|By Business Wire||
|July 14, 2014 09:04 AM EDT||
In a technological breakthrough, Rosslyn Analytics today announced the release of a new cloud-based self-service spend analytics app that gives finance and procurement professionals the control to identify bottom-line savings and monitor supply chain risks without relying on overstretched IT resources.
Today’s news comes on the back of recent research conducted by Rosslyn Analytics, the leader in self-service analytics in the cloud, that reveals that 57% of chief procurement officers need five employees to conduct basic spend analysis – a massive drain on resources. A new approach is long overdue that gives business users the tools to be able to focus on analyzing information faster and more efficiently than ever before.
Procurement continues to struggle with spend analytics – either the data is of poor quality or the tool to analyze the data is difficult to use for non-technical users – and many times it is both of these issues that are preventing organizations from taking savings to the next level.
“Our clients have told us they want better, easier-to-use tools to help them navigate the complexities of managing suppliers and associated risks – and we’ve listened and responded with a new self-service spend analytics app,” said Charles Clark, CEO, Rosslyn Analytics. “Rosslyn Analytics continues to strive to free decision-makers from an overreliance on over-stretched internal IT resources and magic ‘black boxes’ sold by vendors.”
To help organizations improve the ease and speed of conducting real-time spend analysis, Rosslyn Analytics has developed RAPid Self-Service Spend Analytics – a new app that runs on the award-winning, cloud-based data platform, RAPid. Other apps include contract management and supplier performance management.
How it works
“I can’t think of any other tool that provides so much control and manipulation of the data. My team of Category and Procurement Managers need ‘analysis’ in order to develop their procurement strategies. They can now analyze the data in many ways i.e., spend, contracts and suppler performance in a single data platform called RAPid,” said Tony Ritchings, Group Director of Procurement, PHS Group plc, a leading provider of workplace services. “In a couple of clicks, they can also correct supplier addresses and conduct advanced line-item categorization.”
RAPid Self-Service Spend Analytics gives customers unlimited access to simple, consumer-friendly self-service tools. These tools are linked together to provide a seamless experience for users to integrate, cleanse and enrich data for analysis and visualization in the RAPid platform in minutes.
Users simply need to follow three easy steps to obtain line-item spend visibility in five minutes:
1) Load spend data into the RAPid platform using a CSV file;
2) Select how you want to visualize your data;
3) View and drill into your interactive reports from a single dashboard.
The technology tools that have been seamlessly integrated into one spend analytics solution include:
- RAPid Self-Service Data Loader enables you to refresh spend visibility 24/7
- RAPid Self-Service Address Cleansing App allows you to quickly correct supplier data
- RAPid Company Enrichment App enables you to manually enrich supplier data such as credit risk scores
- RAPid Self-Service Data Classification Engine enables you to conduct line-item categorization on-the-fly
- RAPid Contract Management allows you to connect your spend data to pre-built modules
- RAPid Report Builder empowers you to create personalized analytical apps in minutes
- RAPid Search allows you to find and drill-down from dashboards into line item information in just one click
RAPid Self-Service Spend Analytics is free for the first user and just $99/£59 for each subsequent user per month. To access the trial, visit https://rapid.rosslynanalytics.com/NewAccount/Register.
About Rosslyn Analytics
Rosslyn Analytics (AIM: RDT) exists to challenge the traditional methods of managing and exploiting data. We have designed some smart and intuitive technologies that allow you instantly connect and organize your company’s data like never before. You are now able to create your own business insights using our data platform that features simple, consumer friendly self-service tools to integrate, cleanse and enrich information. For more information including a demo, visit www.rosslynanalytics.com or @RosslynBI.
Get deep visibility into the performance of your databases and expert advice for performance optimization and tuning. You can't get application performance without database performance. Give everyone on the team a comprehensive view of how every aspect of the system affects performance across SQL database operations, host server and OS, virtualization resources and storage I/O. Quickly find bottlenecks and troubleshoot complex problems.
Dec. 6, 2016 07:45 AM EST Reads: 2,080
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
Dec. 6, 2016 07:45 AM EST Reads: 895
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Dec. 6, 2016 07:15 AM EST Reads: 718
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Dec. 6, 2016 07:15 AM EST Reads: 1,824
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Dec. 6, 2016 07:00 AM EST Reads: 823
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Dec. 6, 2016 06:30 AM EST Reads: 1,107
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service. In his session at 19th Cloud Exp...
Dec. 6, 2016 06:15 AM EST Reads: 761
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Dec. 6, 2016 06:00 AM EST Reads: 466
Kubernetes is a new and revolutionary open-sourced system for managing containers across multiple hosts in a cluster. Ansible is a simple IT automation tool for just about any requirement for reproducible environments. In his session at @DevOpsSummit at 18th Cloud Expo, Patrick Galbraith, a principal engineer at HPE, discussed how to build a fully functional Kubernetes cluster on a number of virtual machines or bare-metal hosts. Also included will be a brief demonstration of running a Galera MyS...
Dec. 6, 2016 05:45 AM EST Reads: 5,292
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
Dec. 6, 2016 05:00 AM EST Reads: 1,647
"We build IoT infrastructure products - when you have to integrate different devices, different systems and cloud you have to build an application to do that but we eliminate the need to build an application. Our products can integrate any device, any system, any cloud regardless of protocol," explained Peter Jung, Chief Product Officer at Pulzze Systems, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 04:45 AM EST Reads: 1,000
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Dec. 6, 2016 04:30 AM EST Reads: 1,932
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Dec. 6, 2016 04:15 AM EST Reads: 1,755
"We are an all-flash array storage provider but our focus has been on VM-aware storage specifically for virtualized applications," stated Dhiraj Sehgal of Tintri in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Dec. 6, 2016 03:45 AM EST Reads: 821
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
Dec. 6, 2016 01:00 AM EST Reads: 1,849