Conducts analysis of all spend using multiple dimensions
Rosslyn Analytics, a provider of software as a service (SaaS) cloud computing spend analysis, has launched a free self service spend analytics platform Rapidintel.
The company said that the web-based automated spend analytics platform (W-ASAP) Rapidintel helps users to upload their company’s data into the platform and automatically generate analytical reports. The new drill-down reporting capabilities offered include, conduct analysis of all spend using multiple dimensions; monitor supplier activity over a given period of time such as volume of transactions; and quantify potential category savings opportunities including in the ‘tail’.
In addition, the new reporting capabilities also include, prioritise and monitor suppliers; identify and eliminate duplicate payments; and complete analysis of AP-processed tax transactions, the company said.
On purchase of corporate licence, all employees get access to all pre-built analytical applications across all modules including as A/P audit analysis, category analysis, contract analysis, forensic accounting analysis, payment analysis, spend analysis, supplier analysis, supplier risk analysis, tax analysis and trend analysis, Roslyn Analytics said.
Charles Clark, CEO of Rosslyn Analytics, said: “Rosslyn Analytics is committed to giving all employees affordable, intuitive tools to analyse spend. Rapidintel self service is proven to help business users identify and manage cost savings, manage supplier risks and enhance compliance in minutes thanks to the power of cloud computing.”