Offerings comprised of jointly designed and provided products and services (Product-Service Systems, PSS) are a cornerstone of a future circular economy. Implementing a design process aimed at facilitating the provision of PSS with a lifecycle focus is seen as an important step in implementing these new types of offerings. Challenges with this have been reported, and examples of companies offering PSS without adjustments to existing, product sales-centric design processes are found in literature. It is the assumption of the research presented, that one cause for this can be the lacking understanding for the full provider benefits obtainable through providing PSS, particularly increased material efficiency and thus, improved environmental performance. To combat this, this article reports a systematic approach to capturing information on the key indicators of benefits throughout the lifecycle as well as to enhancing future designs with a focus on these benefits. To this end, two methods are presented: Provider Value Analysis (PVA) supports the collection of important, provider-centered value dimensions in the use phase of the PSS lifecycle. Provider Value Evaluation (ProVa) guides the inclusion of the identified value dimensions as KPIs into the design phase and supports the enhancement of PPS design with a focus on the provider’s benefits throughout the lifecycle. In order to support the utility of these methods and to propose a first set of broadly applicable value dimensions, this article further reports a case study carried out with an industrial company and Original Equipment Manufacturer over the course of two years, applying the proposed systematic approach. As a result, by clarifying provider benefits throughout the entire lifecycle of a PSS offering, and by providing a systematic way towards capturing and enhancing these benefits, this article aims to clarify the incentives for adaptations to the existing design processes in industry and hopes to encourage companies to take advantage of the obtainable efficiency benefits of PSS, leading to improved overall environmental performance.