BravoSolution: Vendor Analysis (Part 3) — Competitive and Summary Analysis

BravoSolution, a procurement technology suite provider, has undergone significant transformation on the product level in recent years. It emerged from a replatforming effort in the source-to-contract area, after which it expanded the breadth of its suite by acquiring procure-to-pay from Puridiom (this followed a time of partnering with providers such as Basware and Verian). While Q1 2017 will see the introduction of BravoSolution’s first integrated source-to-pay suite under its own control, the more important differentiation in capabilities and approach arguably comes not from P2P but rather its core analytics, sourcing and supplier management capabilities (as well as integrated contract management).

This third and final installment of the Spend Matters Vendor Snapshot series on BravoSolution provides an objective SWOT analysis of the provider and offers a competitive segmentation analysis and comparison. It also includes recommended shortlist candidates as alternative vendors to BravoSolution and offers provider selection guidance. Lastly, this installment provides summary analysis and recommendations for companies that may consider the BravoAdvantage suite or individual modules. Part 1 of this Vendor Snapshot gave an in-depth look at BravoSolution as a firm and its specific solutions, and Part 2 provided a detailed analysis of solution strengths and weaknesses and a review of the product’s user experience.