or end date.

Planned

: Displays estimated savings across all planned sourcing projects. Estimated dates must fall in the current fiscal year. The start date must be in the current fiscal year when there's no estimated end date, but there’s an estimated start date.

Estimated Savings

needs start or end dates to display.

Realized Savings

Recognized

: Displays recognized savings across all completed projects based on the date or time range that you enter at the savings level.

Projected

: Displays projected recognized savings across all completed projects based on the date or time range that you enter at the savings level.

Savings Goal

Your Company Administrator sets the Savings Goal for the fiscal year.

Realized

: The total amount of

Recognized

and

Projected

savings.

Gap

: The difference between current

Realized Savings

and

Financial Year Savings Goal

Bonus

: The difference between

Realized Savings

and

Financial Year Savings Goal