Rosslyn Analytics Launches Cloud-Based Real-Time Self Service Spend Analytics Platform for Finance and Procurement Professionals

LONDON, ENGLAND, October 14, 2010 (Press-News.org) RA.Pid Self Service enables customers to see every detail of their spend in five minutes

RA.Pid re-sets industry's average cost of acquiring spend visibility from $75,000 to $99

Èpeus Group of Companies, a global leader in the oil, gas and shipping industries, has reduced the cost of obtaining accurate spend intelligence by 90% as a result of using RA.Pid Self Service, the industry's first and only cloud-based self-service spend analytics offering developed by Rosslyn Analytics for business users.

RA.Pid Self Service is the only in-memory spend analytics solution in the market that enables procurement, finance and other business users to quickly identify cost savings, manage supplier risks and enhance compliance within five minutes of loading data into the industry's first web-based automated spend analytics platform, RA.Pid .

"RA.Pid has seriously lowered the cost for organizations such as ours to obtain the tools required to better effectively manage our bottom-line through wiser purchasing decisions," said Mark Thompson, Managing Director, Èpeus Group of Companies (Èpeus). "Epeus currently advises on more than $9 billion in project spend so getting a handle on detailed spend analytics, and being able to immediately identify leakages and savings, is critical to the successful delivery of projects on budget."

Beta-tested by more than 400 organizations, RA.Pid Self Service offers users unmatched features to identify and manage savings, including:
• Self-load spend data using the RA.Pid Data Load Wizard
• Self-enrich data with supplier information using RA.Pid Data Load Wizard
• Categorization to UNSPSC by supplier name supported by RA.DAR
• Real-time level of categorization indicators
• Inline and batch supplier categorization
• Instant key word category search capability
• Build and customize canned reports and dashboards
• Fully integrated contract management and predictive modelling tools
• Run ad hoc queries, including export data to Excel, CSV, PDF
• Customizable prompts, sorts and filters

"Today's announcement marks the beginning of the end of traditional spend analytical solutions that have for too long miserably failed to enable procurement and finance professionals to create instant value for their organizations," stated Charles Clark, CEO of Rosslyn Analytics. "RA.Pid Self Service gives business users complete control and flexibility of obtaining spend visibility when they want and how they want at an affordable price."

Unlimited Applications, Unlimited Savings with RA.Pid Self Service
The RA.Pid platform features more than 50 pre-built applications (also known as reports) which all users of RA.Pid Self Service have real-time access to 24/7. This unprecedented level of reporting and monitoring functionality ensures everyone within your organization, from finance and procurement to accounts payable to compliance and audit teams, has on-demand spend visibility.

Applications currently available to customers: A/P Analysis; Spend Analysis; Category Analysis; Payment Analysis; Trend Analysis; Contract (Management) Analysis; Supplier Analysis; Invoice Analysis; Forensics Analysis; Expense Analysis; Tax Analysis; and, Savings Analysis.

Rosslyn Analytics Sets New Industry Standard for Value from Spend Analytics
"Rosslyn Analytics has forever changed the rules of customer engagement and the economics of business with its latest innovative on-demand self-service spend analytics offering," said John O'Hara, President, Pitney Bowes Business Insight, a leading company in data quality, market analytics and customer communication management.

Rosslyn Analytics has taken the bold step of re-balancing market dynamics in favour of customers. Procurement and finance organizations no longer need to spend $75,000* to wait six weeks to obtain spend visibility that can now be delivered in a day costing $99. This is great news for users, not so good for traditional software companies and consultancies that have relied on revenue from selling labour-intensive processes to deploy, support and maintain spend management technology.

"Putting the power of today's leading SaaS-based solutions directly in the hands of business end-users so they can perform their jobs more effectively is at the heart of the cloud computing value proposition," according to Jeffrey M. Kaplan, Managing Director of THINKstrategies, and the Founder of the SaaS Showplace. "Rosslyn Analytics' new self-service spend analytics offering will enable its customers to more quickly generate cost-savings."

Pricing
RA.Pid Self Service costs just $99 (GBP75) per user, per month. For this low, set price, users have access to all applications including integrated contract management.

* This is an estimate for an initial spend analysis project if it were outsourced to a third-party such as a business advisory firm. We estimate a team of five consultants, charged $500 per day, and six weeks, would be required to extract, categorize and enrich a client's data.

About Rosslyn Analytics
Rosslyn Analytics, the pioneer and leader of cloud computing-based spend analysis, is changing the way organizations obtain, use and share spend intelligence. Its award-winning web-based automated spend analytics platform, RA.Pid , priced as a service, aligns and empowers ALL employees that can influence spend by delivering accurate visibility of enterprise-wide spend in minutes or days. Organizations can start with a free self-service version of RA.Pid , which gives users the ability to run base spending reports and identify duplicate payments, for example, within minutes of loading data into the platform. For more information, please visit http://www.rosslynanalytics.com.