clifford chance case study: spend visibility in 8 weeks
DESCRIPTION
Learn how Clifford Chance relied on Rosslyn Analytics’ cloud-based spend analytics service, RA.Pid, and obtained complete enterprise-wide spend visibility (categorized at invoice line item) in approximately four weeks. This time to visibility enabled the law firm’s procurement team to achieve an ROI in just eight weeks.TRANSCRIPT
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Clifford Chance LLP: Complete Enterprise-Wide Spend Intelligence in 8 Weeks
"Clifford Chance has gained a significant competitive advantage by turning to Rosslyn Analytics." - Rob Morris, Global Head of Procurement, Clifford Chance Overview By leveraging web 2.0 technologies, Clifford Chance LLP has modernized its global procurement capabilities with an advanced spend analysis platform that gives management more complete, better and faster access to enterprise-wide spend data. Client Clifford Chance is one of the world's leading law firms, helping clients achieve their goals by combining the highest global standards with local expertise. The firm has presence in the Americas, Asia and Europe, and focuses on the core areas of commercial activity: capital markets; corporate and M&A; finance and banking; real estate; tax; pensions and employment; litigation and dispute resolution. Clifford Chance has 29 offices in 20 countries. Challenges Clifford Chance had a fragmented and incomplete view of its spend data, which resided in Oracle and various third-party systems around the world. Rosslyn Analytics was tasked with consolidating the client's data into a web-based reporting platform that would give multiple users real-time, on-demand visibility of all spend intelligence including contract vs. actual, payment terms, supplier spend reports, etc. Solution
Extracted spend data from Oracle and various third-party data feeds with minimal resource from Clifford Chance's IT department
Automatically categorized all extracted spend data; loaded spend intelligence to web-based automated spend analytics platform, Rapidintel
Configured pre-built on-demand spend analytic applications; developed bespoke executive dashboards, "slice & dice" reports and alerts
Results Rosslyn Analytics enabled Clifford Chance's management team to have complete, on-demand visibility
firm-wide spend intelligence within eight weeks of extracting data Clifford Chance, as a result of having immediate visibility of accounts payable data, was able to achieve a
return on investment of 100% within two months Today, nearly 150 Clifford Chance users including global, regional and country-specific finance and
procurement leaders, and category managers, have 24/7 access to spend intelligence via a web-based automated spend analytics platform that aggregates all internal and external sources
Clifford Chance's global procurement team, with one reporting platform, has driven down business costs through improved risk analysis, contract management, supplier management and strategic sourcing initiatives
To learn more about why competitive organizations rely on Rosslyn Analytics for leading edge cloud computing-based spend analytics, please visit www.rosslynanalytics.com.