Rosslyn Analytics, a provider of cloud-based spend analysis software, has released what it claims is the industry's first fully automated spend data integration service.
The RA.Pid software links into existing enterprise resource planning (ERP) systems, and will let IT teams "better service the information needs" of business users and customers, according to Rosslyn Analytics.
The company claimed that the services it offers will let enterprises keep a tight rein on the costs incurred by running their systems.
"The key to finding savings is locked away in a series of databases that underlie a baffling array of procurement, accounting and ERP applications," said Bob Tarzey, director at analyst firm Quocirca.
"The [Rosslyn] service helps rein in spending. It helps make sense of the jumble of ERP and accounting systems that many organisations have."
RA.Pid's features include a wizard that lets firms tailor the application to their exact needs, for example setting automated data extractions without the need to install new analytics tools.
"IT managers no longer need to spend hundreds of thousands of dollars on data quality and data integration solutions sold by vendors that do not specialise in spend analytics," said Jeff Sweetman, chief operating officer at Rosslyn Analytics.
Tarzey said that firms would get assistance and advice from Rosslyn about their infrastructure, and can build up a set of feeds. These are then aggregated and enhanced so that the data is usable. This information can then be held on site, or in Rosslyn Analytics' own system.
Since it is a service, users should expect to pay no licence fees, Tarzey added.
'We are making good progress on 10nm,' claims Intel
Engineer calculates that Chengdu's plan to replace streetlights with artificial moonlight would cost $100bn
Research could also apply to other 'space weather' events involving hot, fast-moving plasma
Dark matter holds the Universe together - and gravitational waves could help identify it