REDWOOD CITY, CA--(Marketwire - April 15, 2010) - Host Analytics, a leading provider of cloud-based corporate performance management (CPM) solutions, today announced the integration of the company's Performance Management Suite with the NetSuite cloud computing platform. The Performance Management Suite is designed to help companies perform budgeting and financial planning to maximize business performance. Built using NetSuite's SuiteCloud development platform, the combined solution will help companies improve business agility and profitability by projecting and optimizing financial-performance scenarios.
NetSuite's SuiteCloud is a comprehensive offering of on-demand products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of cloud computing. The complete SuiteCloud offering includes NetSuite's multi-tenant, always-on SaaS infrastructure and the NetSuite business suite of applications: Accounting/ERP, CRM and Ecommerce.
"More and more of today's finance professionals are moving to cloud-based technology to oversee mission-critical business issues such as enterprise resource planning, financial planning, budgeting, consolidations, cost and profitability management, strategy and performance management," said Jon Kondo, CEO of Host Analytics. "By uniting Host Analytics with NetSuite and its powerful dashboards, customers can now bring together all the data necessary to improve financial decision making, and can reduce IT costs by leveraging the cloud computing benefits of both vendors."
The integration between Host Analytics and NetSuite will help large and mid-market companies improve profitability by providing finance professionals with a more comprehensive view of business performance data ranging from high level KPI's to detailed product and customer profitability. The integrated solution will allow customers to exchange data between the platforms to perform what-if scenarios, so CEOs, CFOs and Line of Business executives can make financially informed decisions.
"Host Analytics complements NetSuite's built-in dashboards and analytics with a strong budgeting and planning solution that allows businesses to better evaluate and improve corporate performance," said Guido Haarmans, Vice President of Developer Programs at NetSuite. "With its intuitive user interface, on-demand availability and short implementation time, the Host Analytics system makes a great addition to the SuiteCloud Developer Network."
"As a CFO, I understand the importance of tightly integrating financial operational processes with the consolidation and planning processes," said Kelly Battles, CFO at Host Analytics. "We expect by using our own solution with NetSuite will save us up to five days per month on the mechanics of the monthly close and re-forecast, allowing us much more time for value-add analysis."
Over time the integration will enable Host Analytics to develop applications for specific markets such as manufacturing and services companies, according to Kondo. Host Analytics recently was named by Forrester Research in The Forrester Wave™: Business Performance Solutions report, released in November 2009, as a "strong performer." Host Analytics was the only pure-play Software-as-a-Service vendor to appear in the report.
The announcement was made today at SuiteCloud 2010, NetSuite's annual partner and developer conference being held in San Francisco.
Visit www.suiteapp.com for more information on the integrated solution.
About Host Analytics
Host Analytics helps executives see the full implications of decisions -- both risk and reward. Our solutions drive fact based decision making throughout the organization and rigor into financial processes. Our leading on-demand corporate performance management solution helps financial executives improve budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis. Most importantly, it helps drive fact-based decisions based on sound financial justification. Host Analytics delivers its product suite using Software as a Service (SaaS) on-demand delivery to increase security while reducing cost and deployment time. Founded in 2000, Host Analytics serves enterprise, large, and midsize companies across industries, including industry-leading companies JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and Red Roof Inn. Host Analytics was included in JMP Securities' prestigious "Hot 100: The Best Privately Held Software Companies" and was the recipient of the Best of SaaS Showplace Award from market research firm THINKstrategies. For additional information, visit http://www.hostanalytics.com or call 866-853-HOST (4678)
About SuiteCloud
NetSuite's SuiteCloud is a comprehensive offering of on-demand products, development tools and services designed to help customers and commercial software developers take advantage of the significant economic benefits of Cloud computing [again, question re capitalization]. Based on NetSuite, the world's most widely used Software as a Service business application suite, SuiteCloud enables customers to run their core business operations in the Cloud, and software developers to target new markets quickly with newly-created mission-critical applications built on top of mature and proven business processes. The complete SuiteCloud offering includes NetSuite's multi-tenant, always-on SaaS infrastructure; the NetSuite Business Suite of applications (Accounting/ERP, CRM, Ecommerce); the NS-BOS Development Platform; the SuiteCloud Developer Network (SDN), a comprehensive developer program for Independent Software Vendors (ISVs); and SuiteApp.com, a single-source online marketplace where customers can find applications to meet specific business process or industry-specific needs. For more information on SuiteCloud, please visit http://www.netsuite.com/developers.
NetSuite, the NetSuite logo, SuiteBundler, SuiteCloud, Suitelets and SuiteScript are service-marks or trademarks of NetSuite Inc.
© 2010 Host Analytics Incorporated. All rights reserved. All trademarks are the property of their respective owners.
Contact Information:
Media Contact:
Kevin Wolf
Host Analytics
650-327-1641