London, United Kingdom – 10 September 2009: Market demand for spend analysis solutions that enable a return on investment in weeks, not months, continues to grow, according to Rosslyn Analytics, a technology company that specialises in advanced web 2.0 spend analytics.

Rosslyn Analytics today announced that seven global organizations have signed up with the company over the past three months, including Alcan, Clifford Chance LLP, DLA Piper LLP, Heidrick & Struggles, Novartis, Serco and Stolt-Nielsen S.A. RA.Pid® Enterprise is revolutionizing how business intelligence for procurement and finance is quickly obtained, used and collaboratively shared across organizations.

“We have witnessed a growth of more than 100% over the past year because organizations such as Clifford Chance, Novartis and Serco, and many others, rely on Rosslyn Analytics’ advanced web-based spend analysis solutions to drive sustainable costs savings while delivering a rapid return on investment within weeks as a result of immediately leveraging actionable spend intelligence,” said Charles Clark, CEO, Rosslyn Analytics. “Our specialism in extracting, automatically categorizing and analyzing spend data across disparate legacy systems, geographies and languages, enables decision-makers to obtain real-time visibility of enterprise-wide spend intelligence at a fraction of the cost associated with traditional spend management solutions.”

RA.Pid Enterprise, coupled with an industry leading web-based automated spend analytics platform, rapidintel.com, is a first-of-its-kind end-to-end spend analysis solution that delivers real-time on-demand enterprise-wide spend intelligence to users in weeks, not months. Rosslyn Analytics also has the only spend analysis solution in the market that can deliver a return on investment within six to eight weeks of extracting, automatically categorizing and enriching data from any number of ERP systems or internal/external data feeds.

“We are witnessing a shift in the market with larger organizations increasingly recognizing that they can’t afford to invest in procurement modernization and supply base rationalization without first understanding and sizing their opportunities,” said Deborah Wilson, Research Director of Procurement Strategies & Systems, Gartner. “Gartner expects the spend analysis market to grow faster than the overall average for software.”