BravoSolution

Spend Management

Increasing Spend Under Management

Without an effective spend management program, you leave
potential savings on the table every day. Companies without
good spend analysis capabilities have nearly twice the level
of non-compliant spend on indirect materials, and stand to
improve their savings forecasts by up to 40% with a best-inclass spend analysis program.

facilitates analysis, and making the process repeatable over

time. We provide the ability to aggregate spend data from
multiple disparate systems, cleanse and classify the data
to a common classification structure, and perform multidimensional analysis, easily enabling you to identify both saving
opportunities and compliance breakdowns that keep negotiated
savings from dropping to the bottom line.

Companies who need best in class visibility to support

continuous improvement in their cost reduction initiatives use
BravoSolution. Our powerful data cleansing and analysis tools,
combined with an intuitive, procurement - specific reporting
engine helps some of the worlds largest companies achieve
new and bigger cost savings every year.

The insight provided by BravoSolution Spend Management

enables our customers to reduce costs and increase profitability.
Without the ability to analyze your spend, you are missing a
tremendous opportunity to drive total cost savings and realize
untapped opportunities. Our customers have overcome the
obstacles above and by implementing our spend analysis
solutions have realized the following benefits:

Our answer is fast, intelligent, and repeatable solution to

identify, evaluate, and quantify maximum opportunities
and measure compliance. Spend management and sourcing
experts have tailored our solution using best-practice strategic
sourcing processes and technologies to provide insightful,
actionable spend analysis to drive immediate and quantifiable
improvements in total cost.
The biggest challenge associated with spend analysis is
gathering spend data, putting it into a common format that

Contact Us
217 N. Jefferson St., Suite 400, Chicago, IL 60661
T: +1 312-373-3100
info@BravoSolution.com
www.bravosolution.com

An average of 8-12% in savings for opportunities we have

helped identify & source, within the first twelve months.
A 50% improvement in contract compliance for indirect
materials.
More efficient sourcing: on average our clients can address
20% to 30% more spend annually.

Spend Management
Todays Challenges

Process

Knowledge

Visibility

Purchasing data typically resides in many systems:

accounts payable, procurement, materials
management, inventory management, ERP systems, etc.
Each system containing purchasing data likely uses
different data structures, as well as different item,
commodity, category, and supplier naming conventions

Lack of sourcing-specific analytical tools to perform

spend analysis

Inability to measure compliance with negotiated contracts

Key Features

Spend data extraction

Data profiling and validation
Data cleansing & enrichment
Supplier and item harmonization
Auto-classification to either custom or industry standard
category hierarchies
Web-based exception management to manage the
classification knowledge-base
Fully customizable, multi-dimensional, browser-based
analytic environment
Standard sourcing-specific analytic views/ad-hoc, OLAP
analysis capability
Step-by-step analytical processes to help users:
- Prioritize and select high impact commodity, supplier an
SKU targets for sourcing
- Estimate savings opportunities

BravoSolution Spend Management

A single window into enterprise spending
All spend data classified to a single standard or custom category structure
Automated data cleansing and classification to enable repeatable spend
analysis without requiring a major services engagement

Ability to identify and assess:

Spend patterns
Product and service rationalization opportunities
Opportunities to further leverage and rationalize suppliers, t eliminate
purchase-price-variance (PPV) savings opportunities

Ability to quickly identify and remedy non-compliance

Negotiate lower total cost contracts

Monitor contract compliance
Manage supplier performance

Close The Loop

The BravoSolution toolkit can help identify, track, and measure

procurement savings and help your sourcing team reduce your
external supply costs by 10-15%. With BravoSolution Software
as a Service (SaaS) there is no software to install, maintain
and support. All the infrastructure management and support
services, including buyer and supplier enablement are handled
by BravoSolution. As a result, customers utilizing BravoSolution
SaaS experience lower risk, lower cost and faster implementation.

Benefits

Optimize your supply base

Attain leverage for the products & services you buy
Aggregate demand across your organization

Contact Us
217 N. Jefferson St., Suite 400, Chicago, IL 60661
T: +1 312-373-3100
info@BravoSolution.com
www.bravosolution.com
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About BravoSolution

About BravoSolution
Supply management executives are now, more than ever, under
pressure to deliver more savings, develop and manage strategic
supplier relationships, accelerate procurement cycles, and
maintain process excellence. Confronted with these diverse yet
consistent challenges, CPOs and sourcing professionals must
seek tailored solutions that deliver rapid ROI to their business.
BravoSolution offers leading software and services to fit
the needs of todays sophisticated supply management
organizations. Our services organization, one of the worlds
largest teams of professionals dedicated exclusively to sourcing
and procurement consulting, delivers lean, targeted services
to support strategic sourcing and procurement initiatives.
Our industry leading software toolkit supports the full supply

management lifecycle across myriad industries, geographies

and business models.
As of today, over 50,000 procurement professionals in
60 different countries are benefiting from BravoSolutions
technology and services unlocking tangible benefits such
as increased process efficiency, decision support, cost
reduction, improved process governance, greater quality
relationships with vendors and the ability to share,
understand and act upon the wealth of sourcing-related
data held within their organization. BravoSolution has
locations in the United Kingdom, Italy, France, Germany,
Spain, Benelux, United States, Mexico and China.

Contact Us
217 N. Jefferson St., Suite 400, Chicago, IL 60661
T: +1 312-373-3100
info@BravoSolution.com
www.bravosolution.com
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