Due North Date of Investment: June 2006
Industry: Public and Private Sector
Solution Category: Procurement and Compliance
Description: Esourcing and contract management solutions.
The Business Description
Due North are innovators in sourcing and contract management solutions. Their extensive experience in the market ensures that customers have the ability to make balanced, objective decisions on all matters related to sourcing Goods, Services and Suppliers and in Managing Contracts and Suppliers.
ProContract is an on demand, Software as a Service solution, available on a 24x7 basis, which can be implemented in a short period, delivering major cashable and efficiency savings via a flexible, customisable and repeatable set of processes.
Due North has over 130 customers including such organisations as the Bank of England, Metropolitan Police, Newcastle University, University Hospitals Leicester and many large Local Government Authorities.
The Management Team
Due North is managed by Alan Gray, a founder of the original business and who has been involved in developing financial solutions for over 20 years. He is ably supported by the Due North specialists who bring many years of procurement experience with them.
Current Business Performance
Due North operates a total Software as a Service solution for over 130 customers on minimum 3 year contracts. Many customers have been working with Due North for 5 to 7 years. Due North holds two framework contracts recognised by the Official Journal of the European Union. Each of these enables a Public Sector organisation to buy their solution without going to tender.
Reports issued by HM Treasury proposing that all Public Sector organisations must engage suppliers via electronic tendering mean that the Due North solution has a healthy opportunity in the public sector in years to come. Due North has also seen an increased uptake of their solution in the Private Sector and other vertical markets such as Not for Profit.
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