Rosslyn Analytics, the leader in one-click enterprise data discovery and business intelligence software, today launched a free technology program to help purchasing and finance organizations at higher educational institutions (HEIs) implement savings and contract compliance initiatives without the need to employ expensive consultants or training.
Institutions that take Rosslyn Analyticsâ survey of UK and US business officers will receive one free license to its award-winning analytics platform, RA.Pid* which includes Google-style spend analysis and contract management reporting capabilities. The results will be published in March 2012.
The University of Exeter delivered more than $100,000 in procurement savings within three months of turning on RA.Pid. "The RA.Pid reporting platform has revolutionized how quickly and efficiently HE institutions are able to transform their data into actionable intelligence to drive real savings. There is no comparable alternative in the market," said John Malloch, Head of Procurement at Exeter University.
Higher education slow to embrace technology
Only 35% of surveyed institutions are using software that âanalyzes and categorizes spending by commodity, allows users to search supplier catalogs, and supports various aspects of contract management,â according to research** conducted by the American Association of State Colleges and Universities and the National Association of Educational Procurement,
To date, more than 50 higher education institutions around the world rely on Rosslyn Analyticsâ award-winning data extraction, transformation and visualization technologies to consolidate enterprise data into a single reporting platform for on-demand and simultaneous role-based reporting and forecasting by business teams.
The user benefits of RA.Pid include:
â¢ Boost cost savings and productivity in procurement and finance operations
â¢ Respond quickly to maverick spend and potential fraud
â¢ Maintain accountability for taxpayer-provided appropriations and student fees
â¢ Support external compliance and reporting requirements, such as Scope 3
âBusiness officers at institutions lack easy-to-use and affordable BI tools they so desperately need to obtain and analyze data for savings opportunities,â stated Charles Clark, CEO of Rosslyn Analytics. âRosslyn Analytics is committed to helping universities and colleges navigate these challenging times by giving them free access to a world-class cloud-based automated data analytics platform proven to quickly deliver value for entire organizations in days, not months.â
Importance of spend analysis
HEIs are going through massive changes as a result of the economic uncertainties, with business officers forced to do more with less, such as ensuring teaching standards remain high while funding levels decrease from governments and private sources.
Mike Briggs, Purchasing Manager, Leeds Metropolitan University added, "With RA.Pid, it just takes minutes to log-in and produce intuitive graphical reports that give us a complete and accurate picture of all expenditure across the university; something which would previously have taken us many days in manually manipulating and managing data."