CHICAGO--(BUSINESS WIRE)--BravoSolution unveiled today the latest version of its industry-leading strategic procurement platform, BravoAdvantageTM 17. BravoSolution’s latest offering comes packed with new value-generating features for procurement, including powerful business analytics, integrated procure-to-pay functionality and updated spend management and sourcing capabilities.
The launch of BravoAdvantage 17 comes a month after Gartner, Inc. positioned BravoSolution as a leader in its 2017 Gartner Magic Quadrant for Strategic Sourcing Application Suites. The recognition marked the fourth consecutive Magic Quadrant publication that Gartner has named BravoSolution as a leader – giving BravoSolution the longest consecutive leadership position in the report.
“Hundreds of customers and thousands of procurement practitioners rely on BravoAdvantage to unlock business value every day. Whether you are looking to uncover bottom-line savings, foster supplier innovation, reduce risk or automate and digitize critical procurement processes – BravoAdvantage puts procurement in a position to thrive,” said Jim Wetekamp, CEO of BravoSolution. “This release marks the largest update to the BravoAdvantage suite ever, and represents our commitment to taking a great product, listening to our customers and making it even more powerful, fully-functional and easier to use than ever before.”
BravoAdvantage provides the visibility, insight and transparency organizations need to improve procurement decisions and drive business value. New functionality in version 17 includes:
- Interactive and customizable analytics that give procurement leaders and business professionals the insight they need to instantly measure performance, drive best practices and make smarter and more strategic decisions.
- Complete strategic and operational procurement capabilities offered through a fully integrated source-to-pay solution that creates more control and transparency over the entire procurement lifecycle, while enabling procurement to reduce risk and influence growth.
- Digital and mobile advancements that foster improved information-sharing, collaboration, real-time access and decision making.
- The ability to digitally sign contracts through a new partnership with DocuSign, which will create significant time and resource savings for procurement.
BravoAdvantage 17 also includes updated Spend Analysis, Supplier Value Management and Sourcing optimization functionality. All are connected to the new analytics tool, and now fully integrated into the BravoAdvantage suite. Across the entire platform, BravoAdvantage uncovers new channels for procurement to drive value beyond savings, including identifying opportunities to diversify spending, reducing supply chain risk and laying the foundation for supplier segmentation and product innovation.
“The new analytics tool in BravoAdvantage draws on data from other parts of the system to bring, for the first time, a complete view of spend across the organization,” says Andrew Forzani, chief commercial officer at DWP. “Our team had been managing the process with spreadsheets and had their own ways of tracking suppliers and spend, sometimes in as many as eight different places. We can now access this information in one place at the click of a button.”
To learn more about how BravoAdvantage 17 can help you unlock the power of procurement, visit the BravoSolution website and full details on BravoAdvantage 17.
BravoSolution is a leading global strategic procurement solution provider. Our procurement technology platform and practitioner experience help more than 650 companies and 150,000 procurement professionals in over 70 countries unlock the power of procurement to drive financial performance, build procurement organizational excellence, manage risk, and influence innovation. BravoSolution’s approach to strategic procurement consistently delivers business outcomes to enable customers to outperform their market. BravoSolution has direct operations in 18 offices located in 12 countries across 4 continents, employing more than 650+ procurement experts. To learn more, see http://bravosolution.com.