Acando Brings Host Analytics Cloud-Based EPM Solutions to Northern Europe

From Heavy System Projects to Flexible Cloud-Based Financial Planning, Budgeting, and Forecasting

Redwood City, CA - Mar 24, 2014 - 

Host Analytics, the leader in cloud-based enterprise performance management (EPM), today announced that Acando, a leading systems integration and services company, will offer implementation services for Host Analytics Cloud EPM Suite across Northern Europe.

Companies often face difficulties in financial planning amidst a changing business environment, changing organizations, new information sources and competitors, and growing data volumes. Host Analytics Cloud EPM Suite addresses these challenges, allowing companies to control things like multi-level planning and budgeting processes with increased flexibility and transparency, easily adjusting key financial processes to suit changing demands.

Host Analytics was recently positioned by Gartner, Inc. in the Visionaries quadrant of the 2014 Magic Quadrant for Corporate Performance Management (CPM) Suites. [1] Having evaluated 16 different software vendors across multiple areas of functionality, Gartner analysts placed Host Analytics in the Visionaries quadrant based on the company’s ability to execute and on its completeness of vision.

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“Cloud-based services are becoming easier and more flexible,” said Rami Juhela, Sales Director at Acando. “As a result, finance teams are shifting their focus from routine tasks to data analysis. In today's environment, in order to really save money and be efficient, company managers have to be both strategic and proactive. Our partnership with Host Analytics gives the market a true option that accelerates the budgeting and forecasting process to enable increasingly agile business practices.”

Planning with increased flexibility
Acando's new cloud-based model provides the planning and deployment of a unique, tailored planning environment and ongoing adjustments as business needs change. The model also provides greater financial flexibility than traditional up-front software licensing, instead using an ongoing, predictable subscription cost. And the familiar Excel user experience of Host Analytics accelerates adoption and increases ongoing usage, while ensuring that all information and processes are managed by a centralized, secure, cloud-based platform. Standards-based, automated integration makes it easy for organizations to incorporate critical information from on-premises or cloud-based ERP, CRM, or custom systems as well as spreadsheets and even external KPIs, currency exchange rates, and more.

“Customer success with cloud-based EPM comes from a combination of great products as well as the experience to understand each customer’s unique needs and vision of success,” said Andy Ross, Vice President of Alliances at Host Analytics. “Acando’s deep experience in EPM as well as other enterprise systems like SAP provides an attractive option for organizations looking to rapidly increase the agility of their planning and forecasting processes.”

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About Acando
Acando is a company providing IT consulting services in five European countries: Finland, Sweden, Norway, Germany and the UK. In total, the company has about 1000 employees. In Finland, Acando provides solutions relating to SAP function consultancy, BI, and mobile work applications. Acando's service package also includes full support services which effectively cut costs by taking full advantage of the strengths of the Acando group. Acando is listed on the NASDAQ OMX Nordic and its head office is located in Stockholm, Sweden.

About Host Analytics, Inc.
Host Analytics is the leader in cloud-based financial applications for planning, consolidation, reporting and analytics. Host Analytics enterprise performance management (EPM) customers benefit from improved business agility, improved security, and lower overall cost compared to legacy on-premises alternatives. World-class companies like NEC, Burlington Coat Factory, and Crocs 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.

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[1] Gartner “Magic Quadrant for Corporate Performance Management Suites, 2014” by Christopher Iervolino, John E. Van Decker, Neil Chandler, 19 March 2014.