Host Analytics has released the newest version of its cloud enterprise performance management system, featuring updates that are purported to provide better financial analysis and improved integration with NetSuite’s technology.
Host Analytics' software provides financial planning, budgeting, modeling, consolidations and reporting functionality. The announcement was made at Host Analytics World 2017 conference being held May 16-19 in Nashville, Tenn.
Separately, Host Analytics has also initiated partnerships with enterprise software provider Workiva and Prevedere, which makes financial forecasting technology.
New features in the updated Host Analytics platform include breakback allocations, which is designed to enable users to make top-down adjustments to forecasts and models, automatically allocating changes across multiple dimensions.
Also new is the ability to organize items in the consolidation module by period. Dated hierarchies and other features allow users to maintain old and new consolidation hierarchy structures and generate reports comparing financial results based on different structures over time. This offering is targeted at organizations who are actively acquiring or disposing of companies, or have frequent reorganizations, as it can allow them to analyze the impact of these changes on their financial results.
Host Analytics reports it has also improved its Excel reporting capabilities in its Modeling module.
“The Spring 2017 release of Host Analytics moves forward our strategy of providing the most complete and scalable cloud-based EPM platform,” said Dave Kellogg, CEO of Host Analytics, in a statement. “The new features will be attractive to existing and new customers in helping them address more complex planning, consolidation, and reporting requirements. And the enhanced integration with NetSuite ERP will make us an appealing and cost-effective solution for NetSuite customers who are relying on spreadsheets or low-end cloud solutions that no longer meet their needs.”
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