London, United Kingdom – 15 September 2009: Rosslyn Analytics, a technology company, is setting a new standard in spend intelligence for procurement and finance by developing an advanced web-based spend analysis solution that delivers a return on investment for organizations in weeks, not months or years.

Rosslyn Analytics today announced that its flagship spend analysis solution, RA.Pid® Enterprise, has enabled Aberdeen Asset Management and Clifford Chance to achieve, on average, a return on investment of 175%.

“Spend analysis, the process of obtaining visibility of spend data, should be as simple as flipping a switch on in order to obtain accurate, actionable intelligence,” said Charles Clark, CEO, Rosslyn Analytics. “Rosslyn Analytics believes SaaS cloud spend analysis is the key to enabling procurement and finance professionals to drive immediate and sustainable cost savings. The speed and low cost of software as a service also enable decision-makers to receive a return on investment in weeks, not months, compared to traditional spend management solutions.”

Rosslyn Analytics is able to deliver rapid returns on investment because its affordable cloud software as a service (SaaS) spend intelligence solution, comprising of a suite of advanced data extraction, data warehouse and pre-packaged analytics, has been developed specifically to accelerate the speed in which organizations access their spend data. rapidintel.com, coupled with RA.Pid Enterprise, extracts, automatically categorizes and analyzes data from any number of legacy ERP systems or third-party data feeds – with minimal support from a customer’s IT department – in hours.

Customer successes:

• Aberdeen Asset Management achieved a return on investment of more than 250% within eight weeks of Rosslyn Analytics extracting data from the customer’s CODA enterprise resource system globally. Today, the company’s procurement team leverages the on-demand spend intelligence, produced from rapidintel.com, to analyze categories for saving opportunities and manage supplier relations.
  • Andrew Laing, CEO, Aberdeen Asset Management: “RAPid Enterprise has painlessly modernized our spend analytics capabilities overnight by giving us the visibility needed to make confident, real-time decisions that have had a positive impact on our bottom line. Rosslyn Analytics’ spend analysis solution also enabled us to rapidly implement strategic sourcing initiatives, obtaining an ROI of 250% within eight weeks of engaging the company.”
• Clifford Chance obtained a return on investment of over 100% within eight weeks of Rosslyn Analytics extracting the customer’s data from Oracle and other third-party data feeds from around the world. Today 150 users including global, regional and country-specific finance and procurement leaders, and category managers, have access to spend intelligence that enables them to improve the company’s supply chain management, drive down costs through improved compliance, reduce contract leakage and advanced strategic procurement capability.
  • Rob Morris, Global Head of Procurement, remarked: “Clifford Chance has gained a significant competitive advantage by turning to Rosslyn Analytics. In only eight weeks, Rosslyn Analytics easily, and cost effectively, enabled our global management team to have real-time visibility of company-wide spend data (pulled from various ERP systems) that resulted in immediately driving down business costs through improved risk analysis, contract management, supplier management and strategic sourcing.”