-- 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 agendaHost 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