SOURCE: Host Analytics Incorporated

Host Analytics Incorporated

September 13, 2010 09:23 ET

Host Analytics Adds Executive Report Manager to CPM Suite for Advanced, Automated Reporting

Standardizes, Simplifies and Enhances Financial, Operational and Regulatory Reporting

REDWOOD CITY, CA--(Marketwire - September 13, 2010) -  Host Analytics, the leading provider of on-demand corporate performance management (CPM) solutions, today announced a new addition to its industry-leading suite with the Host Analytics Executive Report Manager (ERM). Through an automated fusion of internal and external data, Host Analytics ERM provides finance executives with automated, collaborative and efficient reporting to drive more effective corporate decision-making.

Today's finance leaders are often overwhelmed by their ongoing reporting cycles with little time to focus on enhanced reporting or advanced analysis. The month-end close is often a tedious, manual cut-and-paste exercise, which introduces the possibility for errors and often requires hours of low-value time from the finance team. Host Analytics has developed ERM to manage and automate the reporting process. ERM brings both internal and external data into a sophisticated reporting solution that provides accurate and timely financial information along with the underlying operating metrics critical to the executive team, all delivered in a professional, customizable and highly usable format.

"There is a variety of content, input and information that factors in to the financial reporting process with various portions coming from across different business functions and various external sources. This often makes a routine process such as a month-end close overly complex, tedious and time consuming," said Kelly Battles, CFO of Host Analytics. "With Host Analytics ERM, we've improved our monthly close and reporting process by providing consistent and timely data with the click of a mouse, saving hours each month across our finance team." 

"Respondents to our 2010 BPM Pulse Survey (http://bit.ly/BPMPulse10) indicated that one of their top motivations for moving to a performance management system was improved management reporting," said John Colbert, vice president of research and analysis at BPM Partners. "Solutions like Host Analytics ERM address this need by providing not only external SEC reporting, but also automate the combination of finance and operational data into useful reports that help executives see the potential risks and rewards of decision options."

Host Analytics ERM
With Host Analytics ERM, executive, management and regulatory reporting becomes an efficient process that supports decision making for both finance and operational managers via a streamlined monthly reporting cycle. Benefits of ERM include:

  • Templates move reporting from a manual process to an automated, controlled and repeatable process
  • Finance managers get a complete picture of timelines, assigned owners and due dates by task, gaining more control over the reporting process
  • Host Analytics ERM provides all the SEC reports (numerical and textual data) including supporting tables and notes, which can then be used to feed the XBRL tagging solution to meet compliance standards
  • Integrates seamlessly with the Host Analytics CPM Suite including Host Analytics Consolidator, Host Analytics Budget and Host Analytics Scorecard

"The goal of our expanded offerings is to drive value, efficiencies and intelligence into all aspects of the financial process in order to help raise the overall visibility and effectiveness of finance executives and their teams," said Jon Kondo, CEO at Host Analytics. "By providing tools that save time, allow collaboration and integrate outside information, financial professionals can focus on bringing value-add analysis and improved decision making to the boardroom."

Pricing and Availability
Host Analytics ERM is delivered via the SaaS model and is available now. For pricing and more information please visit http://hostanalytics.com/Products/reporting-analysis-software.aspx

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:
    Tami Casey
    Kulesa Faul for Host Analytics
    (650) 340-1984
    Email Contact