Allied Bakeries, Baker Tilly and Ciba use RA.Pid`s advanced analytics to
identify real-time cost savings
SaaS cloud platform, rapidintel.com, automatically transforms datainto
actionable, on-demand intelligence in minutes
LONDON--(Business Wire)--
Rosslyn Analytics, a technology company that specializes in spend analysis,
today announced the launch of RA.Pid, the world`s first free SaaS cloud self
service spend analysis solution developed specifically for organizations that
lack budget, resources or expertise but require affordable on-demand
enterprise-class applications.
"Smaller businesses, often neglected by large procurement and BI enterprise
software vendors, now have access to easy to-use, scalable and truly affordable
analytic applications," said Charles Clark, CEO, Rosslyn Analytics. "Rosslyn
Analytics` web-based automated spend analytics platform, rapidintel.com, is the
ultimate self-service tool delivered via the SaaS model, makes it possible for
organizations to seamlessly create detailed reports needed to improve
collaboration, innovation and cost savings."
Today`s announcement gives procurement, finance and accounts payable teams
complete control of the spend data in which they want to analyze. Users
painlessly load spend data into rapidintel.com through the RA.Pid Load Manager
application. In minutes, one company-wide view of spend intelligence by supplier
is presented in ready-to-use, advanced on-demand analytics including dashboards
and "slice and dice" reports.
"RA.Pid has enabled Ciba to not only obtain spend intelligence in minutes but
allowed us to improve internal processes by automating the collection and
management of spend data," said Quinton Stemler, Managing Director, Ciba -
Central Eastern Europe. "For the first time, our finance and procurement teams
are able to run analytic reports, independent of internal resources such as our
already stretched IT, which give them the ability to make real-time decisions
that result in improving our bottom-line."
Powerful on-demand applications
Rosslyn Analytics has developed in conjunction with customers a suite of
pre-packaged applications business users can run 24/7 on rapidintel.com. There
are more than 20 ready-to-run pre-packaged applications available to RA.Pid
users which are bundled in eight application modules including KPI Dashboard,
A/P Analysis, Spend Analysis, Category Analysis, Trend Analysis, A/P Audit
Analysis, Data Enhancement and Administration.
"Analytic applications delivered as a self service over a web platform are ideal
for organizations requiring pay-as-you-go access to spend intelligence at a
reasonable price," said Jeffrey M. Kaplan, Managing Director, THINKstrategies
and Founder of the SaaS Showplace (www.saas-showplace.com). "Rosslyn Analytics
has a solution that enables corporate executives to reduce costs by giving
multiple users immediate visibility into company-wide spending data so they can
better manage their business processes."
Death of profit recovery firms
Unique to the market is the introduction AP Audit Analysis, a ready-to-use
application that eliminates the need to hire firms to recover lost profits as a
result of duplicate payments or invoice errors. The AP Audit Analyzer transforms
the way organizations work by focusing efforts of internal teams on prevention
rather than recovery.
"Rosslyn Analytics` new free self service spend analysis solution, RA.Pid,
delivers excellent analytical reports that enable us to quickly identify
duplicates as well as helping us make more informed business decisions. Allied
Bakeries recommends Rosslyn Analytics to any company that is serious about
quickly capturing savings," stated Ian McAllister, Head of Shared Services,
Allied Bakeries.
The AP Audit Analysis helps organizations:
* Identify and eliminate duplicate payments using six of the most common
algorithms
* Complete analysis of all tax transactions processed through AP to ensure tax
has been accurately reclaimed.
* Validate contract compliance including pricing, rebates and other measurables
as agreed in the signed contract, against actual invoices/credits issued by the
supplier.
* Provide a statement review, which is essential to ensure all unallocated cash,
credit notes or overpayments are captured and the full benefit received.
Mark Holland, Managing Director, Baker Tilly Revas Limited, commented, "Rosslyn
Analytics has developed a market-leading spend intelligence platform,
rapidintel.com, that not only gives organizations compete on-demand visibility
of their spend data, but provides users with an easy to use reporting tool to
identify duplicate and erroneous transactions."
Pricing
RA.Pid is free for the first user with each subsequent license costing €100 /
$150 per month. To register, customers should visit www.rosslynanalytics.com.
About Rosslyn Analytics
Rosslyn Analytics, a global technology company that specializes in spend
analysis, helps procurement and finance teams obtain immediate access to
enterprise-wide spend intelligence. Rosslyn Analytics is uniquely positioned as
the only pure-play spend analysis company that also focuses on master spend data
management. Global organizations such as Aberdeen Asset Management, Clifford
Chance and Rio Tinto rely on the on-demand rapidintel.com platform for the
biggest cost savings, quickest return on investment and lowest cost of ownership
than any spend analysis provider in the market. Please visit
www.rosslynanalytics.com for more information.
Rosslyn Analytics
Lance Mercereau
Director, Marketing & Communications
Mobile: +44(0)7788-183273
lm@rosslynanalytics.com
Copyright Business Wire 2009
