RESEARCH & RESOURCES

Host Analytics Introduces Cloud Business Analytics for Finance

Brings BI to finance, enabling faster and smarter business decisions.

Note: TDWI’s editors carefully choose vendor-issued press releases about new or upgraded products and services. We have edited and/or condensed this release to highlight key features but make no claims as to the accuracy of the vendor's statements.

Host Analytics, a cloud-based corporate performance management (CPM) solutions provider, has released Host Analytics Business Analytics, a new business intelligence (BI) toolkit for finance, helping finance departments understand their business drivers. Host Analytics delivers a holistic approach to managing financial performance, which helps businesses make faster and smarter decisions based on the facts that directly impact the bottom line.

Finance professionals make critical business decisions that must rely on integrating and rapidly analyzing growing volumes of data siloed in sales, marketing, operations, and other applications. Furthermore, they realize how data outside their company can be used to their advantage. With financial implications at the core of these decisions, finance executives in mid- to large-sized enterprises are particularly challenged by the relentless growth of internally generated and externally available data.

Traditional CPM suites lack operational data and are not designed for business users beyond finance and accounting, Host Analytics Business Analytics provides a standardized reporting and dashboard interface for finance and business managers on operational and financial data. Different than traditional on-premise BI, which can be complex to use and expensive to deploy, Host Analytics Business Analytics is cloud-based, which makes it easy to use and fast-to-deploy.

The new application is optimized to work in conjunction with CPM with self-service reporting built for finance. For customers that already have a BI tool in place, Host Analytics offers an open architecture strategy that enables customers to choose the best BI tool for their needs by using open database connectivity (ODBC) drivers that can access all CPM and non-CPM data. What’s more, Host Analytics customers will be able to enjoy viewing reports and dashboards “on the go” from their mobile devices such as the iPad.

More information is available at www.hostanalytics.com/.

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