CHICAGO--(BUSINESS WIRE)--BravoSolution, the strategic procurement company, announces the launch of BravoAdvantage Analytics – a next-generation spend and data visualization tool that provides procurement organizations with unmatched visibility into the supply base by bringing all procurement data into a single, intuitive reporting platform.
“Turning spend and other organizational data into actionable and informative business insight continues to be a top priority for procurement departments and executive teams worldwide,” said Jim Wetekamp, CEO of BravoSolution. “With this latest capability of the BravoAdvantage suite, our goal is to help organizations unlock the power of procurement by enabling smarter business decisions through advanced data analytics.”
BravoAdvantage Analytics enables procurement professionals to easily and quickly analyze data and design intuitive reports, graphs and dashboards that business leaders and key stakeholders can easily understand. A key new component of BravoSolution’s cloud-based strategic procurement platform, BravoAdvantage, BravoAdvantage Analytics powers procurement and sourcing teams by:
- Providing simple visibility into all aspects of spend data: categories, organizations, suppliers, geographies, time periods and more.
- Identifying variances in data sets and spending activity, and detecting the causes of change.
- Uncovering new savings and sourcing opportunities by guiding users through an analysis process from simple supplier fragmentation or demand aggregation opportunities to more complex opportunities such as price benchmarking and unmanaged spend.
- Enabling procurement to make more strategic decisions by incorporating contextual data from across the organization, including contracts, supplier performance and risk.
- Powering executive teams to align operational strategies, policies and procurement decisions with strategic business objectives.
“BravoAdvantage Analytics enables us to leverage data from the entire procurement lifecycle, ensuring we can provide the right views to the right people and improve senior management’s awareness and engagement with procurement,” said Louise Tyldesley, head of procurement systems at WPP, the world’s largest communications services group.
Few organizations lack data to analyze, but for most procurement teams, gaining a complete end-to-end view of the information continues to be a challenge, as data tends to be spread out between disparate software platforms, systems and spreadsheets. BravoAdvantage Analytics overcomes this challenge by bringing all internal spend, contract and SRM data – regardless of where it’s stored – along with external data sources from the internet, supplier databases and financial rating providers into one, easy-to-use solution.
“Regardless of where an organization is in its procurement and analytics maturity, visibility, context, and predictability are crucial elements of success,” said Wetekamp. “By integrating all procurement data into one system of record in an intuitive manner, procurement can more easily connect the dots between suppliers, sourcing decisions, business value, risks and financial performance.”
BravoAdvantage Analytics is powered by Tableau, a leading cloud-based intelligence and analytics platform, and can be customized and tailored to each organization’s unique analytics and reporting needs. Whether an organization is looking to develop deeper visibility into companywide spend, create more collaborative supplier relationships or use the data to begin making predictive decisions, BravoAdvantage Analytics turns insights into value.
For more information on how BravoSolution helps its customers outperform, watch the video: Unlock the Real Power of Procurement.
About BravoSolution
BravoSolution is a leading global strategic procurement solution provider. Our procurement technology platform and practitioner experience help more than 600 companies and 65,000 purchasing professionals in over 70 countries unlock the power of procurement to drive financial performance, develop 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 600 procurement experts. To learn more, see http://bravosolution.com, read our blog Strategic Sourcing, follow us on Twitter @BravoSolution and connect with us on LinkedIn.
