How do I change my organization's Savings Calculation method?

PERSUIT has four Savings Calculations methods to choose from.  Each calculates the difference between a starting value, and the final bid(s) selected.

1. Average starting bid - Selected bid
   Default selection that reflects the competitive field more broadly. Favored by many PERSUIT customers.
    
2. Highest starting bid - Selected bid
   Shows the maximum spread achieved in the event, highlighting headline savings, but can overstate savings if there any high outliers.
    
3. Median starting bid - Selected bid
   This brings an extra layer of data accuracy by removing outliers from impacting an average.
    
4. Average final bid - Selected bid
   Instead of initial bids, this anchors the calculation against the bids after any negotiations or auctions, but does not reflect the full breadth of initial bids, so will not showcase the impact of the auction or negotiation.

For all of these, "Selected bid" refers to the proposal selected.  This is why completing RFPs fully is so crucial for data accuracy in spend and savings reporting, as RFPs left in Evaluating status are based on some data assumptions.

Users with the Group Manager role can change this in Settings in the left hand menu.

Click on Analytics Settings. 

In the Reporting Settings at the top of the page, you'll see a Savings Calculation Method dropdown where you can select your organization's preferred selection. 

Click Save Changes at the top right to finalize any changes.

Please note that this selection will apply to all requests and all reporting. 

You can also find more information on our Adjusted Savings override if you would like to compare savings based on your own metrics.