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Host Analytics Named Hot Vendor in Ventana Research 2012 Value Index for Financial Performance ManagementCloud CPM Leader Ranks High for Strength of CPM Suite, Customer Assurance (July 03, 2012)
REDWOOD CITY, CA -- (Marketwire) -- 07/03/12 -- Host Analytics, the leader in cloud corporate performance management (CPM), today announced its recognition as a "Hot Vendor" by Ventana Research in its 2012 Value Index for Financial Performance Management. Host Analytics received an impressive 87.4 percent valuation.
"Performance management checks and balances are a critical necessity for any successful business," said Jon Kondo, CEO of Host Analytics. "We welcome our 'Hot Vendor' rating by Ventana Research in the latest Value Index for Financial Performance Management, alongside IBM, Oracle, SAP, SAS and other companies included. We have brought innovation to CPM for over a decade, arming finance executives with the information they need to drive fast and intelligent decision-making throughout the organization."
The Ventana Research Value Index is an analytic representation showing how well a vendor's offering meets buyers' requirements for software that enables and supports Financial Performance Management. The Index evaluates the software in the context of seven key categories. Five categories are product-oriented: adaptability, manageability, reliability, usability and functionality. Ventana Research also considered two customer assurance categories: total cost of ownership and return on investment, and validation. To assess functionality, Ventana Research applied the Ventana Research Financial Performance Management evaluation framework, which examines the operational and performance activities and processes in organizations.
"Corporations need to plan, budget, set financial and strategic objectives, perform statutory consolidations, assess results and report them to management and shareholders. Financial Performance Management software enables businesses to perform these functions faster, more efficiently and with greater insight," said Robert Kugel, senior vice-president and research director of Ventana Research. "Companies assessing Financial Performance Management software should take advantage of our 2012 Value Index that evaluates the various suites that are available. The Index assessed Host Analytics as a leading 'hot' vendor, based on its capabilities and value to customers."
Host Analytics is one of Silicon Valley's fastest growing cloud companies. The company delivers the first and only complete suite of cloud CPM and business analytics applications to help finance executives drive faster and smarter decisions throughout their organizations. Host Analytics' solutions cover planning, budgeting, scorecarding, financial consolidation and reporting.
To download the Ventana Research 2012 Value Index for Financial Performance Management report, go to: http://www.ventanaresearch.com/FPMvalueindex2012/
Tweet this: Ventana rates @host_analytics Hot Vendor in 2012 Value Index for Financial Performance Management ow.ly/bYtNv #cloud #CPM
About Host Analytics
Host Analytics is the #1 cloud corporate performance management company, providing the only complete suite for finance. Host Analytics helps organizations make better operational and financial decisions by streamlining and automating their consolidations, planning and reporting processes.
Over the span of a decade, Host Analytics has gone from pioneer to leader with their deep product functionality, world-class team and broad partner ecosystem. Thanks to the cloud, customers enjoy low costs, low risk and fast results that give them an edge and helps Finance gain greater influence in setting business strategy and operational priorities. Host Analytics is:
- 1st cloud corporate performance management solution;
- 1st to deliver external data integration;
- 1st to deliver a business analytics application built for finance in the cloud.
Host Analytics serves midsize to large customer organizations, including AT&T, Groupon, Crocs, Thule, Otis Spunkmeyer and Schumacher. The company has received on-going industry recognition and was most recently recognized by AlwaysOn for the OnDemand 100 and Global 250 Top Private Companies Awards and by Network Products Guide for its Hot Company Award.
Kulesa Faul for Host Analytics
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