Business
Strengthening client relationships during COVID-19
Strengthening client relationships during COVID-19.
About this update from Rosslyn Data Technologies Plc
[{"type":"text","content":"\n \n \n RNS Number : 1443S\n Rosslyn Data Technologies PLC\n 07 July 2020\n \n \n \n \n 7 July 2020\n \n \n Rosslyn Data Technologies plc\n \n \n \n \n \n (\"Rosslyn\" the \"Group\")\n \n \n \n \n \n Rosslyn strengthens client relationships with additional support and services during COVID-19\n \n \n \n Rosslyn Data Technologies plc (AIM: RDT), a leading global big data technology company, announces that the resilience it reported at the time of its fundraising on 7 May remains and the Group has continued to assist clients in managing the consequences of COVID-19 restrictions in their procurement chain, using Rosslyn's RAPid procurement analytics platform. The Group's client operations and support have not been adversely affected by lockdown.\n \n \n Rosslyn has a broad range of clients across sectors including manufacturing, banking, pharmaceuticals, food and beverages, leisure and transport (including airlines), many of whom have been impacted by reduced revenues as a result of the current pandemic. This has driven a demand from clients to investigate new opportunities to reduce their cost base or deferment of supplies. COVID-19 has also highlighted new risks within the supply chain and Rosslyn has been able to assist its clients to better understand where the risks are and has enabled them to build increased resilience into their supply chains.\n \n \n Within two days of lockdown in Europe, Rosslyn developed a COVID-19 dashboard and rolled it out to all its clients. The dashboard provides aggregated incidence data by country sourced from John Hopkins University with each client's own supply chain data and the geographical location of suppliers for each category of purchased product. Each client has been able to use this data to analyse COVID-19 impact risk within their own supply chain by geographical location and product type. As lockdown measures are now easing on a country-by-country basis, clients are using this real-time data to restart supply chain operations.\n \n \n Rosslyn has also assisted clients by undertaking analysis of client data to help identify potential savings. These savings have been categorised into three key areas:\n \n \n · \n supplier rationalisation and \"tail-spend\" visibility - providing opportunities to eliminate low-spend suppliers which take dispropor...