REDWOOD CITY, Calif., June 28, 2018 (GLOBE NEWSWIRE) -- Host Analytics, the leading innovator of cloud-based enterprise performance management (EPM) solutions, has been named a Major Player in the 2018 IDC MarketScape: Worldwide Enterprise Performance Management Analytic Applications 2018 Vendor Assessment. The company was recognized for its customer support, integration connections with key partners and complimentary software solutions, and for continually delivering new innovations and capabilities to its customers. Major Player was the highest level any vendor achieved in the assessment.
The first EPM market evaluation takes a look at leading EPM software used for planning, budgeting, and forecasting and highlights quantitative and qualitative characteristics that explain success in the ecosystem. Complimentary access to the report can be viewed here.
“Enterprise performance management has been around for a long time, but in many cases, business users have continued to use spreadsheets to circumvent the complexities of working with heavy, legacy EPM applications. Modern EPM is a game changer, putting insights at the hands of the business user and allowing enterprises to make better and more strategic decisions in a much timelier manner,” said Chandana Gopal, research manager, Analytics and Information Management at IDC.
One key factor IDC noted in considering an EPM system is its ability to integrate with critical source systems. The report added, “For buyers that are interested in having real-time integration with operational enterprise applications, vendors that have technology partnerships with those applications through connectors or prebuilt integrations will be easier to implement and faster to deploy.” Host Analytics makes it easy for organizations to connect their entire finance ecosystem; ensuring customers have the most updated information at the point and time of need. Pre-built connectors include Oracle NetSuite, Sage, Xactly, Workiva, Intacct and more.
The EPM market is poised for rapid innovation with the inclusion of advanced analytics features in offerings over the next 12-18 months.
“This first-ever analysis of the EPM space by IDC is reflective of the market potential and highlights how innovation, integration and customer support will take our industry to new heights,” said Dave Kellogg, CEO of Host Analytics. “We are pleased to be recognized for our leadership and we will continue to innovate, make our customers more successful, and create more value for the industry.”
Another strength highlighted is Host Analytics’ ongoing commitment to delivering new features and innovations, many of which are driven by customer feedback. In the last year alone, Host Analytics has delivered 175 new capabilities to our customers - enhancing every aspect of its platform to deliver greater value to our customers. Customers mentioned that Host's active road map introduces new features and functionality frequently, and that Host provides ample support to these new rolling outs.
Earlier this year, Host Analytics unveiled the first ever collaborative planning, budgeting, and forecasting solution, MyPlan. The offering delivers an intuitive interface with a task-oriented design made specifically for business owners, allowing them to view the state of their business and make updates to budgets and forecasts, all in the same tool. Most recently, the company announced 35 new advancements, including updates to Host Analytics Reporting, Host Analytics Dashboards, Host Modeling and new Microsoft Office integrations, that help customers improve transparency, reporting, and drive actionable insights so they can get their jobs done faster and easier.
Additional background information on Host Analytics executives can be found here.
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- IDC MarketScape: Worldwide Enterprise Performance Management Analytic Applications 2018 Vendor Assessment, (Doc# #US43847618), June 2018
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.
About Host Analytics
Host Analytics is the industry’s leading innovator of cloud-based Enterprise Performance Management Solutions, (EPM). Companies of all sizes, from $10 million startups to $50 billion multi-nationals, rely on Host Analytics to provide industry leadership in the areas of financial planning, budgeting, modeling, consolidations, and reporting. More than 700 customers in 90 countries including Bose, Boston Red Sox, FitBit, La-Z-Boy, Mayo Clinic, NPR, OpenTable, Peet’s Coffee & Tea, Pinterest, Swissport, TOMS Shoes, and Vitamin Shoppe have subscribed to Host Analytics to help them drive revenue and margin growth. Host Analytics is a private company backed by leading venture capitalists and is headquartered in Silicon Valley.
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