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| Overview |
Benefits |
Contract management provides visibility into contractual obligations, and facilitates the contract negotiation process - a key priority for organizations seeking to identify cost savings.
Aberdeen Group, in a May 2009 report titled, “Procurement Contracts, Real Value, Real Returns”, suggests that enhanced contract visibility can lead to savings of nearly $5 million for an organization with annual revenues of $5 billion and evergreen contracts worth $200 million.
Rosslyn Analytics’ web-based automated spend analytics platform, rapidintel.com, helps procurement teams to drive down costs by enabling users to fully track and monitor all supplier contracts, 24/7.
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- One central repository to store, view and manage contracts
- View contracts across business units, geographies, categories, customers and suppliers
- Obtain real-time visibility of all sell and buy-side contracts
- Language agnostic contract management system
- Predictive modelling capabilities includes payment run forecasts
- Executive-style dashboards, personalized alerts, and document sharing capabilities
- Reduction in document management
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| Overview |
Benefits |
Supply chain risks are not only multiplying, they are changing for organizations. It is therefore imperative that business leaders manage risks proactively, leveraging visibility tools such as predictive analytics, to make informed decisions today.
The rapidintel.com platform gives users accurate, real-time spend data to make decisions quickly, which will better enable organizations to better monitor and manage supplier performance.
There are numerous reports that run on the platform including advanced and predictive analytics that provide the structure for how relationships with suppliers will and should be maintained based on one view of internal and external sped data.
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- Identify, prioritize and monitor suppliers (preferred vs. non-preferred)
- On-demand monitoring of leakages and maverick spend
- Real-time monitoring of supplier contract compliance
- Consolidate supplier base to alleviate/mitigate risk
- Supplier Trend analysis aligns supplier spends with overall corporate KPIs
- Predictive supplier payment modeling aids in the management of corporate cash flow
- Access to D&B supply information, which is integrated into rapidintel.com
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| Overview |
Benefits |
Governance, Risk and Compliance (GRC) is top-of-mind with senior executives seeking to obtain greater visibility into possible risk exposures and assurance about the processes used to mitigate them. Technology’s role in automating business processes that support GRC strategies is central to successful organizations.
Rosslyn Analytics’ web-based automated spend analytics platform, rapidintel.com, helps chief finance officers to continuously audit and monitor financial transactions to detect fraud, errors and inefficiencies, and identify weaknesses in internal controls and business processes.
The benefits of rapidintel.com, and the pre-packaged analytic applications that run on the platform, include accelerating the speed, accuracy and consistency of managing enterprise-wide spend data.
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- Centralize the management, planning and financial reporting
- Automate the collection and distribution of information
- Standardize internal processes and procedures
- Improve operational efficiencies
- Reduce operational risk
- Comply with regulatory requirements such as the Sarbanes-Oxley Act
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| Overview |
Benefits |
Fraud Prevention and Detection is, unfortunately, fast becoming an agenda point in boardrooms with organizations developing strategies to prevent or detect business fraud.
Rosslyn Analytics’ web-based automated spend analytics platform, rapidintel.com, helps clients strengthen internal control processes, leaving organizations less susceptible to fraudulent activity while enabling management, internal auditors and external auditors to find any fraud or abuse that may have occurred.
Users simply pick, choose and run as needed advanced on-demand modular applications such as Spend Analyzer, Expense Analyzer and A/P Audit Analyzer run on rapidintel.com in order to have complete real-time visibility of employee or supplier activities.
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- Automate processes including monitoring of all internal systems
- Comprehensible suite of on-demand, drill-down analytics
- Conduct complete enterprise-wide audit in weeks
- Monitor payment links between employee and suppliers
- Identify and stop fraudulent invoice payment
- Ensure compliance with the Sarbanes-Oxley Act
- Align corporate and business unit policies and controls
- Reduce cost and improve compliance
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| Overview |
Benefits |
Most organizations, whether large or small, employ a variety of mechanisms for procuring and settling payment of goods and services. But are they efficient?
Organizations that use automated Procure-to-Pay processes witness significant business benefits, including reducing processing time, maximizing staff productivity and improving supplier management.
Rosslyn Analytics’ web-based automated spend analytics platform, rapidintel.com, gives procurement, finance and accounts payable teams the workflow tools to required to obtain greater visibility, financial control and quicker approval processes.
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- One shared repository of enterprise-wide spend data such as invoices
- Streamline procurement practices
- Automate business processes such as invoice transactions
- Gain insight into vendor relationships and negotiate optimal payment terms
- Shorten sourcing cycle times
- Support compliance with regulatory statues such as Sarbanes-Oxley
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| Overview |
Benefits |
Business Performance Management (BPM) is central for organizations wanting to run leaner, more efficient operations. In doing so, decision-makers will not only identify immediate cost saving opportunities but create sustainable value, by making the work environment more conducive to knowledge share and innovation.
Rosslyn Analytics’ web-based automated spend analytics platform, rapidintel.com, automates the collection, categorization, management and distribution of intelligence to procurement, finance and accounts payable teams.
This is possible because Rosslyn Analytics has developed pre-packaged analytic applications that business users can quickly pick and choose as needed; ensuring that organizations do not spend money on items users may not use.
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- Standardize the collection and management of data including quality
- Cost efficiencies such as eliminating manual data entry and reporting
- Automate internal transactions
- Reduce manual analysis (no more Excel)
- Realignment to leverage employee skills
- Increase employee productivity
- Enhance business agility
- Improve supplier relationship
- Reduce sourcing cycle times
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