-- Team Edition - Financial Consolidation, a robust on-demand solution
designed to replace Microsoft Excel and legacy on-premise solutions in
midsized companies and enterprises;
-- A series of new high-impact partnerships with SaaS-focused ISVs and
systems integrators; and
-- A powerful customer community 'ecosphere' that adds an element of
social networking to Host Analytics' cloud corporate performance management
agenda
Host Analytics Version 9.0
With the launch of v9.0, Host Analytics is introducing new functionality
designed to make its SaaS CPM suite more comprehensive, extensible and
usable. A more comprehensive feature set for the financial consolidation
module of the Host Analytics suite eliminates the complex macros and
scripting required in spreadsheets and legacy solutions. At the same time,
it allows multi-national organizations to easily and quickly handle interim
currency, sub-consolidation, minority interest and dynamic journal entries
for managing the complexities of multiple sets of books including GAAP and
IFRS.
Budgeting enhancements include the use of dimensional attributes for
reporting and modeling flexibility, and wizards to speed the development of
templates and mapping. Version 9 features enhanced Excel integration for
dynamic access to actuals, budgets and forecast values for custom and ad
hoc reporting and analysis. Extensibility has been enhanced to support
SEC-required XBRL reporting through NeoClarus, web services based
integration to ERP, CRM and HCM data sources through Boomi, and custom
reporting through Microsoft Reporting Services documents that can be run
within the Host Analytics suite. Usability improvements include reduced
process steps, task lists, wizards and Web 2.0-based toolbars and menus.
"During the software selection process, Host Analytics demonstrated that
they had a very robust and adaptable system which was capable of handling a
complex multinational structure," said Richard Oppenheim, Corporate
Financial Controller at Helen of Troy Limited. "We also felt that that
Host was committed to our success and they have been very flexible in
working with us to tailor an implementation plan suitable to our needs."
Team Edition - Financial Consolidation
Designed as a replacement for Microsoft Excel and costly legacy solutions,
Host Analytics Team Edition - Financial Consolidation is targeted to
midmarket companies that need robust financial consolidation functionality.
The SaaS-based application improves the accuracy and reliability of the
financial-close process by controlling the potentially lethal combination
of velocity and complexity found in the close process; business rules, not
cryptic scripts, support the organization, currency conversion, allocations
and consolidation logic. Team Edition - Financial Consolidation can be
deployed in approximately five days and is priced at $58 per user per month
with a five-user minimum.
"Many companies that can't afford (or don't want to spend the money) to buy
consolidation software use desktop spreadsheets instead, but that's a
mistake," observed Robert Kugel, Senior Vice President of Ventana Research.
"Our benchmark research shows that corporations that use consolidation
software are able to do their monthly close about 38% faster and on average
can close their quarters 20% sooner. CFOs and Controllers who want to close
faster and more accurately but think they cannot afford consolidation
software should definitely look into Host Analytics as an alternative to
desktop spreadsheets."
New Partnerships
Host Analytics is expanding its distribution channel and implementation
capabilities by partnering with other SaaS-focused ISVs and systems
integrators. In April Host Analytics announced partnerships with Boomi,
OnDemax and PivotLink. More recently Host Analytics has added Quest
Partners, RTC Consulting LLC and XBRL solution provider NeoClarus to its
partner mix.
Customer Community Ecosphere
In a Facebook world, Internet application users typically problem-solve by
connecting with other users online in peer groups, chat rooms and blogs.
As a leading advocate for cloud-based business software, Host Analytics is
facilitating these conversations for users of its CPM solutions. The
vibrant, worldwide community of 8,000-plus users can access the Host
Analytics Customer Community Ecosphere to exchange ideas with other users,
review CPM best practices, join industry or role-based groups, or casually
network with peers. Participating in the community is easy and always
free-of-charge. Users are provided a special URL to access the Customer
Community Ecosphere.
"Host Analytics' rapidly growing customer base is a clear indication that
businesses of all sizes are increasingly recognizing the unique
capabilities of leading SaaS solutions to help them improve their corporate
performance in an increasingly challenging economic environment," according
to Jeffrey M. Kaplan, Managing Director of THINKstrategies, Inc. and the
Founder of the SaaS Showplace.
About Host Analytics
Host Analytics is the leading provider of on-demand corporate and financial
performance management solutions. Host Analytic's solutions help financial,
line of business and departmental executives improve their budgeting, forecasting, financial
consolidations, dashboarding, scorecarding, reporting
and analysis. Host Analytics delivers its suite of corporate
performance management solutions via the Software as a
Service (SaaS) model. Host Analytics, a pioneer in providing
comprehensive and easy to use CPM solutions, was founded in 2000 and
expanded its SaaS offering in 2005 to include a complete suite of CPM
solutions.
Host Analytics helps organizations streamline the performance management
process, align the planning process with business strategy and effectively
measure performance and manage change. As a SaaS delivered solution, Host
Analytics customers realize fast time to value through quick implementation
of solutions, the highest levels of user adoption, effective empowerment of
business users and a continuous flow of Host Analytics provided solution
innovations and improvements.
Host Analytics serves the enterprise, large and midsized company and public
sector markets including industry leading companies like JP Morgan Chase,
Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and Red Roof Inn. Host
Analytics was included in JMP Securities' prestigious "Hot 100: The Best
Privately Held Software Companies." For additional information, visit
http://www.hostanalytics.com/ or call (314) 588-2121.
© 2009 Host Analytics Incorporated. All rights reserved. All trademarks
are the property of their respective owners.
Contact Information: Company Contact: Gary Damiano Host Analytics 650-249-7105