How to create a saving report from Market Dojo in your Spend HQ Integration

How to create a saving report from Market Dojo in your Spend HQ Integration

Pre-requisites

  1. Event Completion: You can only create a savings report for events where the deadline has passed.
  2. Current Price Setup: Savings reports can be created only when using the RFQ functionality in your event. You must enter a Current Price for your lots. 
The Current Price is a benchmark price entered by the host, used to calculate savings for each supplier offer.
You can input the Current Price either during event creation or after the event is closed.
Please read this article about the Current Price to know more about this option. 

Steps to Create a Savings Report

1. Go to a closed event in Market Dojo and and navigate to the Offer Tab (RFQ or Auction). 
2. Click on Award Lots.

3. Confirm the Awarded Participants: 
  1. A window will open displaying the lots and participants.
  2. For each lot, select the awarded participant by clicking on Include in the Award Notice.
  3. Once all lots are assigned, click on Create Savings Report.


3. You will be redirected automatically to the New Savings Report page in the Savings section of Spend HQ.


Complete and Review the Savings Report

The savings report will display pre-loaded information from your Market Dojo event. Verify and complete the following sections:
  1. Attached Project: Attach the savings report to a relevant Spend HQ project.
  2. Negotiation Information: Pre-loaded from the Market Dojo event. Add the Purchase Category if missing.
  3. Organization: Pre-loaded from the Market Dojo event. Add the Stakeholder information.
  4. Dates: Specify the Negotiation and Contract Dates.
  5. Amount: Pre-loaded from the Market Dojo event.
  6. Negotiation Details: Pre-loaded from the Market Dojo event. Add Payment Terms as required.
Note: All information in the savings report contributes to Spend HQ’s performance dashboards.
To access the dashboards, go to the Dashboard section on the left-hand menu in Spend HQ Integration.



Other Spend HQ Integration Guides

  1. How to activate the Spend HQ integration to your Market Dojo account (for all Users)
  2. How to link Market Dojo events to the Spend HQ integration


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