BravoSolution Executive and Customers Featured

5 February 2009 Early in a year where strategies and solutions that can help navigate a difficult economy will be in high demand, BravoSolution s leadership has been recognised by two of the market s most widely respected analyst firms: AMR Research and Forrester Research.

In the report, Best Practices: Successfully Planning for and Managing Automated Spend Analysis Projects Forrester Research defines best and next practices for success and pitfalls to avoid when implementing an automated spend analysis solution. In the report, BravoSolution, Jim Wetekamp, SVP of solutions strategy offers advice on not leaving the action plan to chance: The end goal is not about cleansed and categorised data it s about what you can do with it. Successful companies are the ones that plan early on for what they are going to do with the data, who s involved, who cares, and how to measure and announce success.

A second report, Manufacturer Uncovers Much Needed Working Capital with Spend Analytics from Mickey North Rizza, research director of AMR Research, highlights the experiences of one BravoSolution industrial manufacturing client. The 2.6 billion discrete manufacturer uses advanced spend analytics to improve working capital with insights from cross-business unit spending and payment-terms visibility to negotiate more attractive terms with its vendors. For the customer, Spend analysis isn t just about more spend under management and savings, it is a strategic tool that can be utilised across functions, providing working capital advantage for both buyer and supplier, concludes North-Rizza in her analysis.

AMR Research s Manufacturer Uncovers Much Needed Working Capital with Spend Analytics is available free at www.bravosolution.com. Additional research from AMR Research is available at www.amrresearch.com.

The full text of Forrester Research s Best Practices: Successfully Planning For and Managing Automated Spend Analysis Projects is available at www.forrester.com to subscribers.

BravoSolution figures:

> 12 offices in 8 countries Italy, France, Mexico, Spain, The Netherlands, U.K, China and U.S
across 3 continents
> More than 400 employees, continuously growing; 24 nationalities
> 400 clients in 30 countries
> More than 200 supply management software SaaS model platforms used by over 20,000 procurement professionals worldwide
> 200,000 suppliers from more than 100 countries have been involved in Supply
Management processes conducted through BravoSolution technology