Rio Tinto deploys Spendvision expenses platform globally

Spendvision, a global provider of total transaction management solutions, has announced that its hosted platform is being deployed globally by international mining group, Rio Tinto. The solution will enable more than 20,000 employees to record, track and manage corporate expenses. The platform will be rolled out across more than 10 business units in APAC, US, Canada and EMEA over a 12 month period.

Rio Tinto selected Spendvision as its Global Expense Management Solution (GEMS) following a comprehensive evaluation of a range of market-leading solutions. 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," said Scott Singer, Global head of Procurement at Rio Tinto.

"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."

"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," said Robert Kirby, CEO of Spendvision.

"Having access to accurate, timely and actionable information about total spending patterns is vital for making informed cross-country comparisons and decisions. Through just one platform, we can support everything from consolidated reporting to corporate card management as well as more complex requirements such as detailed merchant and vendor analysis. 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."

Spendvision is headquartered in the UK with offices in the US, Australia, New Zealand, Japan.