BravoAdvantage is the strategic procurement platform that enables organizations to generate more value, influence innovation and reduce risk.
Powered by a unique supplier-centered approach that integrates supplier lifetime value throughout the entire procurement process, BravoAdvantage provides the visibility, insight and transparency required to power and improve your procurement initiatives and decisions. BravoAdvantage includes:
Manage costs, compliance and risk. Aggregate spend data from multiple disparate systems; cleanse and classify data into a common classification structure; and perform multi-dimensional analysis—which enables you to identify saving opportunities and correct compliance breakdowns to ensure you realize your negotiated savings goals.
Streamline processes, reduce cycle times and achieve valuable business outcomes. Collaborate to create, issue and evaluate sourcing events via a secure online solution, moving seamlessly from RFx direct to eAuction to maximize business relationships and lower costs throughout your supply chain.
Extend sourcing to maximize complex bidding opportunities by leveraging analytical capabilities against an expanded set of supplier data to easily manage the many variables associated with high-spend, strategic categories with complex requirements that involve a large number of stakeholders.
Contract Lifecycle Management:
Negotiate and manage contracts in a single online environment to reduce organizational risk with unparalleled insight into supplier contracts. With visibility across the entire organization, improve tracking, negotiation and management of every contract to ensure compliance at all stages of the supply relationship.
Supplier Value Management:
Go beyond basic supplier scorecards. Gain a comprehensive view of your organization’s suppliers across the entire procurement process, making the procurement process more efficient and effective. Clearly see summary supplier interactions, understand interactions in process and create fact-based improvement plans for continuous supplier development.
Automates and streamlines the purchasing process from requisition to receiving with the ease of online shopping. Configurable workflows ensure fast and efficient approvals that manage and track every step of the purchase process, reducing the possibility of rogue or maverick spending. Access to a network of approved catalogs also ensures that the right item is purchased from the right supplier at the right price.
Extend the optimization of your procurement process with streamlined accounts payable. Invoicing eliminates paper invoices by automating cost coding, approvals, and invoice image storage, while facilitating reconciliation and payment, all through an easy-to-use web interface.
Take control of your organization’s savings management processes by streamlining collection, approval and reporting your procurement organization’s increased value generated across the entire organization. Accurately manage, track and communicate your achieved savings.
Move beyond historical reporting and into the world of role-based, guided analytics which provides actionable intelligence specific to your business needs.