The UK Procurement Act 2023: Be prepared, choose Proactis Rego

The government plans to implement The UK Procurement Act 2023 in February 2025. This means that organisations must be ready to adapt to significant changes in the procurement landscape. With streamlined processes, increased transparency, and a shift towards digital procurement, this new regime is set to transform how public contracts are awarded and managed.

The UK Procurement Act 2023 will replace over 350 separate regulations with a unified, flexible framework designed to improve efficiency and transparency. A centralised digital platform will become the hub for supplier registration, contract management, and tendering; helping organisations to make better-informed buying decisions and reducing the administrative burden. The Act also encourages competition, fosters greater supplier engagement, and strengthens compliance with ethical and legal standards.

Some of the key changes introduced by the Act include:

Proactis Rego: The Ideal Solution for a Changing Landscape

As organisations prepare for the full implementation of the Procurement Act in 2025, it is essential to adopt a procurement solution that is equipped to handle these changes seamlessly. Proactis Rego is a well-established, proven procurement system that has been at the forefront of procurement in the public sector for many years. With its advanced digital platform and Software as a Service delivery model, Proactis Rego is fully updated with the tools needed to help organisations comply with the new requirements and enjoy the many benefits the Act will bring including increased efficiency and enhanced supplier engagement.

Here's how Proactis Rego can help:

1. Increased Efficiency: Proactis Rego automates key procurement processes, reducing the time and resources spent on manual tasks, and helping organisations meet the Act's demands for faster, more efficient procurement.
2. Improved Compliance: Proactis Rego ensures adherence to the latest regulations and helps organisations avoid legal and financial risks.
3. Enhanced Supplier Engagement: By facilitating open and transparent communication between buyers and suppliers, Proactis Rego fosters stronger relationships and encourages more competitive bidding.
4. Seamless Digital Transformation: As the Act mandates greater use of digital platforms, Proactis Rego's eInvoicing and contract management tools make it easier to transition to a fully digitised procurement process.

Do you need to upgrade your current procurement solution?

With the full implementation of the UK Procurement Act 2023 taking effect in just a few months, organisations must assess their current procurement systems and make the necessary upgrades. By choosing Proactis Rego, organisations will be ready to adapt to these changes, ensuring long-term success in an increasingly digital procurement landscape.

LAKE has been Proactis' Reseller Partner of the Year for the last five years and is dedicated to supporting organisations through this transition. We ensure that our clients are fully prepared to embrace the future of procurement, driving efficiency, compliance, and success in the new regulatory environment.

Take the next step

If you would like to find out more, please download one of our Proactis Source-to-Pay Beginners Guide or call me now on 0113 273 7788.

by Agata Lech

Blog updated 16th October 2024.