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Administrator Guide
Last Updated: 2023-06-23
Add Savings to Projects

Add Savings to Projects

  • Configure Savings Trackers in
    Settings
    .
  • Create sourcing projects.
You can track your spend and savings by configuring
Savings Types
 on your
Projects
.
  1. From a project, access
    Project Information > Financial Details
    .
  2. Enter savings details and estimates.
    Estimated Savings
     and
    Recognized Savings
     display on
    Savings Trackers
     when they're set up in the current fiscal year.
  3. Click the
    Add Savings
     button to record actual savings.
    • Strategic Sourcing includes
      Recognized Savings
       in
      Savings Trackers
       and counts them towards company
      Savings Goals
      .
    • Strategic Sourcing doesn't include
      Unrecognized Savings
       in
      Saving Trackers
       but you can report on them separately.
  4. Add
    Savings Type
    ,
    Frequency
    ,
    Date
    , and savings
    Total
    .
Projects include savings and savings estimates.