The Margin Roundtable · Tuesday 19 January 2027, London · finance, procurement and commercial leaders, one room, no slides Ask for a seat →
Who it is for

Each person around a deal asks a different question, and each gets an answer before the deal is signed.

Margin is made in two places: the price you pay suppliers and the price you charge customers. Here is one moment in each of their jobs, and what the platform puts in front of them. Each role sees its own side, and the CFO sees both.

Will Harman, Chief Business OfficerHe ran spend analytics across 50 to 60 businesses, became our customer, then an investor, then joined the team.
CFOChief financial officer

Tuesday, 8.40am. Two hundred and fourteen purchase orders are waiting for sign-off. Eleven break a rule, and those are the only ones on your screen, each with the money and the fix.

Which deals change EBITDA this month, and what should my team do about them?

  • Sign off two hundred purchase orders a week, and see only the ones that break a rule, each with its verdict, its effect on EBITDA and the fix
  • Margin on every customer contract at bid and today, with the contracts in the action zone named
  • Savings identified, agreed and banked in EBITDA, against last quarter
  • Every action with a named owner and a date
Reviewed fortnightly, or weekly during a carve-out
Margin reviewEBITDA +£1.2m this quarter
Margin today10.9%+0.6 pts on last quarter
EBITDA kept by verdicts£1.2m+£0.3m on Q2
Orders that need you11of 214 this week
ACTION ZONE · BELOW 10%8%10%12%14%Copper clause added12.8%at bid10.9%todayNovFebMayAugOct
Verdicts and actions
PO 48117 · Corrina PackagingRaised above the supplier contract price+£105.6kEscalate
Northline Rail · rail maintenanceMargin 7.2% in years 4 and 5, rule is 8%+£890kRenegotiate
PO 48140 · Yewwick FleetIn line with the supplier contractOn planApproved
CPOChief procurement officer

A supplier renewal rolls over in 31 days. Twelve months of its invoices have already been checked against the supplier contract, and the negotiation briefing is ready before you open the email.

Are our purchase orders going out at the contract terms, and which savings are banked?

  • A verdict on every purchase order and supplier contract before approval, the same verdicts the CFO sees
  • Purchase orders held to the supplier contract price and terms, so leakage stops before it is paid
  • Supplier invoices already checked against the supplier contract before each renewal
  • Savings ranked by size and ease, and every initiative tracked until it is banked in EBITDA
Opportunity assessment in 10 to 20 days, then tracked weekly
Savings and verdicts£4.2m banked this year
Banked in EBITDA£4.2m+£0.9m on last quarter
Leakage stopped£640korders held to contract
Initiatives live149 on track
Verdicts and actions
Renewal · contract cleaning, in 31 daysThree rates above market, invoices checked+£220kRenegotiate
PO 48203 · freightRate above the supplier contract+£18kHeld at contract
PO 48211 · steel coilAt the supplier contract priceOn planApproved
Why margin slips

Sales hits its target, procurement hits its target, and four years later the contract loses money. Nobody sits across all three.

Nobody did a bad job. It is a structural gap, and it is the one the platform closes. One minute.

Alex GrundyCo-founder, Commercial
CDCommercial director

A quote for a three-year supply agreement goes out at five. Before it leaves, it is checked against the supplier costs underneath it and the terms of the customer contract.

Will this quote, renewal or sales order still make money when supplier costs move?

  • A verdict on every customer contract and renewal: whether it makes money, its effect on EBITDA and the clause to add
  • The price buffer each quote needs, from the market outlook for the costs underneath it
  • Quotes and sales orders checked before they go out, at the right price and in line with the customer contract (roadmap Q1 2027)
  • Every price rise the customer contract allows billed, so everything you are owed can be claimed
A briefing before every price review
Commercial verdicts£380k billed under contract
Price buffer needed3.5%copper, next 12 months
Billed under contract£380k+£95k on last quarter
Below cost and buffer9customer contracts
100110120Price buffer 3.5%116supplier cost112customer priceNovFebMayAugOct
Verdicts and actions
Northline Rail · renewalLoses money in years 4 and 5 as signed+£890kAdd copper clause
Quote Q-2290 · copper cablePriced below cost plus buffer+£64kRaise to £1,512/t
Customer B · index riseAllowed by the contract, not yet billed+£46kBill now
PEOperating partner

Quarterly portfolio review. Twelve companies on one page, and the contracts in each that decide whether the value creation plan lands.

Where is margin won across the portfolio, and which companies are ahead of plan?

  • A cube of cubes: each company's spend, contracts and margin rolled up into one portfolio view
  • Opportunities across the portfolio, such as suppliers several companies share and could buy from together
  • Margin against plan for every company, so you can see who is ahead and where help is needed
  • A fixed price per company, the same platform everywhere
Live in each company within weeks of the first data
Portfolio cube£38m EBITDA opportunity
EBITDA opportunity£38macross 12 companies
Ahead of plan9 of 12+2 on last quarter
Shared suppliers214bought by 3 or more
Verdicts and actions
Steel · 6 companies, one supplier groupBuy together at portfolio volume+£2.1mAggregate
Company 4 · copper in 38% of spendCustomer contracts lack an index clause+£1.3mAdd clauses
AIHead of AI

The board asks what AI is in production. You open Cassian, ask a question nobody prepared for, and show where every figure came from.

Can we trust its numbers at our scale, and how fast can we build on it?

  • 100% of figures traced to your own data before they are shown, and anything untraced removed
  • Agents live with clients on more than 100 million transactions, across many ERPs at once
  • An MCP server, so Copilot, ChatGPT, Gemini and your own agents use the same cleaned data and the same numbers
  • A fast start for your AI programme, with the next use cases built on data that is already clean
First answers on your own data in 10 to 20 days
Agents in production100% traced
Questions answered1,240+32% on last month
Typical answer6 secno report built first
ERPs read together6one cleaned dataset
100m+transactions live
15agents, one cleaned dataset
MCP SERVER · SAME NUMBERS INCopilotChatGPTGeminiYour own agents
Agents
Verdict agentPurchase orders checked this week214Live
MCP serverCopilot and ChatGPT connected2 toolsLive
Opportunity Assessment AgentSavings ranked this quarter62Live
BDBoard

The board pack asks one thing: are our prices keeping up with our costs? One page answers it, contract by contract, with what is being done about each gap.

Are our customer prices staying ahead of our supplier cost increases?

  • Customer price increases against supplier cost increases, on one chart
  • The contracts where costs have moved ahead of prices, and what is being done about each one
  • EBITDA against plan, with the same numbers the CFO sees, never a separate pack
One page per board meeting
Board pageEBITDA +£4.6m on plan
Supplier costs+9.5%since Q1 2025
Customer prices+9.8%since Q1 2025
EBITDA on plan+£4.6mthis year
100105110Costs ahead of pricesPrices ahead+9.8%customer prices+9.5%supplier costsQ1 25Q3 25Q1 26Q4 26
Verdicts and actions
Two contracts with costs ahead of pricesOwners named, fixes due 1 Jan+£1.1mIn hand
Savings programmeBanked in EBITDA this year+£4.2mOn track
Make the case inside your company

Your costs change more often than your customer's price, so margin moves on both sides of every deal.

Use this section with your CFO, your commercial director or your board. It explains the problem in one picture, shows where margin leaks, and lists the only five ways to fix it.

MARGINAT BIDWHAT ISLEFTThe price you sell atwhat the customer contract saysWhat you actually invoicesales orders at the wrong priceSupplier costwhat the supplier contract saysWhat you actually paypurchase orders off contract or at the wrong rateBIDTIMEREBID
MarginSales order driftPurchase order drift

Negotiating hard with suppliers protects your cost. Your margin only holds if the price you charge your customer moves too.

YOUR SUPPLIER CONTRACTYour cost is going up by X in three years' time.

Procurement can see it coming: the index, the reset date and the rate in the supplier contract.

The conversation that rarely happens
YOUR CUSTOMER CONTRACTSo your customer price needs to go up by Y.

Unless someone tells sales and pricing, the customer price stays where the bid put it.

No pass-throughYour supplier price follows an index. Your customer price does not.
The wrong indexYour customer price follows one index, your supplier cost another.
The wrong clockYour supplier reprices every month. You reprice once a year.
A cap that bitesYour customer price can only rise so far, and the cost went further.

Margin is two-sided. Work on it with sales and pricing, not just on your own costs.

Twenty places margin leaks. Most businesses have four or five of them.

The first two columns are what the paper says. The third is whether anyone follows it, before and after signature. The fourth is what happens when the relationship is tested. Tick the ones you recognise.

0of 20 ticked
1 · MARKET PRICESPut a number on it before you commit.
2 · COST ARCHITECTUREMake what you sold and what you buy line up.
3 · TRANSACTION CAPTURECheck it before you sign, then check the invoice.
4 · RELATIONSHIP GOVERNANCEMatch your promises to your suppliers' promises.

If yours is not on here, tell us and it goes on the list, because this map has grown before. You can have the best contract in the world and still lose the margin, because nobody checks the next order against it.

Whatever we find, there are only five ways to fix it.

Most of what we find is in the wording of the contracts themselves.

THE FIXWHAT CHANGESWHAT YOU GET
01Match both sidesThe same index and the same reset date on both sides of the deal.The cost move reaches your price on its own, instead of waiting for a negotiation.
02Rebuild the priceThe price you quote is built on how the cost actually behaves.New work is priced on today's cost, so the margin holds from the day you sign.
03Price the volatilityWhere you cannot mirror it, a buffer goes into the price instead.You get paid for carrying the volatility rather than absorbing it.
04Set the ruleThe next bid, order and supplier contract is checked before it is signed.The same gap cannot be signed twice.
05Cover what is leftA hedge over the volatility the paperwork cannot fix.What remains is a known cost rather than a surprise in the accounts.

It is not only metals. The same four things happen on energy, freight, labour, packaging, tariffs and currency: wherever a cost moves on someone else's timetable and your price does not.

Tell us your role, and we will show you your view on the demo.

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