SaaS cloud computing delivers faster business results than expensive on-premise ERP and BI solutions

London, United Kingdom – 15 March 2010: Rosslyn Analytics, the pioneer and leader in software as a service cloud computing spend analysis, today announced that it guarantees a rapid payback for enterprises using its Rapidintel platform. If a customer does not achieve a payback within six months, Rosslyn Analytics will refund the difference. Clients include Aberdeen Asset Management, Clifford Chance, Pitney Bowes, Rio Tinto, Sony and Novartis.

“Cloud computing, the new generation of software as a service, is radically altering the economics of business by enabling organizations to achieve faster business value than traditional on-premise solutions. For too long, ERP and BI vendors have had it easy, charging expensive licence fees for software that doesn’t provide an easily quantifiable ROI. Our offer, in effect, will call these companies to account,” stated Charles Clark, CEO, Rosslyn Analytics. “At Rosslyn Analytics, we are passionate about bringing to market innovative, easy-to use and low cost spend analysis customers can rely on to fuel business performance.”

Today’s announcement is Rosslyn Analytics’ statement to the world that Rapidintel, the industry’s first web-based automated spend analytics platform, delivers on its promise to give customers enterprise-wide spend visibility in 20 business days, empowering ALL employees that can influence spend, including procurement, finance, audit and compliance teams to reduce costs.

“Spend analytics solutions aren’t just about more spend under management and savings; they are a strategic tool that can be utilized across business functions,” said Mickey North Rizza, Research Director, Gartner. “Web platforms that integrate spend analytics improve visibility and collaboration across finance, supply management, and supply chain organizations. Multi-functional utilization of spend analytics solutions is vital for enterprises focused on accelerating cost savings, improving working capital, and segmenting their supply base. Just these few, of many uses for spend analytics solutions, provide immediate ROI and value.”

For organizations wanting to find savings without spending a dime on technology should try Rapidinel free self service which gives employees the ability to identify duplicate payments, for example, within minutes of loading data into the platform.

Rosslyn Analytics, Rapidintel copyright 2010

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About Rosslyn Analytics

Rosslyn Analytics, the pioneer and leader in software as a service cloud computing spend analysis, is changing the way world-class organizations see their spend, forever. Customers that use the Rapidintel platform have achieved a payback of more than 100% in just eight weeks. For more information, visit www.rosslynanalytics.com.