Earlier this fall Rosslyn Analytics, a UK-based provider of spend-analysis software and solutions, announced that it would deliver what I believe to be the first free spend-analysis platform in the market. I’ve had the chance to use the tool during the past couple of weeks, and I’ll be sharing a number of observations in this post and in a follow-up later this week. To begin with, it’s worth noting that with “free” come conditions and/or limitations, for sure. In the case of Rosslyn Analytics’ RA.Pid®, “free” entails foregoing a number of central capabilities that nearly all other spend-analysis tools include, such as the ability to easily classify spend to taxonomies and validate/enrich spending data as necessary with third-party information (e.g., parent/child, diversity and risk information, etc.). In other words, what you upload to the free SaaS-based application is essentially what you get (think of it as a kinder, gentler web-based Access-like tool specific to a limited set of spend-analysis queries).
By Jason Busch on December 2, 2009
Obsessed with how companies manage, spend and save money, Jason writes about procurement, trade and supply chain issues @ Spend Matters. He has significant first hand experience developing and marketing technology and services products, has advised numerous companies on sourcing and related techniques as well as M&A pursuits. In previous lives before tech, he was a management consultant and merchant banking analyst.