The table below looks at the statistics for Procure-to-Pay skills in IT contracts advertised for the City of London region. Included is a guide to the contractor rates offered in IT contracts that have cited Procure-to-Pay over the 3 months to 23 July 2016 with a comparison to the same period over the previous 2 years.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

3 months to
23 Jul 2016
Same period 2015 Same period 2014
Procure-to-Pay (including Purchase-to-Pay, P2P)
Rank 167 201 175
Rank change year-on-year
+34 -26
Contract jobs citing Procure-to-Pay 3 11 20
As % of all contract IT jobs located in the City of London 0.088% 0.19% 0.35%
As % of the Processes & Methodologies category 0.10% 0.23% 0.43%
Number of daily rates quoted 1 9 15
Median daily rate £450 £460 £388
Median daily rate % change year-on-year
-2.17% +18.70%
UK excluding London median daily rate £440 £400 £425
% change year-on-year
+10.00% -5.88%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £36.25 £30.00 -
% change year-on-year
+20.83% -
Procure-to-Pay
London

The following table is for comparison with the above and provides statistics for the entire Processes & Methodologies category in contract jobs advertised in the City of London region.

Processes & Methodologies Category
City of London
Contract IT job ads with a match in the
Processes & Methodologies category
2916 4778 4634
As % of all contract IT jobs located in the City of London 85.34% 80.64% 80.58%
Number of daily rates quoted 2371 3783 3452
Median daily rate £475 £470 £450
Median daily rate % change year-on-year
+1.06% +4.44%
90% offered a daily rate of more than £338 £325 £308
10% offered a daily rate of more than £625 £625 £625
UK excluding London median daily rate £400 £385 £375
% change year-on-year
+3.89% +2.66%
Number of hourly rates quoted 19 47 46
Median hourly rate £12.50 £22.50 £22.00
Median hourly rate % change year-on-year
-44.44% +2.27%
UK excluding London median hourly rate £28.50 £30.00 £27.50
% change year-on-year
-5.00% +9.09%

Procure-to-Pay
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Procure-to-Pay as a proportion of all IT contracts with a match in the Processes & Methodologies category.

Procure-to-Pay Jobs Demand Trend in the City of London

Procure-to-Pay
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Procure-to-Pay across the City of London region.

Procure-to-Pay Daily Rate Trend in the City of London

Procure-to-Pay
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Procure-to-Pay across the City of London region.

Procure-to-Pay Hourly Rate Trend in the City of London

Procure-to-Pay
Top 19 Related IT Skills in the City of London

For the 6 months to 23 July 2016, IT contractor jobs citing Procure-to-Pay also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Procure-to-Pay.

1 3 (75.00%) Oracle
1 3 (75.00%) Cash Management
1 3 (75.00%) Oracle Procure-to-Pay
2 2 (50.00%) Oracle Cash Management
2 2 (50.00%) Oracle E-Business Tax
2 2 (50.00%) Oracle iProcurement
2 2 (50.00%) Finance
2 2 (50.00%) Oracle Payables
3 1 (25.00%) Legal
3 1 (25.00%) DV Cleared
3 1 (25.00%) Security Cleared
3 1 (25.00%) SAP
3 1 (25.00%) Business Intelligence
3 1 (25.00%) Foreign Exchange (FX)
3 1 (25.00%) Intranet
3 1 (25.00%) Risk Management
3 1 (25.00%) C
3 1 (25.00%) SAP BPC
3 1 (25.00%) Budgeting and Forecasting

Procure-to-Pay
Top Related IT Skills in the City of London by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Business Applications
1 3 (75.00%) Oracle Procure-to-Pay
2 2 (50.00%) Oracle Cash Management
2 2 (50.00%) Oracle E-Business Tax
2 2 (50.00%) Oracle iProcurement
2 2 (50.00%) Oracle Payables
3 1 (25.00%) SAP BPC
Communications & Networking
1 1 (25.00%) Intranet
General
1 2 (50.00%) Finance
2 1 (25.00%) Legal
Job Titles
1 1 (25.00%) Accountant
1 1 (25.00%) Procurement Officer
1 1 (25.00%) Report Manager
Miscellaneous
1 1 (25.00%) Foreign Exchange (FX)
Processes & Methodologies
1 3 (75.00%) Cash Management
2 1 (25.00%) Budgeting and Forecasting
2 1 (25.00%) Business Intelligence
2 1 (25.00%) Risk Management
Programming Languages
1 1 (25.00%) C
Qualifications
1 1 (25.00%) DV Cleared
1 1 (25.00%) Security Cleared
Vendors
1 3 (75.00%) Oracle
2 1 (25.00%) SAP