Source to Pay Design Toolkit
12th August 2022
Our toolkit is designed to use our knowledge of leading practice, while focusing on the specific needs of your business and making sure they are met.
Overview
Improve the Quality of your Spend Data
Good decisions start with good data. Our specialist analytics engine brings together spend data from multiple sources including purchase orders, invoices, contracts, supplier records and card transactions. It then uses advanced techniques to highlight categorisation issues and improve overall accuracy.
We typically enhance data quality by up to 35% and achieve overall accuracy levels above 90%. We take a collaborative approach, sharing all proposed corrections with your team for review before producing a fully cleansed and trusted spend analysis.
Beyond fixing the data, we examine why inaccuracies occur. By identifying patterns across categories, business units and processes, we provide clear and practical recommendations that help improve data quality at source.
Identify Where the Savings Are
With clean and accurately categorised spend data in place, our analytics engine evaluates each area of your expenditure using a category maturity score. This assessment looks at factors such as spend under contract, supplier concentration, use of preferred suppliers, purchasing compliance and historical savings delivery.
By combining this maturity assessment with benchmarks drawn from real procurement outcomes in similar organisations, we quantify savings opportunities for each category based on what is realistically achievable.
Validate the Savings Opportunities
Savings are not delivered by data alone. Through a series of structured workshops with your procurement, finance and key business stakeholders, we review and validate each opportunity against the realities of your organisation.
This process helps uncover constraints, build alignment and refine the savings assumptions. The outcome is a clear, prioritised delivery plan, structured in phases to balance impact with complexity and ensure it can be delivered in practice.
Unlike purely analytical services, we go beyond the opportunity report. Our team of experienced procurement specialists can work alongside you to deliver the savings identified, managing sourcing exercises, renegotiating contracts, implementing framework agreements and tracking benefits in line with finance recognised standards.
We have delivered more than £100m in procurement savings across the public sector, NHS, local government and large private sector businesses.
Our toolkit is designed to use our knowledge of leading practice, while focusing on the specific needs of your business and making sure they are met.