REDWOOD CITY, CA--(Marketwired - May 14, 2013) - Host Analytics, the leader in cloud-based enterprise performance management (EPM), announced today that 5.11 Tactical ("5.11"), a leading brand of tactical gear for the law enforcement, military, first responder, and public safety markets, is deploying Host Analytics to upgrade 5.11's financial planning, consolidation, and reporting capabilities.
5.11 has been ranked in the Inc. 500's annual ranking of privately held, independent, U.S.-based companies based on revenue growth. Designing and delivering functionally innovative gear to its customers around the world, the apparel company leads the industry with products that enhance safety, accuracy, speed and performance.
5.11's continued rapid growth was making it increasingly challenging for its Finance team to "keep up." The existing processes relied on multiple separate systems, with no easy way to quickly get a centralized view of consolidated financial information, manage a coordinated budgeting and planning process, and to uncover strategic insights to drive additional performance improvements. 5.11 saw an opportunity to streamline its processes and establish an efficient, flexible, and repeatable approach.
5.11 identified cloud-based EPM from Host Analytics as a solution that would address these challenges while providing easy access for users, with a much faster deployment and lower overall costs compared to on-premises alternatives. 5.11 is also taking advantage of Host Analytics Decision Hub, a unique offering in the EPM market that makes it easy for organizations to incorporate external financial data, including macroeconomic indicators like the Consumer Confidence Index that are critical to effective planning for growing manufacturers like 5.11.
"Our business has been tremendously successful, and it was time for us to streamline and automate the management of our key financial processes for planning, consolidation, and reporting," said Brenda Morris, CFO at 5.11. "Host Analytics was the clear choice for us because it addressed all of our functional needs while giving us the agility, security, and cost advantages of a cloud-based deployment model."
"We are proud to partner with a company like 5.11 that represents the best in its industry," said Alison Holmlund, vice president of Customers for Life at Host Analytics. "We work closely with them to share best practices in addition to product expertise so that they can realize the business benefits they need and get the most value from their investment in Host Analytics."
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About Host Analytics
Host Analytics is the leader in cloud-based financial applications for planning, close management, reporting, and analytics. Host Analytics Enterprise Performance Management (EPM) customers benefit from improved business agility, lower total cost of ownership, faster time to value, increased security, and a faster pace of innovation compared to traditional on-premises alternatives. World-class companies like NEC, Burlington Coat Factory, and Crocs trust Host Analytics to power their strategic financial processes. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with offices around the globe.
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Contact Information:
For more information, contact:
Tony Keller
SS|PR
312-750-0858