REDWOOD CITY, CA--(Marketwire - January 12, 2011) - Host Analytics, the leading provider of on-demand corporate performance management (CPM) solutions, today announced that Schumacher Group, one of the three largest hospital emergency department management firms in the United States, has implemented the Host Analytics Budget and Host Analytics Revenue Planning applications. Schumacher Group, whose staffing and management services serve thousands of clinical providers throughout the nation, depends on Host Analytics' web-based tools to understand the full impact of business decisions by tracking, planning and forecasting financial data.
Schumacher Group works with over 2,500 clinical providers to improve emergency department performance by providing staffing and management services, assessment of emergency department efficiency and reporting on quality of care. Given the multiple geographic areas in which those responsible for budgeting and planning reside, dozens of siloed finance departments were forced to collaborate on budgeting matters in spreadsheets via email, leading to version control issues, broken links and ultimately inefficiencies.
Prior to deploying Host Analytics, Schumacher Group was using a home-grown manual budgeting system. The switch to Host Analytics was prompted by the organization's need to implement a solution that not only met their business needs in a fast, accurate, and cost-effective way, but also created a stronger relationship between their finance and IT executives.
"Life for our finance department before Host Analytics could best be described in one word -- cumbersome," explained Douglas Menefee, CIO of Schumacher Group. "We spent more time ensuring the data was actually correct and merging files, when we should have been analyzing that data. That was the burden brought on by relying on a system of spreadsheets with data that was copied, pasted and emailed by dozens of finance contributors scattered throughout the country. Managers can now focus on analyzing the budget and understand their variances to plan. This leads to better, more factual decision making instead of spending time consolidating files and tying spreadsheets. For our end users, the efficiency that Host Analytics brings within the finance department allowed them to cut their non value-add work time in half."
In addition to increasing accuracy and efficiency for finance executives, Schumacher Group needed a budgeting solution that would be easy to implement. The decision to use Host Analytics was made by finance and IT partly due to Host Analytics' cloud-based delivery model, a model that made up the majority of Schumacher Group's other IT solutions.
"Our finance department was online with Host Analytics in just two weeks," continued Menefee. "Compared to on-premise solutions that can take up to a year to implement and coupled with dedicated support and a SaaS delivery model, choosing Host Analytics' cloud application was the obvious choice. Best of all, it has transformed our budget process from a completely manual spreadsheet to seamless budgeting and planning collaboration among managers."
More than 200 enterprises worldwide use Host Analytics to support operational decision making with financial information. Host Analytics is the only company to offer a comprehensive suite of multi-tenant SaaS financial performance solutions. The company was named to the 2010 AlwaysOn OnDemand Top 100, which identifies companies with game-changing approaches and technologies likely to disrupt existing markets and entrenched players. Additionally, the company was recognized by leading analysts in the Gartner Research Magic Quadrant for Corporate Performance Management Suites, and named a "strong performer" in the Forrester Wave report from Forrester Research on Business Performance Solutions.
About Schumacher Group
A physician-owned and mission-driven company, Schumacher Group is one of the three largest hospital emergency department management firms in the United States. Schumacher Group is responsible for staffing and operating 187 acute care hospital emergency departments providing care to more than three million patients annually.
About Host Analytics
The Host Analytics Decision Platform™ reveals the full implications of decisions -- both risk and reward. As the industry's first on-demand corporate performance management (CPM) suite, Host Analytics improves budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis to drive fact-based decisions for finance executives. Host Analytics serves midsize to large customer organizations including JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes and Red Roof Inn. Founded in 2000, Host Analytics was named among JMP Securities' Hot 100: The Best Privately Held Software Companies and the AlwaysOn OnDemand 100.
For additional information, visit http://www.hostanalytics.com/ or join the conversation at www.twitter.com/host_analytics.
Contact Information:
Contact Information:
Dave Struzzi
Kulesa Faul for Host Analytics
(212) 228-7972