Measuring social value in procurement?
Holding suppliers to account is the real key to delivering social value from your procurements. Impact helps procurement and contract managers ensure social value committed by suppliers during procurement exercises is actually delivered.
Easily integrate the Social Value Model into your procurement processes
Capturing social value from procurement exercises can be difficult, there are tons of factors not immediately noticeable that can affect how much value you can accurately capture and measure. Here are just a few reasons why procurement managers say Impact is the best tool for the job:
Standard tender processes simply don’t work for social value evaluation
There are too many important measures to keep track of, and it’s almost impossible to understand how suppliers will deliver on their commitments when there is no structured approach to capturing this during the tendering process.
From tender to delivery, Impact measures
suppliers committed social value for you
Save the hassle of working with spreadsheets and put social value measurement on autopilot with Impact.
Impact automatically calculates the SROI from each bidders response in real-time, converting them into KPIs upon award.
Measure only what you need for each project, discarding what you don’t, without compromising on validity or completeness.
Let bidders clearly articulate how they will deliver on their commitments helping you choose the most suitable supplier.
Tenders and Contract Management all in one place
A joined-up approach to contract management and social value
For the first time, commissioners can create a joined-up approach between procurement and contrct magagement teams and ensure a suppliers well-intended commitment on a bid, is actually delivered. inreality. Save time and resources by switching from isolated systems to a centralised social value platform dedicated to helping you maximise the SROI from your contracts.
Generate more SROI from each bid
From Impact’s Tender Portal, bidders enter their quantitative targets alongside a method statement for each theme, showing how they can reliably deliver on their commitments.
Maintain supplier accountability
Upon award, themes are automatically converted into KPIs within Impacts project management dashboard for commissioners and pm’s to monitor delivery and for suppliers to log their activities against.
Automated Contract Management Tools
Contract Managers can view real-time dashboards complete with graphs, charts, live data tables and RAG displays to see what’s working, what’s not and how contractors are delivering on their commitments.
Easily integrate Impact into your existing procurement workflows and platforms.
Create custom measurements that go beyond standard measurement frameworks.
Align to different frameworks across multiple projects, from one centralised interface!
Collect and analyse consistent data at different stages of a beneficiaries journey, in one record.
Visualise the changes being made across all your projects and compile progress reports in seconds.
Adhere to new government requirements and move to a better way of evaluating social value commitments
Impact lets you adhere to the latest government regulations relating to social value in procurement. It’s now easier than ever to evaluate tenders based on quality as well as quantity, creating a level playing field for all bidders large and small.
Promote your social and economic agenda without compromising value
Understand bidders’ ‘value’ in its truest sense
Understand the wider positive benefits bidders can provide. See how bidders are helping local communities recover from COVID, how they tackle economic inequality, combat climate change and reduce waste, promote equal opportunity, reduce disability employment gaps, and improve health, wellbeing and community integration in addition to raw monetary values when evaluating their bid.
Build a resilient supply base
By including a bidder’s ‘social value score’ into the assessment of each contract bid, the wider positive benefits provided by businesses can be taken into account, build a more resilient and diverse supplier base.
Welcome small businesses
Level the playing field for socially responsible small businesses who have struggled to win contracts when competing against large corporates (with less than stellar records on social and environmental responsibility).
Deliver more for taxpayers
Provide cost-effective service provision and put taxpayers money to better use by addressing economic inequality, the climate emergency and societal wellbeing.
You know procurement, we know social value
Bring the measurement of social value into your tenders that helps ensure your compliance with The Social Value Model. Remove siloed working and disorganised spreadsheets of data. Instead, create a unified, joined-up approach across procurement and contract management teams and deliver more social value from each tender you award.