Host Analytics Modeling Simplifies Planning and Reporting

cloud financial modeling software for planning and reporting

Following the successful launch and rapid customer adoption of Host Analytics Modeling Cloud, the IT industry analyst community continues to sing the praises of this new solution. 

Robert Kugel, SVP of Research at Ventana Research, recently published an article about the new product and its ability to help customers simplify their planning and reporting processes.

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Citing Ventana’s research about the domination of spreadsheets in corporate planning, Kugel noted, “Software vendors and IT departments have been trying – mainly in vain – to get users to switch from spreadsheets to a variety of dedicated applications.  To date, most dedicated applications have been far more difficult than spreadsheets for the average business user to use in the design and test phases.  To convince people to switch to its dedicated application, a vendor must offer an alternative that lets users model, create reports, collect data, and create dedicated data stores as easily as they can do it in a desktop spreadsheet.”

He goes on to highlight how Host Analytics Modeling Cloud attempts to address the spreadsheet problem. According to Kugel, the Modeling module enables individuals in business units to create and update plans and budgets, as well as their underlying models, in a way that’s consistent with what they’re used to doing. He then elaborates on how the Modeling Cloud also makes it easy to tie these together to achieve an integrated, company-wide view.

In one of his final comments Kugel said, “I recommend that Host Analytics customers assess using Modeling Cloud in their organization and that buyers of dedicated planning applications include this type of capability in their evaluation of vendors' offerings.”

Kugel’s article as well as other analyst support, is great validation of what Host Analytics set out to accomplish with the development and launch of the Modeling module.  We’re also seeing validation by our early adopter customers with use cases that span the following:

  • Compensation Modeling
  • Balance Sheet Modeling for M&A Analysis
  • Capital Planning
  • Brand Volume Forecasting
  • And many others

To learn more about Host Analytics Modeling Cloud, visit the product page, check out our demo videos, or take an interactive test drive.

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Posted by on August 26, 2015
Topics: EPM
Janette Kosior

Janette Kosior is Senior Director of Product Marketing with Host Analytics. Janette has more than 15 years of experience in the Enterprise Performance Management industry. Prior to joining Host Analytics, Janette was with Oracle where she led the Financial Close Product Management team. Prior to Oracle, Janette held various roles in product management and technical support with Hyperion Solutions. Janette has a BBA from the Isenberg School of Management at the University of Massachusetts.

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