REDWOOD CITY, CA – NOVEMBER 13, 2008 – Host Analytics, a leader in on-demand financial and corporate performance management (CPM), today announced increasing demand for its SaaS CPM suite among global and midsized manufacturers. In all, more than two dozen manufacturing firms have deployed Host Analytics’ integrated financial reporting, consolidation, budgeting and forecasting solutions to improve sales and operational performance.
Intense demand for Host Analytics’ SaaS CPM solutions is being driven by several factors, including current economic conditions, spreadsheet disillusionment, the high cost and low value of traditional enterprise CPM software, and an increasing comfort-level among finance executives regarding the use of SaaS for core applications such as budgeting and forecasting.
Several high-profile manufacturers recently selected or have increased their use of Host Analytics. Representative large-enterprise clients include:
- Borg Warner, a multi-billion dollar global manufacturer of engines and transmissions
- Dawn Foods, one of the world’s largest independently owned bakery manufacturers and distributors
- Otis Spunkmeyer, whose ready-to-bake, frozen cookie dough is the #1 brand in foodservice
- Elkay Manufacturing, the worldwide leader in stainless steel sinks, drinking fountains and kitchen cabinets
Meanwhile, Host Analytics’ mid-market client list is highlighted by these manufacturers:
- Duke Manufacturing,whose food preparation and serving equipment is used in educational, healthcare, industrial, and restaurant applications
- Pantone, a wholly owned subsidiary of X-Rite, Incorporated, the global authority on color and a provider of professional color standards for the design industries
- Signet Armorlite, the originator of the plastic eyeglass lens in North America
“These economic times are unprecedented for our particular industry and our company’s history,” said John Hrudicka, Vice President, Controller, Operations Planning & Analysis of Elkay Manufacturing. “Our partnership with Host Analytics is enabling us to formalize our strategy management system to ensure diligent execution of our long-term strategy and short-term tactics that optimizes sales growth and profitability.”
“With Host Analytics, we now have consistent data that can be shared easily,” said Joel Feldman, Director of Budgeting and Planning, Otis Spunkmeyer. “And the flexibility to do top-down or bottom-up planning, at whatever level we think is appropriate, is a big deal for us.”
Host Analytics, a leading provider of SaaS CPM according to Gartner, has attracted the attention of manufacturers searching for a CPM suite that is easier to use and more cost-effective than conventional, licensed-software systems, and richer in functionality than competing SaaS products. Manufacturers are selecting Host Analytics for its unique ability to scale to handle thousands of customers and products simultaneously, and proven capability to manage sales as well as operational planning. Host Analytics also is the only SaaS vendor whose suite provides bill-of-sales and kit functionality, along with the ability to reconcile sales forecasts according to individual groups within an organization.
“Economic conditions are challenging every business to improve planning,” said Jon Kondo, CEO, Host Analytics. “This responsibility falls to executives as well as plant managers, who understand better than anyone the issues that complicate sales and operations. Host Analytics helps by providing key stakeholders with quick and easy access to summary as well as detailed financial information, so they can plan and measure performance more closely. That many of the largest manufacturers are using Host Analytics to achieve their financial objectives is validation of our leadership position in the SaaS CPM market.”
About Host Analytics
Host Analytics is the leading provider of on-demand corporate and financial performance management solutions. Host Analytic’s solutions help financial, line of business and departmental executives improve their budgeting, forecasting, financial consolidations, dashboarding, scorecarding, reporting and analysis. Host Analytics delivers its suite of corporate performance management solutions via the Software as a Service (SaaS) model. Host Analytics, a pioneer in providing comprehensive and easy to use CPM solutions, was founded in 2000 and expanded its SaaS offering in 2005 to include a complete suite of CPM solutions.
Host Analytics helps organizations streamline the performance management process, align the planning process with business strategy and effectively measure performance and manage change. As a SaaS delivered solution, Host Analytics customers realize fast time to value through quick implementation of solutions, the highest levels of user adoption, effective empowerment of business users and a continuous flow of Host Analytics provided solution innovations and improvements.
Host Analytics serves the enterprise, large and midsized company and public sector markets including industry leading companies like JP Morgan Chase, Procter & Gamble, Otis Spunkmeyer, Pitney Bowes, and Nortel Networks. Host Analytics was included in JMP Securities’ prestigious “Hot 100: The Best Privately Held Software Companies.” For additional information, visit http://www.hostanalytics.com/ or call (314) 588-2121.
650-855-4980 Ext 413