REDWOOD CITY, CA--(Marketwire - November 13, 2008) - Host Analytics, a leader in on-demand financial and corporate performance management
(CPM), today announced increasing demand for its SaaS CPM suite among
global and midsized manufacturers. In all, more than two dozen
manufacturing firms have deployed Host Analytics' integrated financial
reporting, consolidation, budgeting and forecasting solutions to improve
sales and operational performance.
Intense demand for Host Analytics' SaaS CPM solutions is being driven by
several factors, including current economic conditions, spreadsheet
disillusionment, the high cost and low value of traditional enterprise CPM
software, and an increasing comfort-level among finance executives
regarding the use of SaaS for core applications such as budgeting and
forecasting.
Several high-profile manufacturers recently selected or have increased
their use of Host Analytics. Representative large-enterprise clients
include:
-- Borg Warner, a multi-billion dollar global manufacturer of engines and
transmissions
-- Dawn Foods, one of the world's largest independently owned bakery
manufacturers and distributors
-- Otis Spunkmeyer, whose ready-to-bake, frozen cookie dough is the #1
brand in foodservice
-- Elkay Manufacturing, the worldwide leader in stainless steel sinks,
drinking fountains and kitchen cabinets
Meanwhile, Host Analytics' mid-market client list is highlighted by these manufacturers:
-- Duke Manufacturing, whose food preparation and serving equipment is
used in educational, healthcare, industrial, and restaurant applications
-- Pantone, a wholly owned subsidiary of X-Rite, Incorporated, the global
authority on color and a provider of professional color standards for the
design industries
-- Signet Armorlite, the originator of the plastic eyeglass lens in North
America
"These economic times are unprecedented for our particular industry and our
company's history," said John Hrudicka, Vice President, Controller,
Operations Planning & Analysis of Elkay Manufacturing. "Our partnership
with Host Analytics is enabling us to formalize our strategy management
system to ensure diligent execution of our long-term strategy and short-term tactics that optimizes sales growth and profitability."
"With Host Analytics, we now have consistent data that can be shared
easily," said Joel Feldman, Director of Budgeting and Planning, Otis
Spunkmeyer. "And the flexibility to do top-down or bottom-up planning, at
whatever level we think is appropriate, is a big deal for us."
Host Analytics, a leading provider of SaaS CPM
according to Gartner, has attracted the attention of manufacturers
searching for a CPM suite that is easier to use and more cost-effective
than conventional, licensed-software systems, and richer in functionality
than competing SaaS products. Manufacturers are selecting Host Analytics
for its unique ability to scale to handle thousands of customers and
products simultaneously, and proven capability to manage sales as well as
operational planning. Host Analytics also is the only SaaS vendor whose
suite provides bill-of-sales and kit functionality, along with the ability
to reconcile sales forecasts according to individual groups within an
organization.
"Economic conditions are challenging every business to improve planning,"
said Jon Kondo, CEO, Host Analytics. "This responsibility falls to
executives as well as plant managers, who understand better than anyone the
issues that complicate sales and operations. Host Analytics helps by
providing key stakeholders with quick and easy access to summary as well as
detailed financial information, so they can plan and measure performance
more closely. That many of the largest manufacturers are using Host
Analytics to achieve their financial objectives is validation of our
leadership position in the SaaS CPM market."
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 Nortel Networks. 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.
© 2008 Host Analytics Incorporated. All rights reserved. All trademarks
are the property of their respective owners.
Contact Information: Company Contact:
Gary Damiano
Host Analytics
650-855-4980 Ext 413