Spendvision goes to Rio with hosted platform

Gordon Peters
Tuesday, 24 August 2010 21:22

IT Industry - Deals

Global mining giant, Rio Tinto, is to deploy worldwide a hosted platform from transaction management solutions vendor, Spendvision, that will enable more than 20,000 of its employees to record, track and manage corporate expenses.

Spendvision said today the platform will be rolled out by Rio Tinto across more than 10 business units in APAC, US, Canada and EMEA over a 12 month period.

According to an announcement by Spendvision, Rio Tinto selected its Global Expense Management Solution (GEMS) following a comprehensive evaluation of a range of market-leading solutions.

Scott Singer, global head of procurement at Rio Tinto, said each solution was analysed across a set of standard criteria and the Spendvision platform was chosen as it scored the highest in relation to ease of use, screen layout and the time taken to complete an expense report. 'Another key factor in the decision was that Spendvision is a Software as a Service (SaaS) solution. This hosted application gives Rio Tinto a pay-as-you-use model that provides both greater flexibility in use of the application and reduces the costs and issues associated with software development and maintenance.

"When we started researching a new expense management system, we knew we needed a centralised solution with the flexibility to deliver benefits to our staff, our business units and our corporate head office. Disparate systems, labour intensive processes and limited visibility of consolidated spend were having an impact at the local and global levels. The Spendvision solution will not only deliver enhanced reporting to suit the requirements of central management and our business units; we will now be able to analyse global data to identify ways to optimise spend and reduce costs."

Spendvision CEO, Robert Kirby said "working with Rio Tinto to deliver a comprehensive global expense management platform is a great opportunity for us to showcase the power of our one platform solution. It really shows the potential that simply automating travel and expense, purchasing card and out of pocket reimbursement processes can have in terms of business efficiencies, management visibility and of course cost savings."