REDWOOD CITY, CA--(Marketwired - May 1, 2013) - Host Analytics, the leader in cloud-based enterprise performance management (EPM), today announced that lynda.com, an online learning company, has selected Host Analytics to modernize its financial processes as the company continues its rapid growth. With Host Analytics, the educational technology company is upgrading from its current planning, budgeting, consolidation, and reporting processes to a centralized, cloud-based EPM platform.
lynda.com provides software, technology, creative, and business skills instruction to more than two million people through individual, corporate, academic, and government subscriptions. The online library has more than 90,000 videos contained in 1,700 courses.
Having experienced year-over-year growth since its inception in the mid-1990s, lynda.com recognized that it was outgrowing its approach to planning and financial consolidations. The company wanted to improve the speed of its financial processes, enable greater accountability for results across the organization, and gain deeper insight into the performance of the business. Before Host Analytics, producing consolidated financials was a time-consuming and manual process, even on an annual basis.
In the evaluation, lynda.com also saw an opportunity to improve the reporting process with Host Analytics. Instead of spending time and resources converting financial data in spreadsheets into auditable formats, the company turned to Host Analytics for a centralized system for all financial reporting.
"Our growth has been fueled by a global demand in online education from enterprises and individuals seeking a digital library of high-quality skills courses," said Elaine Kitagawa, CFO at lynda.com. "With increasing investment and goals for continued growth, we needed a flexible, modern solution to manage our strategic financial processes. Host Analytics will make it possible to streamline our processes while reducing costs and to provide timely financial reporting."
"We love partnering closely with customers like lynda.com as they reinvent traditional industries," said Alison Holmlund, vice president of Customers for Life at Host Analytics. "We go beyond traditional 'technical' support, working with them in a consultative way, sharing best practices and financial expertise to help them get the most out of their investment. And our cloud-based delivery model means that customers automatically receive regular enhancements as well as fixes to issues before they even encounter a problem."
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About Host Analytics, Inc.
Host Analytics is the leader in cloud-based financial applications for planning, consolidation, reporting, and analytics. Host Analytics enterprise performance management (EPM) customers benefit from improved business agility, improved security, and lower overall cost compared to legacy on-premises alternatives. World-class companies like NEC, Burlington Coat Factory, and Crocs trust Host Analytics to power their strategic financial processes. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with offices around the globe.
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Contact Information:
For more information, contact:
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