|[March 14, 2012]
Global Demand for Spend Analysis and Strategic Sourcing Leads to Record Year for Supply Management Company
CHICAGO --(Business Wire)--
BravoSolution, the spend
analysis company, saw record demand for its suite of sourcing and
spend management solutions in 2011. The company notched its 8th
consecutive year of profitable growth - growing nearly 100 percent over
the past five years.
Procurement and supply chain departments continue to serve as a critical
force driving cost savings, mitigating risk and improving company
valuation worldwide. In North America, BravoSolution achieved
double-digit growth for the 4th consecutive year. The company saw
especially high demand for closed-loop
spend analysis, with customers consistently turning to BravoSolution
for guidance on how to take a more holistic approach to spend analysis.
Additional company highlights include:
600 customers worldwide with a 95 percent retention rate.
More than 50,000 procurement professionals in 60 countries relying on
BravoSolution's technology, processes and people.
Ongoing spend visibility into more than $650 billion worldwide.
"Executive teams at companies across the world are becoming much smarter
about procurement. They understand the impact it has on profitability
and growth, especially in a volatile economy," said Marc Bergeron,
General Manager of BravoSolution U.S. "We continue to see strong demand
for our solution and smarts because of our ability to align with and
accelerate our client's supply management objectives. The key is meeting
our customers where they are with the right combination of peopl,
process and technology."
BravoSolution saw tremendous growth worldwide in 2011, including:
New Market Penetration: The company opened offices in Sao Paulo
(Brazil) and Dubai (UAE) to support growing demand in Latin America
and the Middle East.
Public-Sector Leadership: BravoSolution won open tenders to
provide spend analysis to the UK Government Procurement Service and a
full supply management suite for the Scottish government. The UK
government initiative is expected to be the single largest spend
analysis project worldwide.
Immense Customer Growth: BravoSolution won 60 new customers in
BravoSolution, the spend
analysis and high
definition sourcing company, provides the tools and expertise
procurement executives need to save and spend more money. BravoSolution
offers innovative tools and expertise for every aspect of the global
supply chain, including eSourcing,
performance management and healthcare
sourcing. For more information, visit BravoSolution.com.
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
today's sophisticated supply management organizations. Our services
organization, one of the world's 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
As of today, over 40,000 procurement professionals in 60 different
countries are benefiting from BravoSolution's 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. Learn more at BravoSolution.com.
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