Octerra

Octerra is a marketing procurement solution designed to streamline the production spend process for brands, agencies, and vendors. According to the vendor, this platform offers real-time visibility into non-working spend, allowing users to better measure return on ad spend and gain upstream visibility into the production landscape. Octerra caters to businesses of various sizes and is utilized by marketing professionals, procurement professionals, advertising agencies, brand managers, and production vendors across different industries.

Key Features

Real Time Visibility Into Non-Working Spend: Octerra provides real-time visibility into non-working spend for brands, agencies, and vendors. According to the vendor, it allows users to capture and centralize how production budget is spent, enabling more intelligent, real-time business decisions. Users can better measure return on ad spend and gain upstream visibility into the production landscape.

Collaboration: Octerra enables brands, agencies, and vendors to communicate and collaborate more effectively. The vendor claims that it aligns workflows in one platform, streamlining the collaborative process. By centralizing communication, decision-making becomes faster and easier.

Data & Insights: Octerra captures and centralizes data on production budget spending, providing actionable business intelligence. According to the vendor, users can make more informed, data-based decisions in real-time. The platform offers reporting and analytics features to enhance the collaborative process.

Trust & Security: Octerra protects investments with a secure delivery of bids, ensuring a level playing field for all vendors. The vendor states that it provides a secure bidding environment that promotes fairness and transparency. The platform offers risk management solutions and decreases liability.

Speed & Simplicity: Octerra offers an intuitive platform that is fast and easy to use. According to the vendor, users can achieve results with a higher speed to value, compliance, and deployment. The platform simplifies the bid management process and enhances efficiency.

Vendor Management: Octerra provides valuable insights into the entire supplier roster. According to the vendor, users can conveniently access supplier diversity data and make informed decisions. The platform streamlines the vendor management process, making it easier to find the right vendor for each project.

Productivity: Octerra helps users spend fewer resources chasing down emails. According to the vendor, it redirects focus towards guaranteeing project success. The platform improves productivity by streamlining workflows and communication.

Bid Comparison: Octerra improves the RFP process with intelligent bidding features. According to the vendor, users can save time and money on sourcing and selection. The platform ensures a level playing field for all vendors and allows for easy bid comparison.

Analytics That Are Actually Insightful: Octerra provides actionable business intelligence on production spend. According to the vendor, users can gain visibility into triple bid compliance, speed to award, tier 2 diversity, and spend by vendor. The platform offers comprehensive data and analytics reporting features.

Track production costs in real time: Octerra offers real-time visibility into pass-through spend. According to the vendor, users can gain a better understanding of how their production budget is spent. The platform facilitates collaboration and improves project management.