MCAP Selects Host Analytics to Address Financial Consolidation

REDWOOD CITY, CA--(Marketwire - Mar 13, 2012) - Host Analytics, the leading provider of cloud-based corporate performance management (CPM) solutions, today announced that MCAP Service Corporation, one of Canada's largest independent mortgage financing companies, has selected Host Analytics' CPM suite to address its financial consolidation needs. The Host Analytics technology is MCAP's first cloud-based solution.

"MCAP's selection of Host Analytics is noteworthy," said Jon Kondo, president and CEO for Host Analytics. "It is a perfect example of benefits that can be achieved with a cloud-based solution and is indicative of a larger industry move away from on-premise solutions. We look forward to helping MCAP increase efficiency during their financial consolidation process and achieve even greater success."

MCAP originates, underwrites, securitizes, trades and services mortgage assets with employees in offices across Canada. With a stable of more than 50 institutional investors and over 120,000 borrowers, the company creates innovative financial products, which match the business needs of both borrowers and investors.

"Making the leap and implementing our first cloud-based solution wasn't an easy one," said Greg Kowalenko, associated director of planning and analysis for MCAP. "However, our interest was initially piqued by Host Analytics' technology because of its combination of the technology infrastructure and depth of functionality. Once we got our hands on the solution and learned more about their CPM solution's ease-of-use, speed of implementation and ability to do forecast on the fly, we were sold."

MCAP's need to continually upgrade functionality with the previous solution, which came at an added cost, was a key factor leading to the change. The decision to use Host Analytics was made by finance and IT partly due to Host Analytics' cloud-based delivery model, which made it the first of its type for the company. MCAP will be able to implement and start using the Host Analytics CPM solutions in approximately three months.

"The impetus for moving from an on-premise solution to Host Analytics was the functionality," continued Kowalenko. "Because of the amount of internal customers we serve, financial consolidation and financial reporting were our main concerns. Creating models for them is key because everything from expenses to rent and corporate IT costs need to be consolidated. With our previous on-premise solution, that consolidation could take upward of 20 minutes, which seemed like an eternity."

Host Analytics' suite of cloud-based CPM solutions helps finance executives drive fact-based decision making throughout their organizations and puts rigor into financial processes, such as planning and budgeting, scorecarding, financial consolidation and reporting.

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About MCAP
MCAP is one of Canada's largest independent mortgage financing companies, with more than $25 billion in assets under administration.

MCAP originates, underwrites, securitizes, trades and services mortgage assets with employees in offices across Canada. With a stable of more than 50 institutional investors and over 120,000 borrowers, MCAP has the flexibility and expertise to create innovative financial products, which match the business needs of both borrowers and investors.

About Host Analytics
The Host Analytics Decision Platform™ reveals the full implications of decisions -- both risk and reward. As the industry's first cloud-based 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 AT&T, National Public Radio, Nextag, Crocs, Thule, Otis Spunkmeyer, Schumacher and Red Roof Inn. Founded in 2000, Host Analytics has received industry recognition including JMP Securities' Hot 100: The Best Privately Held Software Companies, AlwaysOn OnDemand 100, AlwaysOn Global 250, the Ventana Research Leadership Award, the Editors' Choice Award From TechWeb's Intelligent Enterprise and the Red Herring Top 100 North America Tech Startup Award.

For additional information, visit http://www.hostanalytics.com/ or join the conversation at www.twitter.com/host_analytics.