Rosslyn Analytics Launches Market First Fully Automated Data Analytics
25 October 2016 - 11:45PM
Business Wire
New technology innovation delivers business
insight in minutes
With a mission to provide relevant data to everyone in
organizations, Rosslyn Data Technologies, formerly known as Rosslyn
Analytics, today announced the
immediate availability of RAPid One-Click Data Analytics, a new
suite of self-service automated analytic (SaaS) solutions that
reduce time to visibility and insight from weeks to mere hours.
In a technological breakthrough, Rosslyn fast tracks
decision-making by automating the many steps required to extract,
transform, load (ETL) and improve data quality for complete,
accurate and timely analysis.
“Rosslyn Data Technologies leads the market in developing the
self-service tools all business decision-makers need to be smarter
and more productive,” said Roger Bullen, CEO, Rosslyn Analytics.
“Our talented development team has solved a technical feat by
automating the entire data journey, from the extraction and loading
of data into dashboards, so people spend more time on valuable
analysis and less on data wrangling.”
Rosslyn also announced that a number of its global and regional
partners will generate new revenue streams by selling the
innovative RAPid One-Click Data Analytics solutions. They include
Future Purchasing, ITC InfoTech, RGP and others.
RAPid One-Click Spend Analytics, the first of many RAPid
One-Click Data Analytic solutions to be launched over the next 12
months, is designed to help procurement teams obtain detailed spend
visibility to better manage costs, compliance and risk issues.
Leading service providers have been awed by Rosslyn Data
Technologies’ new solution:
- “Rosslyn Data Technologies has the
vision, skills and commitment to develop a fully automated data
analytics solution that drastically reduces the cost and time
decision-makers need to obtain and manage data in real-time. By
partnering with Rosslyn, E&I Consulting Group is able to offer
a cutting-edge technology that results in us giving clients
relevant insight at the speed of business.” – Gary D.
Link, Senior Vice President, E&I Consulting Group
- “Procurement transformation starts by
having insight into where to improve the efficacy of your
organization. Rosslyn’s new self-service spend analytics solution
is the ideal tool to quickly obtain new levels of business insight
without the cost and complexity of traditional methods of labor
intensive spend analysis.” – Mark Webb, Managing
Director, Future Purchasing
- “Rosslyn Data Technologies is the best
in class data analytics platform to provide a fully automated spend
analytics solution designed to help procurement teams quickly
extract, categorize and analyze data required to intelligently
manage spend and run various procurement initiatives. ITC
InfoTech’s consultants and clients will benefit from the improved
spend visibility accessed through self-service reports and
dashboards available on the RAPid cloud platform” – Raj Basu,
Vice President – Business Analytics, ITC InfoTech
How RAPid One-Click Spend Analytics works
Designed for speed and ease-of-use, the automated RAPid
One-Click Spend Analytics solution delivers detailed visibility
into your suppliers within minutes of loading data into the RAPid
Cloud Platform using two self-service tools to automatically
extract data from SAP or load data from a CSV file.
Once the data is in RAPid, you will have immediate access to a
pre-built, multi-tab dashboard for visualization. You can then use
self-service tools to continuously improve data quality in
real-time such as normalizing supplier names, fixing incorrect or
incomplete vendor addresses, and classifying spend to a defined
taxonomy.
The market for automated spend analytics is huge with only 19%
of companies have a highly automated spend analysis process today,
according to a study by The Hackett Group. (1)
“Procurement leaders seeking to create smarter teams should be
using automated spend analytics,” stated Patrick Connaughton,
Senior Research Director, The Hackett Group. “Our research reveals
that the potential value of spend analysis is stifled by
time-consuming, manual processes related to the extraction,
transformation and enrichment of data. Automated spend analytics
give procurement professionals the software tools that empower them
to work efficiently like never before.”
Affordable Pricing
RAPid One-Click Spend Analytics is available from Rosslyn and
its partners. The price of this new solution starts from $5,000 per
data load, per year.
Rosslyn Analytics has a history of developing pioneering data
technologies. In 2009, the award-winning software company launched
self-service spend analytics in the cloud that enables procurement
teams to generate a return-on-investment in just eight weeks after
going live in days compared to traditional business intelligence
deployments that take many months.
Footnote
(1) The Hackett Group Report, “Ten Critical Success Factors for
Spend Analysis Software Implementations,” February 2016
About Rosslyn Data Technologies
Rosslyn Data Technologies (AIM: RDT), formerly known as Rosslyn
Analytics, helps organizations create new business value from
previously inaccessible data. We have developed exciting
award-winning self-service tools designed specifically for business
users to easily extract, integrate, cleanse and enrich data for
analytics using the RAPid Cloud Platform, which is powered by
Microsoft Azure. For more information, visit
www.rosslynanalytics.com or @RosslynBI.
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