REDWOOD CITY, CA — (Marketwired) — 10/02/15 — , the leader in cloud-based (EPM), today announced that it received the highest product rating among pure cloud-based planning vendors and was named a –Hot Vendor– in Ventana Research–s latest report “Value Index: Business Planning in 2015.”
The company was recognized for , which helps customers dramatically reduce planning cycle times, increase forecast accuracy, plan more dynamically, and eliminate error-prone manual processes like reconciling disparate spreadsheets. By leveraging all the benefits of a cloud-based solution, customers are able to achieve faster time-to-value and reduce dependency on IT with Finance ownership and autonomy.
The Ventana Research Value Index is an analytic representation of the firm–s assessment of how well vendors– offerings meet buyers– requirements for software that enables and supports business planning. The Index evaluated software from 11 vendors in seven key categories. Five are product-related: Usability, Manageability, Reliability, Capability and Adaptability. In addition, the firm considered two customer assurance categories: Vendor Validation and Total Cost of Ownership and Return on Investment (TCO/ROI).
“The use of spreadsheets hampers the effectiveness and efficiency of planning processes because they lack the capabilities of today–s planning applications. Yet, they are attractive as a personal productivity tool as users find it easy to create planning models and design reports,” said Robert Kugel, SVP research director for Ventana Research. “Host Analytics Planning not only eliminates the drudgery of manual budget data collection and consolidates numbers into a single source of truth, but it also provides a spreadsheet front-end for planning that–s easy-to-use and accessible for business to participate.”
“We continue to lead the charge in cloud-based planning applications, most recently adding advanced modeling capabilities,” said Bryan Katis, SVP of product management for Host Analytics. “EPM was always meant to be an enterprise-wide initiative, and robust planning with integrated modeling finally makes it possible for organizations to integrate business and financial planning, and connect disparate operational plans back to the master financial plan.”
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Host Analytics is the leader in cloud-based enterprise performance management (EPM), offering a suite of financial applications for modeling, planning, consolidation, reporting and analytics. World-class companies like NEC, Burlington Coat Factory and Sanmina trust Host Analytics to power their strategic financial systems. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with customers in over 90 countries.
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