SOURCE: Host Analytics Incorporated

September 15, 2008 06:00 ET

Host Analytics Expands Product Offering to Address a Wider Range of Organizations Needing SaaS Corporate Performance Management Solutions

Expanded On-Demand CPM Product Suite and Feature-Set Unveiled Today at Host Analytics' Vision'08 Customer Conference in Orlando, Florida

ST. LOUIS, MO--(Marketwire - September 15, 2008) - Host Analytics, a leader in on-demand financial and corporate performance management (CPM), today announced an expanded product line that will make its market-leading SaaS CPM solutions accessible to more companies, including those with diverse needs ranging from basic budgeting and dashboards to comprehensive and unified CPM. The new offerings are part of Host Analytics version 8.1, launched today at Vision'08, Host Analytics annual user conference in Orlando, Florida, and include more comprehensive revenue forecasting, balanced scorecard and reporting capabilities.

For businesses and enterprises that have outgrown spreadsheets as a tool for improving corporate performance, Host Analytics will now offer Team Edition, which deploys quickly and is very effective for budgeting and planning in companies with less than $100M in average annual revenue (AAR). Businesses seeking an alternative to high-priced, difficult-to-install licensed CPM software will select Host Analytics Standard Edition, a comprehensive package of budgeting, planning, dashboarding and scorecarding solutions featuring OLAP. Larger enterprises replacing, or slowly migrating to, a legacy CPM solution, can deploy Host Analytics Enterprise Edition, the most complete and unified on-demand CPM suite available. All Host Analytics offerings are priced on a per user per month basis and delivered via the SaaS model.

"Companies of all sizes are facing unprecedented business pressures that are making it more important than ever to have real-time visibility into their corporate performance," according to Jeffrey M. Kaplan, Managing Director of THINKstrategies, Inc. and the founder of the SaaS Showplace. "Today's increasingly dispersed and mobile workforce requires that companies deploy web-based, on-demand corporate performance management (CPM) capabilities like Host Analytics' solutions so business executives and end-users can access and analyze real-time data from anywhere at anytime to achieve their corporate objectives."

"With Host Analytics, we now have consistent data that can be shared easily," said Joel Feldman, director of budgeting and planning, Otis Spunkmeyer. "And the flexibility to do top-down or bottom-up planning, at whatever level we think is appropriate, is a big deal for us."

Host Analytics v8.1 includes enhancements in sales forecasting, balanced scorecarding and reporting functionality. Improvements in sales forecasting will help customers better synchronize planning with production, a key requirement given today's dynamic business climate. Customers also benefit from a more flexible dimensional model and workflow configuration featuring a top-down business-rules engine. New reporting capabilities include 'out-of-the-box' presentation-quality reports, enhanced support for balanced scorecard methodology, alternative hierarchies and custom roll-ups at any level of the organization, as well as 'fast-start' reporting for income, cash flow and balance sheet statements.

The expanded Host Analytics product suite can be summarized as follows:

Team Edition

--  Designed for fast implementation and effectiveness
--  Includes budgeting, planning, reporting and dashboards
    

Standard Edition

--  Designed to provide a comprehensive suite of budgeting and planning
    solutions
--  Includes budgeting, planning, dashboarding, scorecarding and OLAP
    reporting
    

Enterprise Edition

--  Designed to provide a complete and unified Corporate Performance
    Management solution
--  Includes budgeting, planning, dashboards, OLAP reporting, scorecards,
    revenue forecasting and consolidation
    

More information about Host Analytics Team Edition, Standard Edition and Enterprise Edition can be found at www.hostanalytics.com.

"First-class CPM systems should not be limited to the largest companies -- every business can benefit from more agile budgeting and forecasting," said Jon Kondo, CEO, Host Analytics. "By expanding our offerings we have the ability to put market-leading CPM tools in the hands of more finance execs and line-of-business managers than any other vendor -- SaaS or otherwise. Combined with the latest product enhancements we feel businesses of all sizes will have the systems they need to compete successfully in this challenging business environment."

About Host Analytics

Host Analytics is the leading provider of on-demand corporate and financial performance management solutions. Host Analytic's solutions help financial, line of business and departmental executives improve their budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis. Host Analytics delivers its suite of corporate performance management solutions via the Software as a Service (SaaS) model. Host Analytics, a pioneer in providing comprehensive and easy to use CPM solutions, was founded in 2000 and expanded its SaaS offering in 2005 to include a complete suite of CPM solutions.

Host Analytics helps organizations streamline the performance management process, align the planning process with business strategy and effectively measure performance and manage change. As a SaaS delivered solution, Host Analytics customers realize fast time to value through quick implementation of solutions, the highest levels of user adoption, effective empowerment of business users and a continuous flow of Host Analytics provided solution innovations and improvements.

Host Analytics serves the enterprise, large and midsized company and public sector markets including industry leading companies like JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and Nortel Networks. Host Analytics was included in JMP Securities' prestigious "Hot 100: The Best Privately Held Software Companies." For additional information, visit http://www.hostanalytics.com/ or call (314) 588-2121.

© 2008 Host Analytics Incorporated. All rights reserved. All trademarks are the property of their respective owners.

Contact Information

  • Company Contact:
    Gary Damiano
    Host Analytics
    314-588-2121 Ext 413
    Email Contact