Cost Management

Bonfire's Cost Management feature allows a user to track spend and savings on a procurement event.

Once a project is created, you can access the Cost Management modal by clicking on Actions, and then selecting Cost Management from the menu. 

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First, it's important to note that the inputs in the modal are not visible to the vendors. These inputs are strictly internal, and can only be viewed by those who have internal access to the project. 

Once the modal is open, enter the target savings percentage, minimum / maximum budget, and if the project has been marked as Complete you may enter the actual spend amount. 

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The data that is entered into the Cost Management modal, is used to track project savings in the Insights module and will appear on the project page as shown below.

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If you have any questions about the process above, please contact Support@GoBonfire.com

 

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