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Nextag Finds the Right Deal for Financial Reporting and Consolidation With Host Analytics' SaaS Corporate Performance ManagementCompany Improves Budgeting and Planning Efficiency, Eliminates Spreadsheets, Grows Business Intelligence With Host Analytics (October 25, 2011)
REDWOOD CITY, CA -- (Marketwire) -- 10/25/11 -- Host Analytics, the leading provider of SaaS corporate performance management (CPM) solutions, today announced that Nextag, a leading comparison shopping website for products and services, have decided that the Host Analytics CPM suite will be the preferred solution to enable efficient budgeting and planning processes, as well as gain better insight into the financial effect of business decisions.
Nextag provides best-in-class search technology that helps more than 30 million monthly customers find the products, prices and information they need, when and where they need them.
"As a rapidly growing company, the ability to understand full effects of our investments is crucial," said Derek Yung, vice president of finance and strategic planning, Nextag. "Like most companies, we had existing processes in place. The area we struggled with, however, was making sure those processes were thorough, error-free, and most importantly, efficient. Versioning issues and the overall complexities of using spreadsheets for budgeting and planning were issues for us. Streamlining the process was our first goal. Next comes more time for analysis, better decisions and improved performance."
After a thorough vetting of several other CPM providers, Nextag selected Host Analytics in part due to its intuitive user interface and SaaS-based delivery method. More than 60 employees across the company will rely on Host Analytics' CPM suite for budgeting, forecasting and Host Analytics' state of the art external reporting features.
"We hadn't initially considered implementing a SaaS solution," continued Yung. "But after seeing Host Analytics' technology, it was easy to see the benefits for Nextag. The speed of implementation and more simple design of the solution was an added bonus. Today, Host Analytics' CPM suite is our biggest SaaS solution and one that we rely on for many of the critical budgeting and planning processes."
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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, National Public Radio, 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 and the Red Herring Top 100 North America Tech Startup Award.
Nextag is the ultimate resource for online shoppers, offering a fun, reliable and expansive browsing experience for everything from toys to travel plans. Our best-in-class search technology and proven expertise ensure that all of our 30 million+ monthly customers find the products, prices and information they need, when and where they need them. Nextag operates comparison shopping sites in the US (Nextag.com), the UK (Nextag.co.uk), France (Nextag.fr), Germany (Nextag.de), Spain (Nextag.es), Italy (Nextag.it), Australia (Nextag.com.au), Japan (Nextag.co.jp), and Canada (Nextag.ca). Nextag® is headquartered in San Mateo, California with offices in Chicago, London, Tokyo and Gurgaon, India.
Kulesa Faul for Host Analytics
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