Reading Time: 13 minutes

Consource

The E2E digital procurement software to manage the consulting category, demand management, RFPs, sourcing, performance ….

Consulting Sourcing Made Easy

As companies focus on core we observe a growing number of procurement spend categories. Progress has been made in IT, Legal and Marketing but there is one category of professional service that still makes you wonder : management consulting.

Management consulting is a category extremely difficult to address with one size fits all procurement solutions. It requires a more customized approach for at least several steps of the consulting procurement process.

Over the years we have been developing our own customized solutions to support our consulting sourcing activities.

We thought it was time to bring them all under one unified platform and to offer this new platform to the businesses eager to professionally manage their consulting category.

Consource

The End to End Consulting Digital Procurement Software

Everything you need to optimize your consulting spend in one place. Best in class platform designed by consulting procurement experts for consulting procurement professionals.

Equip your procurement teams with state of the art capabilities to Scope Requirement, Find Consultants, Negotiate contracts and gain visibility to Reduce Costs and more importantly add More Value.

Take the consulting procurement from a traditional cost center to a strategic value creation lever by optimizing the E2E process with a category specific expertise. Consource can help you every step of the way.

Key Functionalities

Scoping & Approvals
  • Formalize all the requirements for your projects to cover all the key areas required for a consulting project.
  • Collaborate with colleagues and use our AI powered RFP wizard and our library of RFP templates.
  • Build the case to get your project approved and cross check with Consulting Strategy guidelines.
  • Manage the validation workflow to ensure consistency with your Consulting Category Strategy.
Strategic Sourcing
  • Identify the key characteristics your ideal consultant should meet to deliver on your project (expertise, location, language, ….).
  • Start creating your shortlist of providers by adding your existing list of preferred consulting firms
  • Supplement it with relevant alternatives thanks to the integration with Conavigo enabling an immediate access to more than 4000 consulting firms .
  • Invite consultants to your project, get NDAs signed, and share your request for proposal
Collaboration & Selection
  • Collaborate easily during the entire process with both your internal team and the consulting firms.
  • Share documents and get the answers in a dedicated collaborative workspace and chat board.
  • Compare proposals easily, ensure that key deliverables and compliance requirements are covered.
  • Score collaboratively all proposals, align all stakeholders and select the preferred consulting firm
Contract Management
  • Generate statements of work (SoW) in no time thanks to our library of templates, your standard terms and the requirements from the RFP
  • Collaborate on line to finalize the agreement, execute using electronic signature and take control with your own terms and conditions
  • Store all documents (RFP, Proposal, Project deliverables, SoW, NDA, T&C) in your own private library.
  • Manage the life cycle of the contract when projects events arise (scope change, timeline extension, …)
Performance Management
  • Evaluate and Manage performance on a project using our standardized metrics and ConpasTM methodology .
  • Capture the Impact, Savings and ROI estimations for each project as well as other metrics.
  • Get balanced scorecards for each consulting firm in your portfolio down, in real time .
  • Gather seamlessly meaningful data on strengths, weaknesses, areas for improvement and get insights for your next negotiation.
Impact & Spend Analysis
  • Understand in real time where and how you spend your Consulting Budget. What is happening and where it is happening.
  • Make sure you optimize your spend to accelerate your strategy. Identify opportunities for consolidation, substitution, synergies and other cost savings.
  • Identify the areas and departments where you are getting the best returns, where you overinvest and maybe underinvest.
  • Access rates and performance benchmarks from similar industries and similar projects thanks to the Conpulse community.
Supplier Management
  • Listen, Analyze and Improve with the leading Performance Management System for Consulting Services.
  • Identify Strengths and Weaknesses of your Consultants and your Project Managers.
  • Define improvement plans, track progress against agreed milestones and increase collaboration.
  • Use your Consulting Providers on the right projects and identify when its time to change.
Consulting Category Strategy
  • Define your goals and priorities, identify the key projects or project areas where using consultants will accelerate your strategic objectives and create the biggets impact.
  • Identify the capabilities and expertise you will need to execute your strategic roadmap and adjust your panel of preferred providers.
  • Guide your teams towards the key actions supporting your strategy, and conversely indicate areas where a lower effort should be engaged-
  • Set the rules for decision making and make or buy implementation (make, buy, hybrid execution models) –

See Consource in action

Consource

Categories such as logistics, software licensing, professional services, and telecom have been shown to deliver above average returns when they are managed more holistically with a higher level of contextualized expertise.

Philip Ideson

Managing Director, The Art of Procurement

The Benefits

Consource

Faster Sourcing

Streamline your processes. Thanks to an intelligent and intuitive interface do everything faster and better. Let us take handle the heavy lifting and focus on what matters.

Consource

Reduced Risks

Select consultants you can trust, Check their expertise, thought leadership and ratings from former clients. Involve key stakeholders in the decisions for a transparent data driven decision making.

Consource

Increased Collaboration

Collaborate in real time. Engage internal team members. Exchange with consulting firms. Get access to insights from our community of users. All this is a secure environment.

Consource

Higher Value

Find the right consulting firms to maximize the impact. Reduce costs by creating relevant competitions. Maximize your return on investment and value creation.

Key Features

!

Modular Approach

!

Intuitive Interface

!

Premium Support

!

Multilingual

!

Security & Compliance

!

Fast set-up

!

Community Insights

!

Self Service Portals

Bring your consulting sourcing to the next level with Consource

the #1 Consulting Digital Procurement Software.

Why select Consource ?

Consource

Integrated Suite with Modular Solutions

Consource is the #1 suite for Consulting Sourcing. We designed the suite, integrating all the steps of the process. However each module is available separately.

Consource

Tailored for the Consulting Category

We focus exclusively on the Consulting Sector. Consource was designed at first by the Consulting Quest team for their own needs. Designed by experts so that you don’t have to be one.

Consource

Powered by the largest Consulting Databank in the world

Consource is integrated with Conavigo. The largest guidance platform for consulting. We have already mapped 4000 firms, 1.2M consultants and we keep learning from the community.

Consource

Built to both reduce costs and maximize value

Creating relevant competition with the right tier of consultants will drive material savings. Working with the right consultants will maximize the impact. The combination of both will drive value.

Consource

Leveraging the power of the smart consulting sourcing community

Templates, Insights, Rate Cards, Knowledge Base, Q&A, Consultants Ratings. The community makes you stronger.

Consource

Designed with Confidentiality & Security as priorities

We take the security of your data very seriously and partner with the best in the market for authentication, encryption and storage to ensure they remain safe.

See Consource in action

Recent Insights

global management consulting industry
Global Management Consulting Industry: a comprehensive guide (2021)

Global Management Consulting Industry: a comprehensive guide (2021)

The management consulting industry is a global market. The consultants help companies in various sectors solve problems by applying management theory and business expertise acquired from research through developing concepts, practices, and procedures for implementation across different sectors worldwide. Did you know that most companies work...

READ MORE

RFP for consulting
RFP for consulting services: The Definitive Guide (2021)

RFP for consulting services: The Definitive Guide (2021)

An RFP for consulting services is a document that contains all the information about the project, client's expectations, and requirements. It is an important part of the selection process because it provides a clear scope of work to consultants and helps them decide if they want to take on this particular project. The RFP should present the...

READ MORE

How to Buy Consulting Services like a pro: The Definitive Guide (2021)
How to Buy Consulting Services like a pro: The Definitive Guide (2021)

How to Buy Consulting Services like a pro: The Definitive Guide (2021)

When you buy consulting services, you usually want to buy value. This article will teach you how to buy consulting services and ensure that they are worth what it costs. There are many advantages and compelling reasons why you should hire a consultant for your next project. In today's fast-paced, ever-changing environment, your company must do...

READ MORE

Frequently Asked Questions

Can I use only some modules ?

  • Consource started with only Performance Management we progressively added modules to create the full suite.
  • Even though the digital procurement software is fully integrated each module can be used separately.
  • You can select to use only the RFP wizard, the integration with Conavigo for sourcing, or the Performance Management Module.
  • The workflows can be customized to adjust to your process. As such you can decide to activate or not the demand management functionalities.
  • In short, you decide on what part of the process you want to use in Consource, almost everything can be switched on and off

How do you ensure Security & Confidentiality ?

  • We know that we are dealing with very sensitive data and we have designed Consource to secure confidentiality
  • We have heavily invested to ensure state of the art security features: Multiple factor authentication, Data Encryption, Web servers firewalls
  • We are compliant with the latest regulations: GDPR, Privacy Shield.
  • All benchmark information and community insights are anonymized and scrubbed.
  • In short, we protect your information as if it was our own.

How long does it take to source consultants ?

  • You are in control of the process and you set the milestones. Depending on your requirements and selectivity you can indeed go pretty fast.
  • From the moment our clients start a project request in Consource to the moment they actually contract with the consultants and start the project we observe on average 2 to 4 weeks
  • Half of this time is usually on the consultant side to understand the projects and prepare a proposal. That part is hard to compress.

Are you handling payments ?

  • No, we are not. As it would be quite redundant with your own systems.
  • Once a contract is set up you will process the order to pay through your own process and ERP/PTP solution
  • As part of our roadmap, we plan to develop integrations with mainstream ERPs and Procure to Pay solutions

What is the size of your consulting network ?

  • We rely on a continuously growing network of consulting firms.
  • Through Conavigo, we have mapped 4000 Consulting firms over 18 046 offices in 216 Countries. We have classified their experience across 154 Capabilities and 150 Industries.
  • Each time we identify a new consultancy or a client brings us a new company they would like to work with; we integrate it into our mapping.
  • We tend to manage the network of independent consultants on a private separate database to avoid overcrowding the options but using independents is also possible.

What if I want help with my sourcing ?

  • Consource is the app we use for our own needs for consulting sourcing.
  • If you need help beyond the standard support, there is always the possibility to ask for help at any stage :
    • Curating a list of potential consultants,
    • Scoping your RFP,
    • Negotiating your SoW,
    • Leveraging your Spend Analytics,
    • Working on your Consulting utilization Strategy
  • Our Conpaas teams will be happy to assist you with your projects

How does Consource interface with our existing solutions ?

  • In short, it does not. But we carefully designed Consource to minimize the interface points.
  • Meanwhile, our digital procurement software provides all up-to-date information in an organized manner.
  • Integrations with ERPs, PTP solutions, and SRMs are part of our roadmap.

Is there a module for contingent workforce management ?

  • Consource is designed to help with Consulting Procurement. 
  • For the time being, we have decided to focus on the strategic sourcing part of the process and have not integrated the Procure to Pay part and do not handle payments or interfaces with ERPs for issuing and processing orders.
  • A module will be added in the future if demand justifies.
Do you have more questions about Consource, our digital procurement software for Consulting? Contact us!

Related Solutions

Consource

Conavigo

The #1 consulting search engine. Company profiles, thought leadership, customer ratings and more

Consource

Conpaas

Need help with sourcing ? Check out our white glove Consulting Procurement As A Service offering.

Consource

Conpex

Work with expert consultants to increase the maturity of your sourcing process by implementing best practices from demand to performance management

Want to discuss about your next project?
Let’s Talk

Book a meeting, Ask for a Call Back or Chat with us on line. You can also drop by for a coffee but there is no button for that.

Consource