Procurato Ltd

What Procurato Ltd does

Procurato Ltd is a privately held UK specialist consulting firm founded in 2015, operating two integrated service divisions: Procurement Consulting (cross-industry) and Insurance Claims Performance Improvement (pet, motor, property, commercial, health). The procurement practice covers opportunity identification, strategic sourcing, capability uplift, supply chain development, and procurement outsourcing for clients in financial services, private equity, construction, manufacturing, public sector, technology, pharma & healthcare, and utilities. The insurance practice delivers claims handling audits, supply chain benchmarking, market and competitor insights, policy terms and pricing optimisation, and regulatory compliance work (notably UK Consumer Duty).

The company's technology layer consists of proprietary AI-driven analytics products built in-house, including SpendQube (spend analytics), PetsQube (pet claims opportunity assessment), and a Risk Management product, with Contract Management announced as forthcoming. AI capabilities span process automation, predictive analytics for total-loss vehicle identification at First Notification of Loss (documented 60-75% accuracy, 30% reduction in claims processing time), computer vision for damaged-vehicle assessment, and AI orchestration across insurance claims workflows. Documented client outcomes include approximately 15% savings across a rate card for a public liability insurer with GWP exceeding £500m, savings in excess of 8% of total pet claims spend for one of the largest UK pet insurance books, and analysis of approximately 8,000 individual rate line items in a single benchmarking engagement.

Procurato generates revenue exclusively through project-based consulting engagements (time-and-materials or fixed-fee), supplemented by an emerging managed-services/analytics-licensing element around its proprietary tools. Go-to-market is enterprise field sales led by senior leaders, with no self-serve or product-led motion. Marketing is anchored in a content and thought-leadership engine (Journey of a CPO podcast, CPO Playbook, IT Procurement Strategy 2026 Report, industry webinars). Headquartered in London, the firm operates a second office in Cape Town, South Africa, holds Google Cloud Partner and Microsoft Solutions Partner credentials, and is BSI ISO 9001 certified.

Name

Procurato Ltd

Legal name

Procurato Ltd

Website

https://procurato.co.uk

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

Procurato Ltd is a UK specialist consulting firm (founded 2015) that delivers procurement and insurance claims performance improvement services to enterprise and mid-market clients, supported by proprietary AI-driven analytics tools (SpendQube, PetsQube).

Ownership category

akta.pro rank

Product category

Procurement & Insurance Consulting

NAICS

Other Scientific and Technical Consulting Services (54169), Software Publishers (51321)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Invoice Processing & 2/3-Way Match Support (BPAAAJAG)

akta.pro secondary industry

Compliance, Risk & Supplier Due Diligence (KYC/ESG/Sanctions) (BPAAAJAK)

Keywords

• Procurement consulting
• Insurance claims consulting
• Spend analytics software
• Supply chain consulting
• Claims performance improvement

Headquarters

HQ city

City Of London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. Procurement Consulting Services: Project-based consulting engagements covering opportunity identification, strategic sourcing, procurement capability uplift, supply chain development, and procurement outsourcing. Revenue is generated through time-and-materials or fixed-project fee arrangements with enterprise and public sector clients across industries including Financial Services, Private Equity, Construction, Manufacturing, Public Sector, Technology, Pharma & Healthcare, and Utilities.
2. Insurance Claims Performance Improvement Consulting: Specialist consulting engagements for insurance companies focused on claims performance improvement, supply chain management, market and competitor insights, and data & analytics. Includes end-to-end reviews of claims processes, sourcing of insurance indirect spend, and regulatory compliance work (e.g., Consumer Duty). Spans Pet, Motor, Property, Commercial, and Health insurance sectors.
3. Data & Analytics Products and Services: Proprietary analytics tools (SpendQube, PetsQube, Risk Management) and associated consulting services. Products provide clients with dynamic, actionable insights for claims spend visibility and procurement initiative support. Revenue includes both tool licensing elements and associated implementation/consulting services.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels7 records

Core offering

Procurato Ltd is a specialist consulting firm that delivers project-based procurement and insurance claims performance improvement services to enterprise and mid-market clients, supplemented by proprietary AI-driven data and analytics products (SpendQube, PetsQube, Risk Management) and capabilities in AI agents, workflow automation, and computer vision for claims triage. The firm works across industries including Financial Services, Private Equity, Construction, Manufacturing, Public Sector, Technology, Pharma & Healthcare, and Utilities, with deep specialisation in pet, motor, property, commercial, and health insurance claims.

Product overview

Procurato Ltd is a specialist consulting firm operating across two core divisions—Procurement consulting and Insurance consulting—supplemented by proprietary AI-driven Data & Analytics products. The product portfolio includes SpendQube (spend analytics software), Risk Management, PetsQube (pet claims analysis tool), and Contract Management (coming soon). These software products are complemented by consulting services including AI Agents and Workflow Automation, AI Orchestration, and Data Quality Consulting. The products provide insurers and procurement clients with dynamic, actionable insights and full cost visibility.

Differentiator

Problem solved

Functional benefit

Brands

• PetsQube: Pet claims opportunity assessment tool and product
• SpendQube

Products and services

• Procurement Consulting Services Project-based procurement consulting engagements covering spend analysis, opportunity identification, strategic sourcing, tail spend management, post-merger integration, supplier due diligence, procurement maturity assessment, target operating model design, digital procurement assessment, technology sourcing, supply chain risk assessment, supplier relationship management, sustainable procurement and procurement outsourcing. Delivered to enterprise and mid-market clients across Financial Services, Private Equity, Construction, Manufacturing, Public Sector, Technology, Pharma & Healthcare, and Utilities.
• Insurance Claims Performance Improvement Consulting Specialist consulting engagements for insurance carriers focused on claims performance improvement, including claims handling optimisation and triage, claims audits, supply chain benchmarking, insurance market outlook and competitor analysis, claims sourcing, technology implementation and process automation, insurance project management, policy terms and pricing optimisation, and underlying inflation analysis. Spans pet, motor, property, commercial and health insurance.
• SpendQube Proprietary AI-driven spend analytics software that analyses approximately 8,000 individual rate line items in benchmarking engagements to help procurement leaders and insurers identify savings opportunities, benchmark performance, and make informed sourcing decisions.
• PetsQube Proprietary pet claims opportunity assessment tool that combines a custom coding tool with claims spend analysis and market benchmarking to produce granular, evidence-based analysis of a pet insurer's claims book. Used to identify savings opportunities and best-in-class management and control.
• Risk Management Product Data and analytics product within Procurato's Data & Analytics portfolio that supports both insurance and procurement clients with supply chain risk visibility and decision-making support.
• AI Agents and Workflow Automation Data and tech consulting service that builds AI agents and workflow automation solutions to help insurers automate claims triage, total loss identification (with 60-75% accuracy using machine learning), and repair routing decisions.
• AI Orchestration Data and tech consulting service for orchestrating multiple AI models and workflows in insurance claims and procurement processes, including computer vision for vehicle damage assessment.
• Data Quality Consulting Consulting service within Procurato's Data & Analytics portfolio that improves data quality across procurement and insurance datasets, addressing the foundational data quality requirements that underpin AI and analytics tool accuracy.

Quantifiable outcome

• Savings of ~15% across a rate card for a Public Liability insurer (GWP >£500m)
• +4 more outcomes

Named customers7 records

Segments10 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• GEP Worldwide: Global procurement and supply chain consultancy combining advisory services with proprietary procurement software (GEP SMART). Direct peer in the procurement transformation space; competes on similar enterprise RFPs for sourcing, spend analysis, and capability uplift engagements.
• The Hackett Group: Global procurement and IT transformation consultancy with proprietary benchmarking IP and a similar specialist positioning. Comparable to Procurato in target market (CPOs, procurement leaders), service mix (sourcing, capability uplift, benchmarking), and emphasis on quantified savings delivery.
• Proxima: UK-headquartered specialist procurement transformation consultancy. Proxima is a direct peer — both firms deliver project-based procurement consulting to enterprise clients, with comparable service lines (spend analysis, strategic sourcing, capability uplift) and similar buyer personas (CPOs and senior procurement leaders).
• Charles Taylor: UK-headquartered insurance services group providing claims management, TPA, and consulting to insurers globally. Direct peer in the UK insurance consulting space, with overlapping client base across personal and commercial lines and comparable claims performance improvement offerings.
• Delta Capita: UK-based consulting and managed services firm focused on financial services and insurance. Comparable to Procurato's insurance claims practice — both serve UK insurers on claims performance, supply chain, and regulatory matters, with overlapping client bases in personal lines and specialty insurance.

Broad incumbents

• Capgemini Invent: Digital transformation and consulting arm of Capgemini with insurance and procurement offerings. Comparable in providing transformation consulting to insurers and large procurement functions, typically competing for larger multi-year programmes than Procurato's engagements.
• Bain & Company (Procurement Practice): Global strategy consultancy with a dedicated procurement and supply chain practice. Comparable in enterprise procurement transformation work but operates at vastly larger scale and competes for the largest strategic mandates.
• Baringa Partners: UK-headquartered independent consultancy with deep financial services and insurance practices. Comparable to Procurato in targeting UK insurers and FS firms, though Baringa operates across broader topics (risk, energy, commodities) and at larger scale.
• McKinsey & Company (Operations Practice): Global management consultancy with major procurement and insurance transformation capabilities. Competes for the largest enterprise transformation mandates where Procurato also bids, but at significantly larger scale and broader service portfolio.

Emerging players

• Source8 (formerly Spend Matters): Procurement advisory and analyst/research firm with a strong thought leadership and content presence. Comparable to Procurato in its content-marketing-led inbound motion and its focus on procurement decision-makers, though more analyst-led and less delivery-heavy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@procurato
• Instagraminstagram.com/journeyofacpo?igsh=MXB6cXFibWNzZ3l5bQ%3D%3D&utm_source=qr
• LinkedInlinkedin.com/company/procurato

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Procurato Ltd