November 28, 2017

CPA Practice Advisor

Host Analytics Adds New Modeling and Dashboard Capabilities

Host Analytics has unveiled Fall17, the latest release of its solution for financial planning, modeling, consolidation, and reporting. Host Analytics is a provider of scalable, cloud-based enterprise performance management (EPM) solutions.

Fall17 features the powerful new Model Manager; Host Dashboards module; enhancements to reporting, planning, and consolidation functionalities; and updates to Online Help. With an eye on innovation, Fall17 continues to link financial and operational planning for improved organizational and strategic alignment.

The solution aligns financial plans with operational plans in areas of sales, marketing, and supply chain, for accurate, big-picture financial planning and analysis across the organization to drive peak performance. New modeling capabilities streamline future scenario analysis, while Host Dashboards supports delivery of real-time insights to the organization for better, faster decision making.

“The need for businesses to understand strategic planning and modeling of future scenarios has never been more crucial,” said Ron Baden, chief product officer at Host Analytics. “This is driving a shift in EPM to provide new functionality to empower finance departments in becoming forward-looking business partners that capture and analyze data to assess opportunities and drive new value.”

Model Manager Supports Strategic Planning with Ease for the Road Ahead
Fall17 introduces Model Manager, a powerful new tool that radically simplifies the development of financial and operational models. With business factors constantly changing, the operational side of the business is more dependent than ever on finance to produce real-time information on business drivers and the potential outcomes of different strategies.

Model Manager offers breakthrough ease of use that eliminates the need for IT involvement and custom scripting language. This dramatically reduces time and effort and enables line of business leaders to leverage modeling for a wide range of use cases, including sales bookings waterfall, marketing demand generation, professional services utilization, call center agent productivity, inventory depletion, and long-term plans. Through increased modeling adoption, organizations can unify and integrate operational models across the organization.

"Model Manager will drive even higher adoption of Host Modeling in finance and across the business,” said Ian Vishnevsky, senior manager of FP&A at Machinima, Inc., a next-generation video entertainment and gaming network developer. “That's huge because it will help increase the speed and accuracy of our business models and allow them to be integrated into our financial plan.”

Visualize Data with Self-Service Dashboards
The Host Dashboards self-service interface is flexible, configurable, and easy to use, so any user can build and share dashboards. It allows monitoring of key performance indicators and top-level metrics to gain insights into how the company is executing against its plans. Line of business leaders are now able to further investigate anomalies via built-in data drill-down capabilities, reducing the burden on finance to produce ad hoc reports while maximizing user adoption.

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