Rosslyn Analytics Launches New Supplier Performance Analytics App

To help organizations proactively assess and manage the performance of suppliers in real-time, Rosslyn Analytics today launched RAPid Supplier Performance Analytics, a new business application for RAPid, one of the most popular cloud analytics platforms in the world.

Rosslyn Analytics’ new RAPid Supplier Performance Analytics application is the future of supplier performance management. It enables organizations to generate more business value, such as improved margins far faster than traditional supplier performance management solutions. Users now have a 360-degree view of suppliers they can’t find elsewhere in a matter of days, not months.

"Rosslyn Analytics is passionate about giving procurement teams the latest technological wonders that make getting information as quick and easy as using an app on your iPad,” said Charles Clark, CEO of Rosslyn Analytics. "The launch of Rosslyn Analytics’ new RAPid Supplier Performance Analytics application is the latest innovation inspired and designed by and for clients so there are no more risky and potentially costly blind spots in your knowledge of key suppliers.”

This next generation supplier performance management application addresses a specific and costly issue facing procurement professionals - an historical inability to link disparate data sources together to paint a complete and accurate picture of the risks, costs and opportunities of partnering with suppliers.

According Rosslyn Analytics, 90 percent of procurement teams do not collect performance data on suppliers and of the 10 percent that do, the information is not connected to spend data required to obtain a 360-degree of suppliers and the associated risks, costs and opportunities.

Rosslyn Analytics’ new RAPid Supplier Performance Analytics builds out the company’s comprehensive suite of integrated procurement solutions consisting of spend analytics, contract management, forensics analytics and expense analytics. These and other data quality apps come with an annual subscription to the RAPid analytics platform.

Deployed online in days, RAPid Supplier Performance Analytics delivers accelerated value, helping organizations to better manage costs, alleviate risks, and drive continuous process improvement:

• Obtain a 360-view of suppliers including context information such as supply chain risks
• Eliminate decision-making siloes by linking spend data to supplier performance information
• No training required using pre-built dashboards and interactive supplier performance scorecards

Rosslyn Analytics has a history of innovation being one of the first technology companies to provide analytics in the cloud, a free self-service spend analytics solution, and much more including machine-learning technology that makes auto-categorizing data by end-users faster and more accurate than ever before. It is common for clients to achieve a return-on-investment in just eight weeks because of the rapid speed, and detailed level of spend visibility.

RAPid Supplier Performance Analytics is the first business application to be created using RAPid InTouch, a ground-breaking technology that promises to change how organizations obtain data regardless of source.

Rosslyn Analytics will soon unveil new business applications developed using RAPid InTouch that will help clients better engage stakeholders in real-time such as marketing, account teams and finance. This proprietary tool is hosted on Rosslyn Analytics’ RAPid cloud platform, which helps users centralize, improve and collaboratively analyze data.

About Rosslyn Analytics

Rosslyn Analytics (AIM: RDT) exists to challenge the traditional methods of managing and exploiting data. We have designed smart and intuitive technologies that allow you to instantly connect and organise your company’s data like never before. You are now able to create your own business insights using our cloud-based analytics 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.