Category: Bi Blog

We’re thrilled to announce the Beta launch of Market Insights, our powerful new data analytics tool designed to help you thrive in the ever-evolving world of public procurement. Available now as part of our newly rebranded DynamIQ and AnalytIQ plans (previously known as Classic and Complete), this Beta release marks the beginning of a smarter, more data-driven approach to market engagement.

 

Why Market Insights?

Here’s how the Beta version of Market Insights empowers your business:

• Strategic Partnership
  We serve as a dependable ally for businesses aiming to enhance their market analysis and growth potential without heavy resource commitments.
• Market Exploration
  Our unified platform consolidates comprehensive market intel, providing proactive insights that enable swift action in emerging growth markets.
• Holistic Market Analysis
  Knowledge is power. Benefit from solid analysis of market trends, buyer behaviours, and supplier dynamics tailored specifically for the public procurement sector.

 

Key Features

• Market List
  
  Unified Market Dashboard – Navigate with ease through a user-friendly dashboard that consolidates key insights into one accessible view.
  Resource Optimisation – Save time and effort by replacing extensive independent research with in-depth automated analysis.
  Streamlined Efficiency – Focus on growing your business, while we streamline the complex processes of market research for you.
  
• Market Analysis
  
  Competitive Edge – Get a snapshot of your competition and benchmark your standing in your chosen market segments.
  Stronger Market Position – Build winning strategies that speak directly to potential buyers and stand out in a crowded market.
  Influential Positioning – Reach decision-makers earlier with data-backed engagement, improving your visibility and influence.
  User-Centric Guidance – Receive tailored recommendations that guide your actions in each market, maximising returns while reducing risk. 
• Market Activity Comparison Over Time
  
  Actionable Growth Insights – Identify opportunities for growth and expansion through data-driven guidance that informs your business strategy.
  Scalable Growth – Discover and showcase opportunities for efficient and sustainable business scaling.
  Enhanced Decision-Making – Make confident, data-informed decisions that adapt to changes in public sector demand.

 

Available Now in DynamIQ and AnalytIQ

Your account has already been automatically upgraded to include Beta access to Market Insights access! Be among the first to explore its capabilities and help shape the final product. Click here to get started.

 

Want to upgrade?

Don’t have access yet? Contact us today and we’ll be happy to discuss how the Beta release of Market Insights could benefit your organisation and help you make the most of this powerful new tool.

 

 

We’re thrilled to announce the launch of our powerful new API, now included in our Complete level package. This cutting-edge feature is designed to bring you greater control, flexibility, and automation in the way you access and use our procurement intelligence.

 

Key benefits of API integration

Our API integration transforms your workflows by breaking down data silos, automating repetitive tasks and enhancing the overall user experience. Here’s how:

1. Accelerated data workflow
   Experience lightning-fast data movement between applications, and ensure your team and partners have timely access to critical data.
2. Unlock cutting-edge automations
   Effortlessly connect your CRM, whether it’s Salesforce, Power BI, or others, with our contracts, awards and spend data through API integration. This capability allows for the construction of a real-time data pipeline.
3. Enhanced efficiency
   API integration equips you with the data you need directly within your familiar applications, significantly conserving time and resources.
4. Reduced risk of errors
   By leveraging API functionality, the need for manual data entry is minimised, substantially decreasing the likelihood of errors that occur with traditional copy-and-paste methods.

 

Already a Complete customer?

Your account has already been automatically upgraded to include API access! Simply click here to get started and begin unlocking new possibilities with your procurement data.

 

Want to upgrade?

If you’re not on the Complete package yet, there’s never been a better time to level up. Our team is ready to walk you through how the Tracker API can benefit your organisation.

Contact us today and we’ll be happy to discuss the details and help you make the most of this powerful new feature.

Introducing Spend Analysis Pro – Revolutionise Your Strategy with Data-Driven Analysis

We’re excited to announce that Spend Analysis Pro is now live! This powerful new feature is designed to give you deeper insights into buyer and supplier relationships, helping you make informed, strategic decisions with ease.

 

Why Spend Analysis Pro?

Understanding who your buyers and suppliers are – and how they interact – is key to unlocking new business opportunities. Spend Analysis Pro provides data-driven intelligence, helping you save time and resource and focus your energy on the opportunities that fit your business.

 

Revolutionary BRS Intelligence

Gain access to Business Relationship Scores (BRS) for both buyers and suppliers. This innovative feature allows you to instantly assess the strength of their connections, helping you focus your efforts on the best opportunities.

 

Buyer & Supplier Comparison

Compare the Top 10 Buyers or Top 10 Suppliers of any organisation over a 12-month period to get insight into spending patterns and trends and understand the data behind winning bids.

 

Multiple Buyer & Supplier View

Group similar buyers or suppliers into a single, holistic view to analyse their combined spend – cutting through the noise to give you a clearer picture of market activity and spending patterns to inform your strategy.

 

Live Contracts & Awards

Know where you focus your energy with a real-time view of current contract notices and awards from your chosen buyers. Plus, plan for future contract renewals to build a robust sales pipeline.

 

What’s Next?

If you’re already a Classic or Complete customer, your account has been automatically upgraded to Spend Analysis Pro – no extra steps required! Simply click here today to start exploring the new features and unlock valuable market insights.

Have questions or would like to upgrade? Our team is here to help. Get in touch and we’ll be happy to showcase Spend Analysis Pro in action for you.

The Procurement Act 2023: What Suppliers Need to Know

The Procurement Act 2023 replaces previous public sector procurement regulations. These changes will simplify the process for buyers, by increasing transparency, and creating a more competitive marketplace. Suppliers will have greater visibility of opportunities making it easier for them to work and engage with buyers in the public sector.

 

When Did the Changes Go Live?

The Procurement Act 2023 comes into effect on 24 February 2025. It is important for suppliers to familiarise themselves with the new procedures to ensure compliance.

 

What Do Suppliers Need to Do?

To make the most of the new procurement landscape, suppliers should:

• Register on the Central Digital Platform (CDP):The Government Commercial Function has released guidance on how to do this. The web page below contains how-to videos and documentation which explain the process.
  https://www.gov.uk/government/collections/information-and-guidance-for-suppliers
• Engage Early with buyers
• Understand the new notice types

 

Key Changes Suppliers Should Know

The cabinet office has introduced several new notices under the Act that will improve transparency and engagement during the procurement process, including:

• Planned Procurement Notice: Allows buyers to signal upcoming opportunities before formal tendering begins, giving suppliers a head start.
• Preliminary Market Engagement Notice: Enables early conversations between buyers and suppliers to shape future procurements.
• Contract Award Notice: Provides clearer information on awarded contracts, ensuring transparency.
• Contract Termination Notice: Informs suppliers when a contract has ended early, offering potential opportunities for re-tendering.
• Key Performance Indicator (KPI) Notices: These highlight supplier performance on contracts, making performance a bigger factor in future tenders.

 

What Does This Mean for Tracker?

For now, it’s business as usual – our suppliers can continue using Tracker to identify and win public sector contracts. But looking ahead, Tracker will integrate our best features in line with the new regulations.