Rosslyn Analytics Announces Its 200th Corporate User in Six Months; Rapidintel is the Industry's Fastest-Growing Self-Service Spend Analytics Platform

    LONDON, ENGLAND, June 07, 2010 /24-7PressRelease/ -- Self-service spend analytics, which is revolutionizing business, has finally arrived with Rosslyn Analytics, the pioneer and leader of cloud computing-based spend analysis as a service, today announcing its 200th corporate user. Lucite International is the latest company to embrace Rapidintel, the industry's fastest growing self service spend visibility and analytics platform that is proven to deliver a return on investment in just eight weeks.

"Rosslyn Analytics' free self-self service spend visibility and analytics tool has significantly improved the productivity of Lucite's finance and procurement departments overnight by empowering business users to create on the fly reports around the clock without relying on others for support," stated Andrew Berry, European Purchasing Analyst, Lucite International. "Rapidintel is unique not only because it's free, but because the service is so easy to use. Within minutes of loading data into the platform, our teams were looking at 'slice & dice' reports that enabled them to simultaneously analyze spend by a number of dimensions including payment terms and by supplier."

Self-Service, On-Demand Spend Visibility and Analytics Is the Future for Businesses
Rapidintel, delivered as a service (SaaS), is unique because the web-based automated spend analytics platform automates manual processes, which enables customers to obtain spend visibility without relying on internal resources or Rosslyn Analytics for data extraction, classification and generating reports.

Key features of Rapidintel:
- Wizard-based approach empowers customers to schedule automated data extractions including refreshes on a daily, weekly, monthly or quarterly basis
- Powerful "on the fly" rules engine enables customers to continuously improve the accuracy of spend classification
- Dynamic ad hoc reporting platform permits customers to generate, 24/7, role-based dashboards, scorecards and reports by any number of dimensions including total spend data, supplier master data, line item data, purchase order data, invoice transaction data, general ledger data, material group data, contract data and requisition data

"Rosslyn Analytics' success with well-known brands is strong evidence that our cloud computing-based software as a service platform meets customer needs for supercharged, on-demand reporting capabilities," said Charles Clark, CEO of Rosslyn Analytics. "With powerful, self service analytics, everyone within an organization from procurement and finance to accounts payable teams is using Rapidintel to collaboratively identify, manage and monitor savings without relying on vendors and already-stretched internal resources for support."

Customers such as Clifford Chance, Pitney Bowes and Aberdeen Asset Management have been able to achieve a payback of more than 100% in eight weeks of using Rapidintel. So quick and complete is spend visibility that Rosslyn Analytics guarantees a return on investment in six months.

"Cloud based services are now being used in all areas of IT delivery, lowering the barrier to entry for access to a wide range of applications. This includes business intelligence, providing easy access to sophisticated tools for any individuals who need to extract more value from the growing volumes of business data," commented Bob Tarzey, Analyst and Director at Quocirca. "Rosslyn Analytics is a good example; a self-service analytical platform that enables business users to automatically cleanse, enrich and analyse spend data whenever necessary."

About Rosslyn Analytics
Rosslyn Analytics, the pioneer and leader in software as a service (SaaS) cloud computing spend analysis, is changing the way world-class organizations see their spend, forever. Its award-winning web-based automated spend analytics platform, Rapidintel, delivered as a service, aligns and empowers ALL employees that can influence spend by delivering visibility of enterprise-wide spend in 20 business days. For more information, please visit www.rosslynanalytics.com.

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