Spend Analysis improves availability and visibility of data to ensure evidence-based decision making at all levels of an organisation. Statistics indicate that spend analysis tool initiatives lead to an ROI of between 5 and 10 times.

Peregrine Analytics distributes the Ra.Pid spend Analysis Tool, authored by Rosslyn Analytics. RA.Pid is a web-based automated spend analytics platform that enables finance and procurement to obtain and analyze real-time, categorized view of enterprise-wide spend.

Unlike traditional spend management vendors that view spend analysis as simply a one-dimensional visibility tool (and a module), we are solely focused on enhancing the quality, value and flow of the data that underpins the analysis of spend.

Delivered through advanced analytical technologies the Ra.Pid is the industry's first web-based Automated Spend Analytics Platform (W-ASAP), which is revolutionizing how organizations view their data.

RA.Pid built from the ground up by Rosslyn Analytics is a spend analysis service that delivers tangible business results tracked and measured using a variety of metrics including key performance indicators.

Leveraging off proprietary methodology and extraction and categorization tools, Rosslyn Analytics has fast established itself as the world’s leader in cloud-based spend data management, processing $6.7 trillion worth of spend across its customer base.

Having launched in October 2010, more than 200 customers have already implemented the solution. In this short time frame, the product has been positioned as a leader in Gartner’s leader quadrant and included in the JMP Securities' Hot 100 list for 2011 because it is one of the fastest growing UK technology companies with a rapidly expanding global customer base across the private and public sectors, serving the real-time spend data needs of business and IT organizations.

In the recent global economic downturn, enterprises have been looking to cost savings to achieve bottom line benefit . This is evident in the growth of the industry over the past two years.. While the downturn hit the software market particularly hard (as it did all capital investments), sales of spend analytics tools grew 11% in 2009. That's after a growth rate of 21% the year before. The solutions provide some tangible value (Forrester research).

Peregrine leverages off the comparatively easy to implement, quick implementation of Ra.Pid to ensure customers are up and running in a short period of time. Many existing product, despite delivering value, require extensive consulting time which adds to the total cost of delivery.

Contact:

Shaun Verster

Tel: +27(0)31 940 3024
Fax:+27(0)31 940 3024
Email: shaun.v@peregrine-analytics.co.za