Rapidintel spend analytics platform reveals the Department for Work and
Pensions’Christmas contribution bonus was £133 million in 2009
LONDON–(Business Wire)–
Taking the complexity out of analysing spend data, Rosslyn Analytics today made
available for the general public the UK government`s expenditure data recently
published from HM Treasury`s Combined Online Information System (COINS).
Using Rosslyn Analytics` cloud computing spend analytics platform to turn
complex raw spend data into actionable intelligence in days, the public may view
the government`s expenditure for the past two years by visiting
https://rapidgateway.rapidintel.com. Rosslyn Analytics will automatically
refresh the platform with additional data HM Treasury publishes in the future.
“The release on Friday of the country`s public sector spend data is a wake-up
call to everyone,” stated Charles Clark, CEO of Rosslyn Analytics.The Prime
Minister and the Chancellor began preparing the country for a period of “pain”.
Why? Because slowly but surely the facts are beginning to seep out of the
mountain of poor data the government creates.There is a saying `what you cannot
measure you cannot manage`.”
Organisations that use Rapidintel achieve faster and more sustainable savings
than those that relyon-premise or Excel-based spend analysis solutions. The
reason is because the platform quickly centralizes, categorises and enriches all
operational spend in days without the need to install software or employ
consultants. Rapidintel gives everyone one trusted source of spend visibility
for better, collaborative decision-making through the use of powerful drill-down
analytical reports.
By uploading 7 million lines of HM Treasury`s data into Rapidintel, Rosslyn
Analytics is demonstrating to the government the ease, speed and benefits of
improved spend visibility. A sampling of 2009 expenditures found that:
* The Department for Business, Innovation and Skills spent £400 million on its
Vehicle Scrappage Scheme
* The Scottish Government spent £78.6 billion on Landscape Protection
* The Ministry of Justice spent £95 million on a General Election Fund
Matthew Sinclair, Research Director at the TaxPayers` Alliance, said:”It is
great to see innovative tools allowing ordinary people to access the COINS data
and see how their money is spent.By publishing the data, the Government has
enabled entrepreneurs, skilled amateurs and campaigners to use their skills to
produce exciting new tools that can provide unprecedented insight into public
spending.This powerful new service from Rosslyn Analytics, making use of their
well established expertise in this area, makes the COINS data more accessible
and supports transparency and accountability.”
To support the government`s quest to reduce the deficit through intelligent
expenditure reductions, Rosslyn Analytics offers public sector organisations a
free self service spend analytics tool. People simply need to register at
www.rosslynanalytics.com.
“The government should follow in the footsteps of private sector organizations
by adopting the latest business technologies including advanced spend
analytics.Downing Street`s cost savings targets will be based on guesswork if
these practices are not adopted,” added Charles Clark.
Note to editors:
The data loaded into the Rapidintel comes directly from COINS for 2008-2010. If
there are any errors, it is due to the poor quality of the government`s data.
About Rosslyn Analytics
Rosslyn Analytics, the pioneer and leader in cloud computing-based spend
analysis as a service (SAaaS), is changing the way organisations see their
spend. Its award-winning web-based automated spend analytics platform,
Rapidintel, delivered as a service, aligns and empowers all employees that can
influence spend by delivering visibility of enterprise-wide spend in 10-20
business days. For more information, www.rosslynanalytics.com.
Rosslyn Analytics
Lance Mercereau
Director of Marketing
+44(0)7788-183273
lm@rosslynanalytics.com
Copyright Business Wire 2010
