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Insights Spend+ gives you suppliers’ key financial and corporate health data so you can manage risk.
With essential intelligence on the finances, structure and risk profile of private sector firms, Insights Spend+ gives public sector buyers valuable data to review their supplier relationships, find contract savings and grow social value.
Managing supplier risk can be complicated, leaving teams juggling multiple data sources.
From total and public sector turnover, profitability, trading status, structural and credit rating data, Insights Spend+ supports good supplier management.
Procurement managers can use Insights Spend+ to support their social value commitments.
Our risk metrics helps them identify local strategic suppliers who may need additional support, strengthening public services and retaining local jobs.
Use Spend+ to assess how important your spend is to both your suppliers’ public sector revenues and overall turnover.
Insights Spend+ extends Insights Spend to give you valuable decision-making data directly within the same interface.
Data includes company number, classification, gazette notices, charges, parent, EBIDTA, turnover, CAGR and credit risk.
Includes data from government departments, local government and councils, NHS trusts and ICSs to the emergency services.
Understanding the intentions of commissioners without having to sift through committee papers and councils’ websites can save hours.
Recently, Insights Pre-Procurement identified an opportunity with a particular council, who we’ve since secured as a direct result of this intelligence.
Insights is definitely easy to use and the quality of the data is excellent. It’s got a great user interface and it’s very simple to search.
We’ve got strong values in the organization: integrity, caring and keeping it simple, and Insights gives us a simple way to look at a particular supplier, customer or market and it helps us understand how we can get the best value for the NHS and ensure that patients get high value care.
By using Pre-Procurement and Spend together, we realised an over-dependence on our domiciliary care provider.
Looking at other authorities, we noticed a trend in splitting up domiciliary care into Zones reducing risk of dependency. We’re now adopting this approach thanks to Insights.
We spend over £300m with contractors. We’re trying to drive savings from our contract arrangements. Insights informs our procurement decisions.
Its good, clean, quick data gives us assurance around our contracting arrangements. I recommend Insights to other local authorities.
Insights enables us to facilitate a conversation about how councils can join together to add value, reduce costs and be transparent, which benefits the whole of the local government sector.
I’m particularly impressed with the care taken cleansing data, and the support from the team.
Financial technology delivering social value. Oxygen specialise in early payment, the procurement process and public sector insight.