Estimate savings using the saving estimator tool

The saving estimator tool is used to calculate potential savings from credit card payments. The tool uses default values and allows users to modify billing cycles and other parameters to create new estimates.

[Omitted video] Description: Estimate savings using the saving estimator tool

Before you begin

Role required: sn_slm.manager or sn_slm.admin

Important: Check your entitlements to determine whether you have access to Supplier Payment Optimization.

Procedure

1. Navigate to All > Supplier Lifecycle Operations > Source-to-Pay Workspace.

2. Under Quick actions, select Manage my suppliers.

3. Select the supplier for which you want to estimate the savings (by commercial credit card payments).

4. Select the Spend tab.

5. Select Launch savings estimator under the Credit card savings estimator section.

The **Virtual card value estimator** is displayed.

You can see the saving calculation formulas by selecting the **Estimator formula** tab.

1. Fill in the form with the required values.

2. Select Create new estimate.

   The saving estimate is created and saved. You can select View saved estimates to view the list of saved estimates.

**Note:** You can modify the saved estimates as required.

Result

The potential savings from credit card payments are displayed.

Parent Topic:Using Supplier Payment Optimization

Related topics

Using Supplier Payment Optimization

View the Payment Optimization dashboard