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Celonis Product Documentation

Step 3 - Set up your value tracking formula

You have two options for setting up your value tracking formula:

  1. Use the recommended formula, which provides a formula in business terms and then asks you to select KPIs or constants to be provided in that formula.

    1. KPIs: Use the dropdown to select the KPI you’re trying to improve, as well as any other associated KPIs needed for quantifying value.

    2. Baselines: Provide a baseline value for the KPI that you are trying to improve. This baseline can be from the last fiscal year, the last 12 months, or another value. You may want 12 months of data for your baseline if your data is cyclical. If your data is relatively consistent, then you may feel that 6 months of data better represents your baseline.


      We strongly recommend that the same KPI be used for calculating your baseline and for monitoring KPI improvements after implementing solutions.

    3. Estimates: Some formulas require you to provide estimates to quantify value, such as the estimated effort per manual activity or the estimated cost per minute to manually carry out an activity.

  2. Use a custom formula, which requires you to reference a KPI containing the complete formula.

  3. Click Save to review and finalize your setup.