Host Analytics Announces Summer 2014 Release Delivering Numerous Cloud Firsts in Automation, Reporting and Analytics, and Strategic Planning

REDWOOD CITY, CA--(Marketwired - Aug 27, 2014) - Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced its Summer 2014 Release packed with new features and enhancements. The new release includes numerous Cloud EPM industry firsts, providing greater automation of EPM processes through integration with Box, enhanced reporting, and support for long-range strategic planning processes.

Host Analytics Summer 2014 release provides deep integration with Box. Box and Host Analytics will enable organizations to streamline data processing by providing users the ability to automatically move and load financial information from flat files with the security advantages of Box and without the need for third-party integration platforms.

"Host Analytics Summer 2014 breaks new ground in automating financial processes, delivering deeper planning and analytics capabilities, and giving executives the tools and dashboards they need to make better, smarter, and faster decisions," said Dave Kellogg, CEO of Host Analytics. "We're committed to a rapid and continuous pace of innovation for our customers, with a cloud-based delivery model to ensure that they're always taking advantage of new functionality without the upgrade headaches of legacy on-premises EPM software."

Automation
Leveraging the new integration with Box, the new Cloud Scheduler allows customers to benefit from "lights-out" processing when integrating financial data. Users can quickly and easily schedule a data upload from Box to move flat file data into the Host Analytics Cloud Platform. They simply upload, email or sync files to the Box cloud environment, and Host Analytics automatically uses pre-configured rules to integrate the data.

Cloud Scheduler is a breakthrough in process automation for financial organizations. Future releases will further automate processes, such as consolidation, publishing of Board books and financial reports, and other maintenance, integration, and distribution tasks.

The Summer 2014 release also introduces a new capability that is a first for Cloud EPM. Report Collections offer finance and accounting a way to automate the generation and distribution of reports. For example, in larger organizations with many P&L managers, finance typically has to manually assemble monthly reports customized for each manager. With Report Collections, one P&L report is run, split by manager, with each manager's P&L report automatically delivered via email. This reduces what could be weeks of work for Finance to a matter of minutes so they can focus on providing the insights that their business partners value.