For companies selling products, supplies or As-a-Service solutions
Most organisations that sell products, supplies, or productised services to the public sector are missing out and could be selling a lot more. A LOT MORE.
(Here, "productised services" include digital-first services, subscription-based services, as-a-service-solutions, packaged service products, and any work-as-a-service).
The reason for missing out is often two-fold. A lack of understanding of how to sell to the public sector and a lack of the right tools to support the sales operation.
For many companies, the way they sell products and productised services to the public sector has been unchanged for decades.
Simplified, it often looks something like this:
Time and again, we observe that the most successful public sector suppliers are successful because they are actively selling to the public sector; much in the way they are selling to the private sector.
When selling to the private sector, they of course also respond to inbound requests, but they actively go prospecting.
They identify potential customers who are likely to require for their products and start establishing a relationship with them (aka “selling”).
Many companies don’t do this with the public sector, due to a misunderstanding that the public sector only buys things via tenders, and nothing could be further from the truth.
Public sector organisations can buy directly from you without going to tender, by using frameworks and DPSs.
Again, some organisations are deterred from active selling because they are not on many frameworks.
In EU/UK, public sector organisations can often use other public sector organisation’s or purchasing organisations' frameworks, even if they were not part of the creation of the framework.
For organisations that are on any frameworks (or other similar contracting vehicles), it is the salesperson’s responsibility to make sure what contracting avenues are available to a prospect, who is interested in buying from them.
Intelligence plays a crucial part in the competition to win more business with the public sector.
The intelligence you need and how you act on it depends partly on whether you are on any frameworks or other general contracting vehicles in the country in question.
In countries where you are not on any frameworks or DPSs that can be used as general contracting vehicles, you need to do the following as a minimum:
In countries where you are on one or more good frameworks/DPSs you should do all the things described above for countries where you are not; except with one adjustment: You evaluate new frameworks a little more critically.
In addition to the above, you should also do the following:
For the last two initiatives, the organisations are often divided among several account managers or heavily prioritised.
When analysing the companies that are most successful in growing their public sector business, some key traits are easily identified:
When it comes to configuring searches that capture relevant procurement information, the traditional approach of searching for keywords and/or CPV codes leads to many missed opportunities.
Every day, relevant procurement notices are published where the buyer describes what they want to buy, using words and phrases that are different to those we were expecting the buyer to use, and classified using wrong or very generic CPV codes.
Tenderlake solves this problem by taking advantage of the AI revolution by offering AI Search.
Tenderlake AI Searches transforms any description of a service offering or individual expertise into meaning, which is matched with the meaning of procurement notices.
This enables Tenderlake to identify opportunities that are relevant to a description of a business unit, practice area or individual specialism, even if there are no shared words or phrases in the two descriptions.
AI also helps identify signals that indicate when a buyer is likely to have a future need for a company’s products and services, which again enables sales teams to start engaging earlier than what has traditionally been possible.
Tenderlake provides the solution and access to the data that powers growth in public sector sales with a growing number of top-tier companies.
For organisations operating throughout Europe, we also make every contract notice and prior information notice available in English.
This not only speeds up screening of opportunities but allows searching across all European tenders using the same, English-language searches.
If you are ambitious about growing your company’s sales to the public sector, then get in touch for a discussion about how Tenderlake can help your ambitions become reality faster than you might think.
Contact us for an informal discussion about how Tenderlake can help you achieve your ambitions.
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