Host Analytics Delivers Industry-First Advanced Financial Close Capabilities in the Cloud

Host Analytics Delivers Industry-First Advanced Financial Close Capabilities in 
the Cloud 
Adds Simplified Cash Flow Reporting and Enhanced Consolidation
Functionality for a Faster Close 
REDWOOD CITY, CA -- (Marketwire) -- 03/26/13 --  Host Analytics, the
leader in cloud-based enterprise performance management (EPM), today
announced the addition of new financial consolidation and close
reporting enhancements, bringing improved visibility and efficiency
to the critical monthly close and reporting process. The upgrade
enhances the company's suite of financial applications for
enterprises that consolidate and report across multiple currencies,
ERPs, and subsidiaries that are wholly-owned or minority-owned. Over
the last three years, Host Analytics cloud-based consolidation and
reporting applications have evolved and matured to the point that
large, publicly
-traded companies like Groupon, Jazz Pharmaceuticals,
Zep Industries, and more rely on them to manage complex financial
close processes. 
Host Analytics is the only company that provides a complete,
integrated, cloud-based suite of EPM applications including planning,
consolidation, reporting, and analytics. The company's applications
help mid-sized and large, globally distributed organizations
streamline and accelerate what are often fragmented and complex close
and reporting processes. Other advantages include easy management by
Accounting and Finance professionals, reducing dependence on IT and
consultants; no hardware or software to procure and maintain; and the
ability to instantly use new features without waiting for on-premises
upgrades.  
New and enhanced features planned for Q2 release include:  


 
--  Point-and-Click Cash Flow Reporting
     Users can now quickly generate
    advanced cash flow reports via a web-based point-and-click interface,
    eliminating the need to write complicated scripts required by many
    legacy on-premises alternatives.
    
    
--  Enhanced Support for FAS 52
     Added to address the most demanding
    international close and disclose processes, new reporting enhancements
    allow re-measurement into the functional currency as well as support
    for reporting any entity in any currency, regardless of the local or
    common currency.
    
    
--  Close Control Panel for Granular Control of the Close Process
    
    Building on current Host Analytics close management functionality like
    Automatic Data Validations and Close Status Reporting, the new Close
    Control Panel gives the close administrator a snapshot of open
    activities across different divisions and geographies. Administrators
    can quickly monitor and manage activity from around the world and also
    drill-down to see if an activity or individual is holding up the
    process.

  
"The speed with which Host Analytics translates and consolidates our
25+ global entities is a nice benefit to us," said Rick Dubiel, Sr.
Accounting Manager at Gerber Scientific, Inc. "Capabilities like
journal entry workflow and copying, editing, and re-posting entries
provide good internal control and time savings. We look forward to
taking advantage of the new features." 
"Big companies have complex needs when consolidating global
financials across multiple geographies and currencies. Our rich
functionality, strong focus on consolidation, and our new close and
reporting features expedite the process, as well as relieve finance
teams of late-night and weekend work to meet deadlines," said Dave
Kellogg, CEO at Host Analytics. "No other vendor can deliver a
painless, fast, and accurate global close and reporting process with
the agility, lower costs, and rapid deployment advantages of the
cloud."   
Follow @host_analytics on Twitter and Suggested Tweet:  
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About Host Analytics
 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.  
For more 
information about Host Analytics, please visit
www.hostanalytics.com 
 Become a fan of Host Analytics on Facebook:
https://www.facebook.com/HostAnalyticsInc
 Follow Host Analytics on
LinkedIn http://www.linkedin.com/company/host-analytics-inc.
 Follow
@host_analytics on Twitter 
For more information, contact: 
Tony Keller
SS|PR
312-750-0858
tkeller@sspr.com