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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.