-- Host Analytics 8.0 enables finance professionals and line-of-business
managers to develop actionable "what if" budgeting and planning scenarios.
Leveraging an enhanced simulation engine and improved scorecard graphics,
company executives can "war game" alternate potential scenarios similar to
the way the armed forces war-games potential alternatives on the battle
field.
-- Host Analytics 8.0 links a company's long-term plan to the tactical
execution of that plan, in the form of budgets and re-forecasts. Many
companies struggle with the transition from the strategic plan to the
annual budget or re-forecast. Host Analytics 8.0 addresses this by
providing support for discretionary initiatives, long-term capital
projects, and multi-year/periodic budgeting.
"The demand for software that helps corporations enable performance
management is growing significantly and is a top priority for finance and
operations management," said Mark Smith, CEO & EVP Research at Ventana
Research. "Host Analytics in its on-demand or software as a
service approach is meeting these needs. Their version 8 release brings
together capabilities for supporting the strategic and operational needs of
modeling, planning and score-carding in an integrated and easy to use
approach."
"Host Analytics 8.0 enhances our ability to communicate planning data,
supports our balanced scorecard initiative, and instills accountability
throughout the organization," said Ben Page, Manager of Planning, Reporting
and Consolidations for Elkay Manufacturing. "This new functionality will
ultimately remove hours, if not days, of processing time out of our current
forecast and budget process. Host Analytics 8.0 will allow us to be more
responsive to our internal and external environment, ultimately leading to
improved performance and profitability."
"We think the discretionary initiatives capability of Host Analytics 8.0 is
going to help us better align budgeting with our corporate strategy," said
Joel Feldman, Director of Budgeting and Planning for Otis Spunkmeyer.
"We're also excited about some of the usability enhancements that are
available in this release. This is a significant step forward for Host
Analytics."
"Two trends are behind the growing critical need for corporate performance
management software," said Ric Ratkowski, Vice President of Product
Management for Host Analytics. "First is the economy. Challenging
conditions are forcing businesses to budget and plan for potentially
seismic changes to their businesses. The second is Software as a Service.
Businesses finally can afford enterprise-class solutions without investing
and risking significant financial, IT and human resources. Host Analytics
8.0 is at the intersection of these trends, making it easier and more
cost-effective to thoroughly understand business opportunities and
challenges, and utilize this knowledge to achieve corporate objectives."
Host Analytics on-demand solutions help companies streamline their
financial reporting, consolidation, budgeting and forecasting processes.
Host Analytics solutions enable businesses to align the planning process
with their business strategies, and measure performance to manage change.
Host Analytics demonstrates its commitment to customer success by providing
solutions that make corporate performance management more flexible,
cost-effective and easy to perform.
About Host Analytics
Host Analytics is the leading provider of on-demand corporate performance
management. Host Analytics' solutions help financial and departmental
executives improve their budgeting, forecasting,
financial
consolidations, dashboarding, scorecarding, reporting
and analysis. Founded in 2000, Host Analytics delivers its suite of
corporate performance management solutions via the Software as a Service
model. 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 314-588-2121 Ext 413