End-to-end eProcurement and Contract Management system for NS&I
National Savings and Investments (NS&I) is an Executive Agency of the Chancellor of the Exchequer and of the UK’s largest retail savings organisations. It is best known for Premium Bonds but also provides a range of other savings products to suit different people’s needs.
We are delighted that National Savings & Investments (NS&I) have chosen Panacea Software to create an end-to-end eProcurement and Contract Management system.
NS&I’s software package gives their team everything they need to manage market engagement, opportunities and tenders through to contract, and create a contract register. It includes Panacea’s Core modules for the team’s contract management workflow, so NS&I can monitor performance, activity and spend on each contract.
With Panacea Software’s ability to integrate with NS&I’s finance system and third-party solutions , means further streamlining for NS&I’s procurement team’s end-to-end workflow, data capture and reporting options.
The Panacea system is easy to navigate and simplifies many administrative tasks which were cumbersome and time-consuming in our old system. The functionality for building tailored supplier questionnaires to suit a variety of scenarios is very dynamic, and other features such as clarification Q&A are easy to use. We have also established a good working relationship with the Panacea team, who are proactive in responding to support requests, and open to our suggestions about further improvements or refinements to the system – which will be especially important as UK public procurement sees big changes post-Brexit.
— Jamie Thomas, Commercial Manager, NS&I