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Host Analytics Advances Cloud Financial Analytics With New Reporting, Ease of Use FeaturesCloud CPM Leader Enables Dynamic Reporting by Simplifying Close and Disclose Process, Financial Reporting and Consolidation (March 14, 2012)
REDWOOD CITY, CA -- (Marketwire) -- 03/14/12 -- Host Analytics, the leader in Cloud-based corporate performance management (CPM) solutions, today announced a new set of features for its CPM suite that enables dynamic financial reporting for businesses via the cloud. The new features, available now, are coupled with a new user interface, designed for finance executives to manage processes, such as financial consolidation and reporting, from an intuitive control panel.
"The needs of finance executives continue to evolve," said Jon Kondo, CEO at Host Analytics. "Today's announcement shows Host Analytics' technology is keeping pace with changing needs. Our new dynamic reporting features are especially unique because they give businesses a clear and accurate view of financial results via the cloud. Accuracy and speed of processes around close and disclose and financial reporting are paramount for many businesses. Using our innovative solutions, those processes are greatly improved, which ultimately gives decision-makers the financial data they need to succeed. Because it is delivered via the cloud, Host Analytics is the only vendor that can offer this type of solution."
Demand for information is intense, both inside and outside of an organization. Decision-makers can't wait for their finance professionals to close the books, and regulatory agencies require that they disclose complete, accurate information in timely fashion. Host Analytics provides a simple, repeatable process for reporting that's highly accurate. The seamless process extends from the periodic close through executive reporting to compliance with reports that satisfy regulations of the SEC and other agencies.
What's more, the dynamic reports generated by Host Analytics combine financial reporting and ad-hoc reporting to form a comprehensive picture of finance. As part of today's announcement, Host Analytics is also debuting a new user interface that gives finance executives access to their dynamic reports via an intuitive and streamlined control panel. With it, users can produce professional quality financial reports with drill down menus that provide comprehensive details about the inner workings of finance.
"We consolidate over 60 legal entities and more than 12 general ledger databases by the third of each month using the Host Analytics' Consolidations UI," said Tom Sullivan, manager of financial planning and analysis for ACCIONA Energy North America Corporation. "Using our previous process, it simply was not possible to consolidate the company with the timeliness and accuracy we are able to today."
Host Analytics' suite of Cloud-based corporate financial planning and management solutions helps finance executives drive fact-based decision making throughout their organizations and puts rigor into financial processes, such as planning and budgeting, scorecarding and financial consolidation and reporting.
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About Host Analytics
The Host Analytics Decision Platform reveals the full implications of decisions -- both risk and reward. As the industry's first Cloud-based corporate performance management (CPM) suite, Host Analytics improves budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis to drive fact-based decisions for finance executives. Host Analytics serves midsize to large customer organizations, including AT&T, Groupon, NexTag, Crocs, Thule, Otis Spunkmeyer, Schumacher and Red Roof Inn. Founded in 2000, Host Analytics has received industry recognition including JMP Securities' Hot 100: The Best Privately Held Software Companies, AlwaysOn OnDemand 100, AlwaysOn Global 250, the Ventana Research Leadership Award, the Editors' Choice Award From TechWeb's Intelligent Enterprise, Lead 411 Hot Company Silicon Valley Award, and the Red Herring Top 100 North America Tech Startup and also Global 100 Awards.
Kulesa Faul for Host Analytics
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