REDWOOD CITY, CA--(Marketwire - Nov 5, 2012) - Host Analytics, the leader in cloud corporate performance management (CPM), today announced that its customer, Schumacher Group, the third largest emergency medical staffing and management company in the U.S., has been named a winner of the prestigious Ventana Research 2012 Leadership Award in the CIO and IT Leadership category. This is the second time a Host Analytics customer has won the award, which recognizes leaders that advance the use of technology to contribute to their organization's success.
In the past, Schumacher depended on a manual budgeting process, even as the company continued to grow at 15 percent or more annually. Led by CIO Douglas Menefee, the company adopted Host Analytics' cloud CPM solution for a more collaborative, efficient and faster budgeting process. Using Host Analytics, Schumacher shortened a previously five months long budgeting process to three months, and gained greater insight into financial and corporate performance information, with benefits that extended beyond the finance team to the rest of the organization.
Schumacher Group was selected by Ventana Research from a pool of applicants as a winner in the category of CIO and IT Leadership, marking the second time a Host Analytics customer has won the award. In 2010, Thule, Inc., another Host Analytics customer, won in the Financial Analytics and Performance category. For a complete list of winners, visit: http://www.ventanaresearch.com/awards.
Host Analytics is one of Silicon Valley's fastest growing cloud companies. The company delivers the first and only complete suite of cloud CPM and business analytics applications to help finance executives drive faster and smarter decisions throughout their organizations. Host Analytics has a complete cloud CPM suite covering planning, budgeting, scorecarding, financial consolidation and reporting.
To learn more about how Schumacher Group uses Host Analytics, visit: http://ow.ly/eDBdX.
"I'm honored to accept the Ventana Research Award for our work at Schumacher Group. The application of modern cloud technology streamlined our budgeting process, saving valuable time and resources for the company. With Host Analytics, we moved beyond Excel spreadsheets to the cloud to increase productivity throughout the organization."
-- Douglas Menefee, CIO of Schumacher Group
"Planning and budgeting are collaborative processes that benefit from using the right software. Our research shows that dedicated applications speed up planning and promote deeper insight into the underlying causes of variances. Companies that use dedicated software have more accurate plans, are better able to coordinate responses to changes in their business and are more satisfied with the results they get when they use this software for a range of planning activities. Schumacher's experience clearly demonstrates the value of improving the planning process to its business."
-- Robert Kugel, SVP and Research Director at Ventana Research
"We congratulate Douglas Menefee and Schumacher Group for the award, recognizing the company's notable IT leadership and success using cloud technology to advance efficiency, collaboration and greater visibility into financial and corporate performance across the organization. Douglas was one of the early CIO's to evangelize the benefits of SaaS and cloud computing in the enterprise, and has proved the business case through his work at Schumacher Group."
-- Keri Brooke, VP of Marketing at Host Analytics
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About Host Analytics
Host Analytics is the #1 cloud corporate performance management company, providing the only complete suite for finance. Host Analytics helps organizations make better operational and financial decisions by streamlining and automating their consolidations, planning and reporting processes.
Host Analytics has gone from pioneer to leader with their deep product functionality, world-class team and broad partner ecosystem. Thanks to the cloud, customers enjoy low costs, low risk and fast results that give them an edge and helps Finance gain greater influence in setting business strategy and operational priorities. Host Analytics is:
- 1st cloud corporate performance management solution;
- 1st to deliver external data integration;
- 1st to deliver a business analytics application built for finance in the cloud.
Host Analytics serves midsize to large customer organizations, including AT&T, Groupon, Crocs, Thule, Otis Spunkmeyer and Schumacher. The company has received on-going industry recognition and was most recently recognized by AlwaysOn for the OnDemand 100 and Global 250 Top Private Companies Awards and by Network Products Guide for its Hot Company Award.
For additional information, visit http://www.hostanalytics.com or join the conversation at www.twitter.com/host_analytics.