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.
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
Navigate to All > Supplier Lifecycle Operations > Source-to-Pay Workspace.
Under Quick actions, select Manage my suppliers.
Select the supplier for which you want to estimate the savings (by commercial credit card payments).
Select the Spend tab.
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.
Fill in the form with the required values.
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.