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Aberdeen Asset Management and Clifford Chance See ROI on Spend Analysis within 8 Weeks
Rosslyn Analytics touts customer successes in gaining spend visibility, driving savings in short period using Web-based spend analytics solutions
London — September 28, 2009 — Aberdeen Asset Management and Clifford Chance have achieved returns on their investment in a spend analysis solution from technology company Rosslyn Analytics of up to 175 percent within eight weeks, the solution provider has announced.
Rosslyn Analytics provides a Web-based spend analysis solution, RA.Pid Enterprise, comprising a suite of data extraction, data warehouse and pre-packaged analytics, all developed specifically to accelerate the speed in which organizations access their spend data, according to the solution provider.
The solution provider said that it is able to deliver rapid returns on investment because its "Cloud" software-as-a-service (SaaS) spend intelligence solution, rapidintel.com, coupled with RA.Pid Enterprise, extracts, automatically categorizes and analyzes data from legacy ERP systems or third-party data feeds in hours, with minimal support from a customer's IT department.
"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 of 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."
As examples, Rosslyn Analytics cites Aberdeen Asset Management and Clifford Chance. The former achieved a return on investment of more than 250 percent 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.
"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," said Andrew Laing, CEO of Aberdeen Asset Management. "Rosslyn Analytics' spend analysis solution also enabled us to rapidly implement strategic sourcing initiatives, obtaining an ROI of 250 percent within eight weeks of engaging the company."
Clifford Chance obtained a return on investment of over 100 percent within eight weeks of Rosslyn Analytics extracting the company'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 to help them improve the company's supply chain management.
Rob Morris, global head of procurement with Clifford Chance, believes that the spend analysis solution has given his company a significant competitive advantage. "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," Morris said.
Rosslyn Analytics provides a Web-based spend analysis solution, RA.Pid Enterprise, comprising a suite of data extraction, data warehouse and pre-packaged analytics, all developed specifically to accelerate the speed in which organizations access their spend data, according to the solution provider.
The solution provider said that it is able to deliver rapid returns on investment because its "Cloud" software-as-a-service (SaaS) spend intelligence solution, rapidintel.com, coupled with RA.Pid Enterprise, extracts, automatically categorizes and analyzes data from legacy ERP systems or third-party data feeds in hours, with minimal support from a customer's IT department.
"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 of 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."
As examples, Rosslyn Analytics cites Aberdeen Asset Management and Clifford Chance. The former achieved a return on investment of more than 250 percent 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.
"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," said Andrew Laing, CEO of Aberdeen Asset Management. "Rosslyn Analytics' spend analysis solution also enabled us to rapidly implement strategic sourcing initiatives, obtaining an ROI of 250 percent within eight weeks of engaging the company."
Clifford Chance obtained a return on investment of over 100 percent within eight weeks of Rosslyn Analytics extracting the company'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 to help them improve the company's supply chain management.
Rob Morris, global head of procurement with Clifford Chance, believes that the spend analysis solution has given his company a significant competitive advantage. "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," Morris said.
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