Ensuring Best Practice in Procurement

Although a priority, effective procurement isn't just about getting the best value. It also involves staying compliant, maintaining transparency and following the correct workflows. With Panacea Software, best practice is built into every step of the procurement process meaning procurement teams can focus on making the best decisions—while the software takes care of compliance, fairness, and efficiency. 

Here’s how Panacea supports procurement best practices: 

Compliance with the Procurement Act 2023 

We are trusted by public sector organisations for procurement regulation compliance. 

Notice Integration 

Instantly publish notices to Contracts Finder, Find a Tender and the integrated public contract register. 

User-Friendly Interface 

Intuitive navigation, built-in reminders, and time-saving tools allow teams to focus on strategic procurement. 

Procurement Management 

Supports all procurement types including competitive procurement procedures, direct award, RFQs, DPS and dynamic markets, frameworks and call-offs. Our centralised contracts register provides a secure repository and library for all documents, communications and contract records. 

Supplier Management 

Streamlines supplier choice, due diligence, compliance checks, registration and performance monitoring. 

Audit Trail 

Full audit trail ensures visibility and transparency on all user actions. 

Insightful Reporting 

Quickly access real-time insights with configurable reporting tools. 

Streamlined Communication 

In-platform messaging improves communication and collaboration. 

SME Engagement 

Built-in tools to encourage participation from SMEs and sole traders, promoting a more diverse supplier base. 

Additional Features 

Integrate with finance systems for spend analysis, with added e-signature and e-auction functionality to further streamline processes. 

Dedicated Support 

Access award-winning support, with an online helpdesk, comprehensive training, and in-depth support materials to ensure your success. 

Are you ready to streamline procurement and stay compliant? Get in touch to see how Panacea Software can support your organisation.