Take Control of Savings Management Processes to Demonstrate Procurement Value
Many companies struggle to demonstrate the savings that they achieve for the organization. Data collection is often manual and error prone, especially for global organizations which must support multiple languages and currencies across various lines of business.
BravoAdvantage Savings Management empowers you to take control of your organization’s savings management processes by streamlining the collection, approval and reporting across the entire organization.
Whether you are dealing with one business unit or one hundred, you need a way to accurately manage, track, audit and report on your achieved savings.
BravoAdvantage Savings Management Solves Real World Procurement Challenges
“Our standard supplier of 5 years had 2 individuals out of several hundred procurement employees using it. It could not handle more suppliers and more data fields. BravoSolution could, and has proven it. Over six categories, 1.6x – 10x savings have been realized vs. what was expected. We now use them (BravoSolution) exclusively.”
Patrick J Collins, E-Sourcing & SRM | Kraft-Heinz, North America
BravoAdvantage Savings Management Delivers Measurable, Defendable Results
BravoAdvantage Savings Management delivers an online solution to manage your savings process. Key features include:
- End-to-end Management: Enables you to track all savings, from the initial idea to final benefit signoff
- Robust Approval Processes: Guarantees the correct stakeholders from across the business are consulted for each saving initiative at key milestones, resulting in less disputes after the fact
- Flexibility and Scalability: Adapts to your organization’s unique needs while avoiding expensive software development costs
- Comprehensive Reporting: Provides robust management reports, with full tracking of any deviations from plan
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Procurement success relies on the ability to show the value delivered to the business. While many organizations have evolved from a pure cost down focus to include greater recognition of the total value proposition, capturing and claiming savings still remains a critical part of the process for all organizations.
Unfortunately the reality is that most companies recognize less than half of their negotiated savings! Let BravoSolution help find the hidden savings opportunities in your value chain.
Additional Procurement Resources: Whitepapers, Webinars, Datasheets, and More
Select a hand-picked resource below to learn more about how BravoSolution can help you streamline processes, reduce cycle times and achieve valuable business outcomes. Additional resources are available in the Resource Center >>