Opportunity
What is it?
The Opportunity bar represents the new payment term opportunity determined by the platform based solely on the strategies listed on the screen below the Opportunity bar.
You can click on the bar chart for more detail on the right side.
Please note:
If we have activated Harmonization our payment terms are optimized using pre-approved payment terms standards we want to apply across our spend with suppliers.
Harmonization rounds the payment term opportunity to a defined set of possible payment terms to avoid creating too many unique supplier payment term opportunities. For example, we may want all suppliers to be placed in payment term categories of, say, 30, 45, or 60 days in order to avoid dozens of possible supplier payment terms. There are different rounding options (always up, always down, or to the nearest group), which the Platform calculates automatically.
Harmonization can be set at the parent, supplier, or spend file level according to our preferences. In some cases, this can sometimes move payment terms considerably. For example, if the Platform calculates a term Opportunity of 62 days but the next Harmonization Group is at 90 days if the preference is to round up, the Platform will show an Opportunity of 90 days.
Harmonization settings can be changed by the Administrator. Please contact support@calculum.ai if you need help.
