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Why is Finance Now Moving to Cloud-Based EPM?
Enterprise software solutions for budgeting, planning, and forecasting (BPF) provide chief financial officers with higher quality results and with much greater efficiency than the traditional method: spreadsheet solutions shared via email. A survey of senior finance executives shows that most—54 percent—still use spreadsheets for their BPF. But the survey also shows that more companies will…
5 Reasons Why You Hate Budgeting
Budgeting, budgeting, budgeting...the concept of budgeting for business has been around for over a century.
Why You Need to Future-Proof Your Data and Analytics
Are you future-proofing your company’s data and analytics capabilities? If not, you may soon be at a competitive disadvantage. Because data and analytics are playing an ever-more critical role in business and finance -- a trend that is poised to accelerate rapidly over the next few years.
Getting Finance into Peak Shape for 2018
As organizations wind down 2017 reflection and begin to ramp for 2018, now is as good of a time as ever for data-driven teams to focus on achieving peak performance in the coming year. Finance specifically can take a step back and examine their tasks and processes to understand where efficiencies can be optimized and…
Customer Stories
LT Apparel Finds the Right Fit with Host Analytics
LT Apparel brings fashionable styles to kids with brands such as Adidas, Carhartt, and Healthtex. Founded in 1958, the company works with over 2,300 retail outlets including Walmart, Target and Macy’s, and nets more than $300 million in annual revenue. Imagine tracking all that in a networked spreadsheet workbook and you’ll have an appreciation for…
EMSI Improves Workflow, Recaptures Revenue with Host Analytics Cloud Budgeting
Like any professional services firm, Emission Monitoring Service Inc. (EMSI) has to manage a pipeline of work and allocate hours and resources appropriately. Trouble starts when clients demand more than budgets will allow. One project in 2015 had run so far past projections that EMSI was facing a material write-off of hours billed, and a…
Medrobotics Manages Global Growth with Host Analytics EPM
Medrobotics, a pioneer in robotics technology for minimally invasive throat and colorectal surgeries, experienced rapid growth after years of success in Europe and FDA approval for U.S. sales in 2015.
Golden State Foods Manages Global Growth & Financial Consolidation
When Brad Tingey joined Golden State Foods (GSF) in 2013, the company had just completed three acquisitions, including two international deals. Consolidating results would be his first and biggest challenge as the new corporate controller at GSF, a multinational food service provider serving 125,000 restaurants in 60 countries.
The Perils of Using Spreadsheets for Budgeting, Planning and Forecasting
Using spreadsheets for budgeting, planning, and forecasting is still a common practice, and a recent survey of senior finance executives shows just how harmful that practice can be. Chief financial officers who allow spreadsheets and email to serve as their main tool for budgeting, planning and forecasting (BPF) run the risk of hurting their companies…
Don’t ‘Frankenstein’ Your Annual Budget With Excel Ever Again!
A recent survey by CFO Research, sponsored by Host Analytics, found that while more than half — 54 percent—of respondents still use spreadsheets/email for their budgeting process, only 6 percent are “very satisfied” with their current system.
4 Risks in Relying on Excel for Financial Close and Reporting
Excel has been around since 1985. It was one of the first spreadsheets to use a graphical interface with pulldown menus and to have a point-and-click capability with a mouse.
Is Excel the Right Tool for Corporate Budgeting?
Well, here we are in late January and most companies have wrapped up their budgeting for 2017.  But while the memory of the process is fresh this is a good time to think about how well it’s working.
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