Rosslyn Analytics Wins Best of SaaS Showplace Award

Wellesley, Mass. and London, UK - 16 March 2010

Software-as-a-Service Web-Based, Automated Spend Analytics Platform Helps Enterprises Manage Supplier Risks, Compliance & Business Performance

THINKstrategies, Inc., the leading strategic consulting company focused on the business implications of the on-demand services market, announced today that Rosslyn Analytics has been named the latest winner of the Best of SaaS Showplace (BoSS) Awards program, which is aimed at promoting the measurable business benefits being delivered by today's Software-as-a-Service (SaaS) solutions.

The BoSS Awards program was announced in January 2009 to bring attention to SaaS companies that are producing tangible business benefits for specific user organizations. These benefits include increased sales, lower costs, higher customer satisfaction, faster operations and greater profitability.

Rosslyn Analytics’ pre-built applications run on Rapidintel, a web-based automated spend analytics (SaaS) platform that aggregates data from multiple sources, such as accounts payable, procurement, travel and procurement cards, into a single online view of all organizational spending activity. Rapidintel automates the collection, categorization, reporting and monitoring of enterprise-wide spend data.

An example of the measurable business benefits of Rosslyn Analytics’ spend analysis capabilities is Clifford Chance, one of the world's leading law firms. The firm achieved an ROI of over 100% within eight weeks of using the Rapidintel platform by being able to more easily and effectively extract customer data from Oracle and other third-party data feeds around the world. Today, 150 users across Clifford Chance have access to spend intelligence generated by Rapidintel, including global, regional and country-specific finance and procurement leaders, and category managers. As a result, the firm’s global management team has gained real-time visibility of its company-wide spend data which has permitted it to quickly drive down business costs through improved risk analysis, contract and supplier management, and strategic sourcing.

It is for these reasons that Rosslyn Analytics has been named a Best of SaaS Showplace Award winner. A summary of the company's winning BoSS Award submission can be found at http://www.saas-showplace.com/awardSummary.php?key=1435.

“We are extremely pleased to be recognized by THINKstrategies and the SaaS Showplace for the business value of our on-demand performance management solution,” said Charles Clark, CEO, Rosslyn Analytics. “Rosslyn Analytics is using cloud computing to offer customers a revolutionary web platform, Rapidintel, which has radically altered how quickly enterprises obtain, use and share spend intelligence to achieve immediate savings without the burden and cost of traditional, on-premise ERP/BI solutions.”

"Global organizations must gain greater control of their spending in order to successfully compete in the market long-term,” stated Jeffrey M. Kaplan, the founder of the SaaS Showplace and Managing Director of THINKstrategies, the strategic consulting firm which conceived and administers the Showplace. "Rosslyn Analytics’ SaaS-based spend analysis capabilities enables organizations to better manage their corporate spending to reduce unnecessary costs."

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