One of the Nation’s largest banks fosters greater spend visibility and process efficiencies with a strategic, transformative approach to procurement
CHICAGO, April 18th, 2016 – Webster Bank, one of the nation’s 33 largest banks, is working with BravoSolution, the leading global strategic procurement provider, to obtain greater visibility into its spend data, shorten sourcing cycle times and improve procurement performance. Webster Bank’s partnership with BravoSolution is a multi-year agreement to deploy the BravoAdvantage sourcing and spend analysis platforms.
“We were looking for a strong platform and experienced team of sourcing and technical professionals to help us deploy smoothly, with a goal of delivering an exponential ROI,” said Mark Wan, vice president of strategic sourcing, procurement of Webster Bank, which today manages more than $24 billion in assets. “BravoSolution’s upgraded platform is comprehensive, user-friendly and provides us key tools for optimizing our expense and capital spending. The partnership helps us drive thoughtful decision-making with our business partners and leverage technology to ensure integrity throughout our bidding processes.”
With BravoAdvantage Spend Analysis, Webster Bank cleanses and categorizes spend data to obtain and maintain an actionable view of its spend under management…