Rosslyn Analytics' Offers Free Self-Service Business Intelligence Software to Higher Education Sector

Cloud-based data analytics platform enables universities and colleges to deliver greater, faster savings than traditional on-premise solutions

NEW YORK & LONDON--(BUSINESS WIRE)--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.

“Public College and University Procurement - A Survey of the State Regulatory Environment, Institutional Procurement Practices and Efforts Toward Cost Containment”

Institutions that take Rosslyn Analytics’ 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 “analyzes and categorizes spending by commodity, allows users to search supplier catalogs, and supports various aspects of contract management,” 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 Analytics’ 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:

• Boost cost savings and productivity in procurement and finance operations
• Respond quickly to maverick spend and potential fraud
• Maintain accountability for taxpayer-provided appropriations and student fees
• Support external compliance and reporting requirements, such as Scope 3

“Business officers at institutions lack easy-to-use and affordable BI tools they so desperately need to obtain and analyze data for savings opportunities,” stated Charles Clark, CEO of Rosslyn Analytics. “Rosslyn 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.”

Join the program today

Universities and colleges can join Rosslyn Analytics innovative technology-enabled savings program by taking the higher education sector’s first comprehensive survey of US and UK business officers. Simply send us an email to [e-mail] and we’ll forward the online survey to you.

After completing the 10-minute questionnaire, we will give you immediate access to the RA.Pid platform. Within minutes of self-loading an Excel file into RA.Pid via our secure website, you’ll have a categorized view of your spend data in intuitive drill-down analytical reports.

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."

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Note to editors:

*For HEIs that take the survey, each particpating institution will receive one free one year subscription to RA.Pid for Excel, which costs $1,188 per year, per user.

**2010 Report: “Public College and University Procurement - A Survey of the State Regulatory Environment, Institutional Procurement Practices and Efforts Toward Cost Containment,” American Association of State Colleges and Universities and the National Association of Educational Procurement.

About Rosslyn Analytics

Named as one of the best privately held software companies in the world by JMP Securities, Rosslyn Analytics is disrupting the BI market by reducing the cost and pain of obtaining business intelligence from months to minutes. More than 100 private and public sector organizations around the world rely on our award-winning cloud-based data management, reporting and forecasting platform to centralize enterprise data, providing business users with one trusted source of intelligence for real-time self-service analysis. Customers are able to achieve an initial return-on-investment in just eight weeks. For more info, visit www.rosslynanalytics.com, or the industry’s first enterprise app store at http://www.rosslynanalytics.com/apps-store, for same day access to one-click data discovery tools including a suite of patent-pending data extraction apps for SAP, Oracle, JD Edwards and PeopleSoft.