on-demand corporate performance management applications,today announced Host Analytics Version 8.0, the latest release of itson-demand corporateperformance management suite. Host Analytics 8.0 features enhancedmodeling, scorecarding, budgeting and planning, with upgrades designed toprovide finance executives and department managers with improved visibilityinto business operations, greater short- and long-term financial-planningflexibility, and tighter integration between a company's strategic plan andits operational budgets and forecasts.Host Analytics 8.0 includes more than 50 new customer and partner-requestedfeatures. The improvements solve two key challenges in the planning,budgeting and forecasting processes:
-- Host Analytics 8.0 enables finance professionals and line-of-business managers to develop actionable "what if" budgeting and planning scenarios. Leveraging an enhanced simulation engine and improved scorecard graphics, company executives can "war game" alternate potential scenarios similar to the way the armed forces war-games potential alternatives on the battle field.-- Host Analytics 8.0 links a company's long-term plan to the tactical execution of that plan, in the form of budgets and re-forecasts. Many companies struggle with the transition from the strategic plan to the annual budget or re-forecast. Host Analytics 8.0 addresses this by providing support for discretionary initiatives, long-term capital projects, and multi-year/periodic budgeting.
"The demand for software that helps corporations enable performancemanagement is growing significantly and is a top priority for finance andoperations management," said Mark Smith, CEO & EVP Research at VentanaResearch. "Host Analytics in its on-demand or software as aservice approach is meeting these needs. Their version 8 release bringstogether capabilities for supporting the strategic and operational needs ofmodeling, planning and score-carding in an integrated and easy to useapproach."
"Host Analytics 8.0 enhances our ability to communicate planning data,supports our balanced scorecard initiative, and instills accountabilitythroughout the organization," said Ben Page, Manager of Planning, Reportingand Consolidations for Elkay Manufacturing. "This new functionality willultimately remove hours, if not days, of processing time out of our currentforecast and budget process. Host Analytics 8.0 will allow us to be moreresponsive to our internal and external environment, ultimately leading toimproved performance and profitability."
"We think the discretionary initiatives capability of Host Analytics 8.0 isgoing to help us better align budgeting with our corporate strategy," saidJoel Feldman, Director of Budgeting and Planning for Otis Spunkmeyer."We're also excited about some of the usability enhancements that areavailable in this release. This is a significant step forward for HostAnalytics."
"Two trends are behind the growing critical need for corporate performancemanagement software," said Ric Ratkowski, Vice President of ProductManagement for Host Analytics. "First is the economy. Challengingconditions are forcing businesses to budget and plan for potentiallyseismic changes to their businesses. The second is Software as a Service.Businesses finally can afford enterprise-class solutions without investingand risking significant financial, IT and human resources. Host Analytics8.0 is at the intersection of these trends, making it easier and morecost-effective to thoroughly understand business opportunities andchallenges, and utilize this knowledge to achieve corporate objectives."
Host Analytics on-demand solutions help companies streamline theirfinancial reporting, consolidation, budgeting and forecasting processes.Host Analytics solutions enable businesses to align the planning processwith their business strategies, and measure performance to manage change.Host Analytics demonstrates its commitment to customer success by providingsolutions that make corporate performance management more flexible,cost-effective and easy to perform.
About Host Analytics
Host Analytics is the leading provider of on-demand corporate performancemanagement. Host Analytics' solutions help financial and departmentalexecutives improve their budgeting, forecasting,financialconsolidations, dashboarding, scorecarding, reportingand analysis. Founded in 2000, Host Analytics delivers its suite ofcorporate performance management solutions via the Software as a Servicemodel. Host Analytics serves the enterprise, large and midsized company andpublic sector markets including industry leading companies like JP MorganChase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and NortelNetworks. Host Analytics was included in JMP Securities' prestigious "Hot100: The Best Privately Held Software Companies." For additionalinformation, visit http://www.hostanalytics.com/ or call (314) 588-2121.
© 2008 Host Analytics Incorporated. All rights reserved. All trademarksare the property of their respective owners.
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Gary Damiano
Host Analytics
314-588-2121 Ext 413
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