Public sector - Insights for Finance Managers
Help Your Finance Team Drive Value For Money With Oxygen Insights
Insights for Finance Managers (👈 Click here to download the playbook)
Enable your finance team to identify potential service area savings, get instant access to your spend data for rapid reporting, and better manage the risk of supplier failure.
Faster, simpler reporting on your third-party spend
Oxygen Insights helps finance, procurement and service areas work together by giving them a single source of spend data, helping them easily spot areas where their organisation is spending more than others, get better deals from suppliers, set accurate budgets, and drive savings.
Finance teams can quickly run spend reports, and see trends to help predict future spending. S151 Officers can also report on suppliers' finances and risk ratings, so they can anticipate likely supply chain problems. Help your finance team make better decisions with Oxygen Insights.
''We spend over £300 million with external contractors. To meet funding gaps, we’re trying to drive savings from our contract arrangements.
We use Oxygen Insights to inform our commissioning and procurement decisions. It provides us with good, clean, and quick data, and gives us assurance around our contracting arrangements. I would certainly recommend Oxygen Insights to other local authorities to gain the same efficiencies .”
— Nigel Denton, Procurement Manager, Shropshire Council
Find areas where value for money is at risk
Drawing on over 200m categorised invoices, Insights gives you the complete view of both procurement-led and tail spend. Quickly view spend across departments, and compare activity with similar organisations to help identify possible savings.
Understand your own data for rapid reporting
Finance teams often face urgent requests for spend reports, often requiring data from multiple systems. Our cleansed and categorised data allows finance to generate customised, downloadable spend reports quickly, based on the criteria you select.
Predict risk of supplier failure ahead of time
Reviewing supply chain spend to identify supplier risk can be difficult. Oxygen Insights' detailed spend data helps you spot when your over-reliance on a supplier, or a change in their financial circumstances, could potentially put service delivery at risk.