Rosslyn and Partner ChainIQ Win 5 Year Contract to Supply Procurement Analytics Platform to Tier 1 Japanese Bank
Rosslyn will deliver its Procurement Analytics Platform with the first contract secured through a strategic partnership with ChainIQ
Portsmouth UK – 13 October 2022 – Rosslyn (AIM: RDT), the provider of a leading cloud-based enterprise data analytics platform, has announced that it has won a five-year contract with a Tier 1 Japanese bank, to supply its international arm with a procurement and spend analytics platform. This is Rosslyn’s first enterprise customer through a strategic partnership with ChainIQ Group, a global leading independent indirect procurement service provider to a blue-chip client base.
Rosslyn provides an award-winning spend procurement and predictive analytics platform which helps organizations with diverse supply chains mitigate risk and make informed strategic decisions. It leverages automated workflows, artificial intelligence and machine learning to extract and consolidate procurement data providing visibility of complex supplier data, enabling supplier spend savings and delivering rapid ROI. The award of this contract follows Rosslyn being selected by ChainIQ as its preferred procurement analytics partner, which was followed by a number of successful proofs-of-concept with potential customers. This new contract represents the first of these to transition to a full enterprise customer.
ChainIQ, which specializes in the supply chain, provides full or partial procurement outsourcing services. By partnering with Rosslyn, ChainIQ is able to quickly identify potential savings and efficiencies within a prospective customer’s procurement spend and operations. The Rosslyn platform also supports the rapid execution of measures, following appointment by a customer, to drive spend reduction.
Paul Watts, CEO of Rosslyn, said:
“This deal highlights the value of our partnership with ChainIQ and our strategic decision to focus on a partner-led go-to-market approach. This is our first enterprise customer won through this partnership and we are confident that more will follow in the near term. We are also delighted to add another tier 1 customer to our client base and under a long-term contract. As a global financial institution, the customer has rigorous requirements, and, accordingly, this contract is a great validation of the scale, sophistication and resilience of the Rosslyn platform.”
Marcel Stalder, Group CEO of Chain IQ, added:
“At ChainIQ, we seek best-of-breed technology partners across the procurement cycle that will enable us to transform our customers’ indirect procurement. Rosslyn provides unparalleled smart insight based on deep data visualization and powerful analytics. This enables us to rapidly deliver savings for our customers as well as shining a light on data that allows them to make smart strategic decisions that generate value far beyond cost reduction.”
Rosslyn (AIM: RDT) provides an award-winning procurement analytics and predictive analytics platform. The Rosslyn Platform helps organizations with diverse supply chains mitigate risk and make informed strategic decisions. It leverages automated workflows, artificial intelligence and machine learning to extract and consolidate procurement data providing visibility of complex supplier data, enabling supplier spend savings and delivering rapid ROI.