News | October 31, 2011

Rosslyn Analytics And Trucost Launch World First Sustainable Procurement App

Ground-breaking self-service web application provides immediate visibility of supply chain carbon and water risks, presenting users with intelligence to improve environmental scores

Rosslyn Analytics, the leader in one-click data discovery and business intelligence software, and Trucost today launched the world's first self-service sustainability app which enables procurement, supply chain and corporate social responsibility (CSR) departments to calculate and manage the carbon and water footprint of every supplier in their supply chain across the world in seconds.

"We believe Trucost's approach is a breakthrough that finally facilitates a cost-effective, fast and timely assessment of a corporation's supply chain carbon impact," stated Ralph Reid, VP Corporate Social Responsibility, Sprint Nextel.

The Trucost app offers a quick, easy to use and affordable tool to obtain, analyse and track environmental liabilities in corporate supply chains. The new app runs on Rosslyn Analytics' web-based RA.Pid data management and reporting platform to provide all business users with a centralized view of all supplier-centric spend data.

"A major obstacle to universal corporate responsibility and sustainability is the lack of easy-to-use and affordable business intelligence software in the market that provides visibility into all timely supply chain risks and costs," stated Richard Mattison, Chief Executive Officer, Trucost. "Trucost, in partnership with Rosslyn Analytics, has developed a revolutionary self-service app which makes managing sustainability factors as easy as checking the status of your company's bank account."

New era of self-service sustainability technology
Rosslyn Analytics is changing the business intelligence market by giving corporate users direct access to data when they want it, without spending money on expensive software or implementation consultants.

Accessible from Rosslyn Analytics' enterprise app store, customers buying the Trucost app will – within minutes of loading an Excel spread sheet with spend data into the RA.Pid platform for processing – have visibility of the highest water usage and carbon emissions by supplier, spend category and region across their company's entire supply chain. The smart app will then automatically assign a risk rating according to regional factors that could impact corporate profits and/or continuity of supply.

Key benefits of the app include:

  • One-click access to critical supply chain sustainability and business intelligence
  • Immediate visibility of the extent of environmental risk across your supply chain:
    • Immediate monitoring of carbon risks such as energy price rises and financial exposure to carbon taxes
    • Immediate monitoring of water risks such as scarcity of water supply and commodity price rises
  • Pinpoint supplier level risk to enable effective management of sustainability issues
  • Examine the relative risk exposure of your individual suppliers by carbon and water factors
  • Diminish the risk of disruption to your operations

"Chief executives at growing organizations know that the secret to success is getting as much data into the hands of the business," stated Charles Clark. "Rosslyn Analytics has partnered with Trucost to develop a unique off-the-shelf application that helps customers get the most out of their spend data from a powerful data reporting platform."

Price and availability
The Trucost sustainable procurement app costs $650 per month and includes one license to RA.Pid for Excel, one of three packaged spend analysis services provided by Rosslyn Analytics. To get it, visit Rosslyn Analytics' enterprise app store at www.rosslynanalytics.com/apps-store.

About Trucost
Trucost was established in 2000, to help companies, investors and governments understand and quantify the environmental impacts of business activities. Over the past 10 years Trucost has collected, researched and validated environmental data from organizations across the world. The result is the world's most comprehensive data on corporate environmental impacts, covering Greenhouse Gases (GHGs), water, waste, pollutants and natural resource dependency. This enables our clients to access:

  • The most efficient approach to measuring GHG emissions and wider environmental impacts across organizations, supply chains and investment portfolios;
  • Clear identification of prioritized focus areas for managing environmental risk;
  • Validation of source data, including completion of gaps in data which are not currently being tracked or reported on;
  • Comparison of environmental performance against peers, sectors and investment benchmarks;
  • The ability to create environmentally-oriented investment products.

For more information, visit www.trucost.com.

About Rosslyn Analytics
Rosslyn Analytics, the leader in one-click data discovery and business intelligence (BI) software, helps organisations accelerate cost savings and more accurately identify financial and supply chain risks, including fraud. Its technologies provide finance, procurement, accounts payable and other business users with an easy to use ‘single data management', reporting and forecasting platform, RA.Pid, to efficiently manage one source of spend, expense, tax and contract data. Recently named as one of the best privately held software companies in the world, Rosslyn Analytics is disrupting the BI status quo. Customers are able to achieve an initial return-on-investment in just eight weeks because everyone within an organization has on-demand access to trusted information. For more information, visit www.rosslynanalytics.com.

SOURCE: Rosslyn Analytics