Review Opportunities: Opportunity Reconciliation Follow

Review Opportunities is where you review and track all the savings opportunities recommended by LevaData, new and old. You can look for the most compelling savings opportunities, accept or reject them, automate these reviews with business rules, and then persist past review status so you can focus on new opportunities each time. This article covers opportunity reconciliation and how that can provide time savings and fresh opportunities for users.

Reconciliation

When reviewing an opportunity lever for any given quarter, that same opportunity will often exist for outbound future quarters. Since opportunities are presented by quarter and are often the same for an entire fiscal year (all four quarters), it would be redundant to ask a user to review the same opportunity each quarter for the whole year.

In such a case (where an opportunity is identical across four quarters), if a user reviews it once and takes action on it, then our system automatically reconciles the accept/reject review actions taken and applies them to the respective identical future quarter opportunities for which the customer has provided data.

When this happens, all outbound future quarter versions of the respective opportunity will carry a disposition code of Opportunity Reconciliation and will have one of the following status values:

1. (Auto) Accepted
2. (Auto) Rejected
3. On Hold
4. Revert to Not Review

This feature speeds up the opportunity review process considerably and ensures that the reviewer is not spending time examining the same opportunities repeatedly.

Review Opportunity Reconciliation Auto-Reversion

If your organization submits fresh data to be loaded into the LevaData Platform, and that new data materially changes an opportunity that was previously reviewed, then the opportunity will be changed to Not Reviewed status in order to present the most recent changes for your review.

If the opportunity has been reviewed previously and has changed with new data, then the tooltip appear in Review Opportunities next to the Opportunity Amount. When the user hovers over the tooltip, they will see the following details:

• Previous Target Cost
• Latest Target Cost
• Previous Demand
• Latest Demand
• Opportunity Change: Opportunity Change Value (in Currency), with indicators:
  • Opportunity Increased (Green Up Arrow)
  • Opportunity Decreased (Red Down Arrow)
• Opportunity Refresh Date (in User Local Time Zone)