Time to sort out your MISO!
MISO is a contractual obligation for suppliers on frameworks such as G-Cloud and DOS. But what is it and why do you need to do it?
In this blog we cover why reporting your spend is important and what Crown Commercial Services does with that data!
MISO, in case you didn’t know, stands for ‘Management Information System Online’ and is the system that CCS uses to report the spend that goes through G-Cloud and DOS. MISO is one of the contractual obligations for suppliers, they must report monthly any contracts that have been through the frameworks.
What you need to know about MISO
Here are a few things to remember:
- Management Information (MI) returns are reported via a separate system and do not reside on the Digital Marketplace, you can find them here.
- You have until the 7th of each month to submit your MI returns and these are done one month in arrears.
- All frameworks are individually reported and so you must submit returns for each framework you are on.
- Even if you haven’t made a penny on DOS or G-Cloud you must submit a nil return each month.
- CCS do provide (under publicised) step by step guidance to submitting a MI return.
- Make sure you report for the correct iteration of the framework you are on, as suppliers can have contracts running after a new iteration of the framework is live.
But why is it important?
Other than being a requirement for suppliers there are a few other benefits to keeping your MI returns up to date. CCS use this data to keep track of how much business is going through the framework and to which suppliers.
It is also important to you as a supplier, as the subsequent spend data that is released is a great way for you to keep an eye on the competition and see which gov departments are buying through G-Cloud. But also, failure to submit your MI returns correctly within the 7-day timeframe, may incur unnecessary admin fees.
So, remember to keep your MISO up to date or risk losing your place on the framework! And, if you are stuck feel free to call your friendly neighbourhood procurement people (yes it’s us!) and we will be happy to point you in the right direction.