Patent-Pending Technology Lets Users Leverage Microsoft Excel to Add & Edit Cloud-Based EPM Models
REDWOOD CITY, CA--(Marketwired - Dec 4, 2013) - Host Analytics, the leader in cloud-based enterprise performance management (EPM), has introduced an industry-first mechanism to instantly transform and move Microsoft Excel models into a centralized, secure, cloud-based EPM environment to facilitate financial planning and reporting. The new Host Analytics AirliftXL technology -- now included at no additional charge as part of the Host Analytics EPM Suite -- enables rapid migration with the fastest time-to-value in the EPM market. It also eliminates the cost and rework associated with recreating existing models in an EPM system.
Host Analytics AirliftXL utilizes a new patent-pending Application Transformation Engine that intelligently parses even complex spreadsheets to instantly create and import new models into the Host Analytics cloud platform. The "lift" comes from the ability to:
The new product extends the value of cloud-based EPM by enabling finance and accounting professionals to break free of Excel's security, scalability and manual process limitations without losing their investment in Excel skills and models. Research shows that even large and mature organizations still frequently rely heavily on Excel for managing key financial processes like planning and reporting. Beyond that, traditional on-premises EPM software not only requires lengthy and costly implementation and customization, but also usually forces administrators to reconstruct Excel business models line by line. Keeping EPM applications to up to date with ongoing model adjustments has historically required the same time-consuming process, frequently requiring the use of expensive outside consultants.
Host Analytics AirliftXL eliminates these problems, making it possible to take full advantage of Excel to add and edit cloud-based EPM models. "As a former Senior Director for Software Development for the Oracle Hyperion Essbase and SmartView products, I witnessed the impact of OLAP and Excel front-ends on finance and accounting professionals," said Steve Tai, Chief Architect Host Analytics. "Host Analytics AirliftXL extends those concepts further with patent-pending technology that now enables Excel not just as a reporting environment but as a modeling environment."
For a two-minute demonstration of Host Analytics AirliftXL please visit: http://ow.ly/qYSzc
What customers and industry experts are saying:
Follow @host_analytics on Twitter and Suggested Tweet:
Click to Tweet: Introducing Host Analytics AirliftXL for fastest Cloud-based EPM implementations @host_analytics #epm http://ow.ly/qYSzc
About Host Analytics
Host Analytics is the leader in cloud-based financial applications for planning, consolidation, reporting and analytics. Host Analytics enterprise performance management (EPM) customers benefit from improved business agility, improved security, and lower overall cost compared to legacy on-premises alternatives. World-class companies like NEC, Burlington Coat Factory, and Tesla Motors 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.
For more information about Host Analytics, please visit www.hostanalytics.com
Become a fan of Host Analytics on Facebook: https://www.facebook.com/HostAnalyticsInc
Follow Host Analytics on LinkedIn http://www.linkedin.com/company/host-analytics-inc.
Follow @host_analytics on Twitter
Contact Information:
For more information, contact:
Tony Keller
SS|PR
312-750-0858