The new and improved MISO
For G-Cloud 11, CCS updated how suppliers submit their MISO. Here, we look at why the new MISO is important.
Firstly, what is MISO?
MISO stands for ‘Management Information System Online,’ this means reporting any business that has taken place per calendar month. This also includes reporting whether you have had no invoices. In newer cases, they’ve referred to it as MI. So the two do mean the same thing.
What happens if you do not complete your MISO?
It is a contractual obligation that all suppliers must adhere to, so if you are on G-Cloud, you must submit a monthly MISO. Submissions must be reported by the 7th day of every month (or the nearest working day before the 7th day). As stated by CCS in the October G-Cloud Supplier newsletter, failure to provide timely and accurate returns may result in you being invoiced an admin fee for the costs of chasing or rectification and/or you being removed from the framework. So its important to keep your records up-to-date! If you want to know more about why the MISO is important, read our Time to sort out your MISO! blog.
The G-Cloud pend data, updated by CCS regularly, gets all of its information from submitted MISOs. So it’s important that suppliers get these in and on time.
What’s new?
With each iteration of G-Cloud, CCS modify their processes in response to any problems they’ve faced with past iterations. Whilst also listening to the users and actioning any feedback. For G-Cloud 11, CCS produced a brand new portal for MISO reporting, which can be found here. Called Report MI, the portal now allows users to backdate previous month’s MISO reporting, and also added a function where suppliers can amend any incorrect reporting via the ‘History’ tab – among other features. It’s all been changed and upgraded, as per feedback from suppliers who used the previous version of the system – to make reporting easier and quicker!
Another example of how CCS are consistently updating and improving MISO is that with each iteration of G-Cloud, CCS produces a new reporting template. It is important to note that when reporting your MISO you use the correct template for the correct iteration of the framework you are on, or that the business was conducted through. Although the differences appear subtle, each MISO template requires different information according to the iteration.
Share
