Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced the publication of a new Ovum SWOT assessment* focused on Host Analytics and the continued emergence of cloud-based alternatives in the EPM market. The new report from Ovum, a global research and consulting firm, provides in-depth analysis and a balanced assessment of Host Analytics Cloud EPM Suite.
For a complimentary copy of the report, please visit http://ow.ly/v0hxd
With respect to cloud-based EPM, Ovum’s Surya Mukherjee, Senior Analyst, Information Management and the author of the report states that “Cloud-based delivery of the EPM solution removes the need for heavy initial investment in software and infrastructure and minimizes the reliance on enterprise IT.”
With regard to product scope, Mukherjee references Host Analytics as “One of the very few Cloud EPM vendors that offers an EPM suite (planning, close, reporting, and analytics) and not point tools.”
In reference to company position, Ovum describes Host Analytics as “One of the largest Cloud EPM vendors in terms of size, with a mature offering and a large roster of reference-able enterprise customers.”
“The EPM market is moving to the Cloud. Enterprises are replacing outdated on-premises software,” said Dave Kellogg, CEO of Host Analytics. “By doing so, Finance and Accounting teams gain an application they can own, improve their business agility, lower their costs and improve the security and availability of their data.”
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* Ovum’s SWOT reports are an independent assessment of a specific solution or service, examining features and capabilities, SWOT analysis, enterprise deployment considerations, and vendor’s product strategy
Ovum provides clients with independent and objective analysis that enables them to make better business and technology decisions. Our research draws upon over 400,000 interviews a year with business and technology, telecoms and sourcing decision-makers, giving Ovum and our clients unparalleled insight not only into business requirements but also the technology that organisations must support. Ovum is an Informa business.
About Host Analytics, Inc.
Host Analytics is the leader in cloud-based financial applications for planning, close management, reporting, and analytics. Host Analytics Enterprise Performance Management (EPM) customers benefit from improved business agility, lower total cost of ownership, faster time to value, increased security, and a faster pace of innovation compared to traditional on-premises alternatives. World-class companies like NEC, Burlington Coat Factory, and Sanmina trust Host Analytics to power their strategic financial processes. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with offices around the globe.
For more information about Host Analytics, please visit www.hostanalytics.com
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Ovum “SWOT Assessment: Host Analytics Cloud-Based EPM Suite, Winter 2014” by Surya Mukherjee, March 2014