REDWOOD CITY, CA--(Marketwire - September 29, 2010) - Host Analytics, the leading provider of on-demand corporate performance management (CPM) solutions, today announced a centralized resource center for finance and operations leaders aggregating critical external data and applications for improved business analysis -- the Host Analytics Decision Hub.
The hub combines dozens of industry data sources representing thousands of financial data points and indicators and automatically incorporates the needed data into the Host Analytics Performance Management Suite. The Host Analytics Decision Hub can be used standalone or to automatically bring external intelligence into the suite. This reduces the amount of time finance executives spend manually importing data ultimately allowing them to quickly and more accurately re-forecast profits with all the information needed -- both internal and external.
Commenting on the state of business, Michael Smith, research VP for Gartner said, "The financial crisis of 2008 changed the game for corporations -- they must now widen the focus of CPM to include a view of the external world with its risks and uncertainties. Providing anytime access to a cross-section of important and up-to-date external industry indicators to mitigate risks and exploit opportunities will be essential in the coming decade. This creates a need for companies to change the way they look at their CPM solutions."
"The variables that go into choosing the right path for a company are constantly changing," said Jon Kondo, CEO at Host Analytics. "The traditional approach to accessing the various data points is an exercise in tedium because the user has to comb through potentially hundreds of data sources using nothing other than the standard Web search engine. The Host Analytics Decision Hub is the first to merge relevant data into a single, intuitive source that anyone can access from a central hub. By connecting managers with the data sources and information that matters, the resource center will speed and smarten business decisions, and reduce the madness induced by volumes of available data that isn't easily assimilated into the decision process. Ultimately the Host Analytics Decision Hub will be the go-to data resource for all financial executives."
Key features of the Host Analytics Decision Hub include:
- Benchmarking Data
- Metrics, ratios and financial information from peer companies and same vertical organizations
- Library of KPIs
- More than 2,500 KPIs also known as business metrics, performance measures, business indicators
- Industry and function specific
- Financial Indicators
- Currency translation rates
- Weighted Average Cost of Capital (WACC)
- Interest rates
- Macro and microeconomic indicators and drivers
- Host Analytics Meta Data
- Spread rates
- Asset categories
- Account categories
- Seamless integration with industry-leading Host Analytics Corporate Performance Management Suite and the Decision Platform
Availability
The Host Analytics Decision Hub will be available in Q4 2010. Accessible via subscription to any user, the resource center will also seamlessly integrate with Host Analytics CPM solutions. For more information or to register for early beta access to the resource center, please contact Host Analytics at info@hostanalytics.com.
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