Host Analytics Summer17 Takes Cloud EPM to New Heights, Helps Finance Teams Maximize Corporate Performance

September 05 12:00 2017 Print This Article

REDWOOD CITY, Calif., Sept. 06, 2017 (GLOBE NEWSWIRE) — Host Analytics, the leading provider of scalable, cloud-based enterprise performance management (EPM) solutions, today unveiled Summer17, the latest release of its award-winning technology for financial planning, modeling, consolidation, and reporting. This new release is now fully supported to run on browsers such as Chrome, Safari, Firefox, and Edge. It also includes dramatic improvements across the board such as powerful breakback functionality for added flexibility and accuracy; enhanced NetSuite integration to speed up analysis of financial results; a more intuitive and visually engaging user experience; and accelerated performance.

“The best, most scalable, cloud-based EPM system in the world just got better,” said Dave Kellogg, Chief Executive Officer of Host Analytics. “Our engineering team is firing on all cylinders and that means features and functions are being delivered faster than ever.”

Below are highlights of the powerful new features in Host Analytics Summer17:

Industry’s Most Powerful Breakback Gets Better
Summer17 includes an enhanced version of breakback, a powerful feature that enables customers to effectively reverse inputs and outputs within a model, allowing users the ability to take a given output variable, override it, and then break the values of its inputs in a consistent way. Summer17 enhances this feature by introducing multi-dimensional holds, which can exclude dimensions from the breakback process. It also includes an audit trail that enables users to track the lineage of numbers within the models. Together, these features give finance professionals the ability to quickly backsolve calculations that no other cloud-based EPM system can handle.

Transaction-Level NetSuite Integration
The Summer17 release enhances the integration with NetSuite by introducing native, transaction-level data analysis, drill-through capabilities, in addition to account balances. This streamlines setup and maintenance between applications and allows users to drill into transactional detail when performing “what-if” analysis.

“By delivering this strong integration at a time when NetSuite customers are wondering what EPM choice they should make going forward, Host Analytics gives them integration from an EPM vendor they won’t outgrow,” Kellogg said.

Improved User Experience
Additional UX and UI software improvements include global search, bookmarks, segregation of duties, multi-dimensional report bursting, and enhanced report sets.  Together, these features make it easier to use Host Analytics — for both finance professionals and business end-users — by reducing clicks, and streamlining navigation and workflows for both simple and complex EPM operations.

Accelerated Performance
Summer17 includes numerous features that accelerate planning, such as simulation engine optimization, which accelerates the processing of “what-if” analyses; mass planning template updates; and scenario management. This combined with previous concurrency improvements that enable deployments to over 6,000 users — some of the largest cloud-based EPM implementations — demonstrate the company’s ability to scale with customers as they grow.

“The more than 50 enhancements added to the Summer17 release shows our continued product innovation and commitment to improving the user experience,” said Ron Baden, SVP of Products at Host Analytics. “Together, these latest updates will be attractive to both finance professionals and business end-users, by reducing clicks and streamlining workflows for both simple and complex EPM operations.”

About Host Analytics
Host Analytics is the industry’s leading provider of scalable, cloud-based enterprise performance management (EPM) solutions. Companies of all sizes, from $10 million startups to $10 billion multi-nationals, rely on Host Analytics to provide financial planning, budgeting, modeling, consolidations, and reporting. Host Analytics has 700 customers in 90 countries including Bose, Boston Red Sox, FitBit, La-Z-Boy, Mayo Clinic, NPR, OpenTable, Peet’s Coffee & Tea, Pinterest, Swissport, TOMS Shoes, and Vitamin Shoppe. Host Analytics is a private company backed by leading venture capitalists and is headquartered in Silicon Valley.

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Stefanie Maragna
Host Analytics
(650) 430-3667
[email protected]

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Jessica Yaniv
Jessica Yaniv

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