Speed Up Your Financial Close

Take the tedium out of consolidations with automation to reduce the amount of time it takes for you to close the books.

Close Faster,
Get Back to Work

Financial close and consolidation typically relies on too many manual processes, disconnected and complex spreadsheets, email-driven collaboration, and huge manual efforts to gather and organize data. It all leads to a painfully slow and cumbersome process that drags on finance productivity and pulls them away from more strategic projects. 

Host Analytics integrates data from financial and operational systems to create a true single source of truth to drive every close. It automates tedious manual steps, ensures data integrity and visibility throughout the process, and empowers finance to orchestrate the close process with greater collaboration and control.

Manual Close
vs. Host Analytics

Before EPM
HOST ANALYTICS FEATURES
WITH HOST

Manually coordinate financial close activities

  • Know where you are in the close process at all times
  • Get a visual snapshot of who and what work is completed, and what work is yet to be done
  • Collaborate across the business to gather data, validate information, and speed approvals

Get faster, more accurate consolidation and financial close processes

Struggle with spreadsheets to accommodate complex structures

  • Use a single chart of accounts to manage complex corporate structures
  • Post journal entries and process account reclassifications with built-in financial logic
  • Automate close activities from multiple ERP systems
  • Map entities to a single chart of accounts for consistent global reporting

Simple processes for even the most complex structures

Stress over security, compliance, and audit concerns

  • Use strong internal controls and security to ensure access from only authorized users
  • Capture searchable audit logs and reports
  • Easily conform to the latest global accounting standards
  • Use built-in and configurable layouts to easily create common and required reports
  • Publish reports in EDGAR-compliant HTML and XBRL formats for regulatory reporting

Peace of mind knowing risk is limited and data is secure

Spend days building internal, external, and regulatory reports

  • Use standard reporting templates or create your own with Dynamic Reports
  • Publish and distribute professionally formatted reports and presentations
  • Automate report production and distribution
  • Publish the most current data into PowerPoint or Word with a click of a button – no cutting or pasting required

Quickly design professional reports and automate report creation and distribution

Waste valuable resources gathering and consolidating data

  • Use journal entries and reclassifications without complex coding or expensive consultants
  • Consolidate, translate, and report foreign currency in accordance with the latest standards
  • Get accurate, up to the minute foreign currency rate data feeds for automatic currency conversions
  • Automatically load current summary balance or transaction-level data directly from any general ledger, ERP, or other business system

Free up time and increase confidence in consolidation and resulting reports

Watch our free on-demand webinar

“Moving Financial Consolidation and Reporting to the Cloud”

Proven Results

See What Happens When Teams Use Host
to Automate Manual Processes

Swissport

When Kim Lanham, Senior Director of FP&A started at Swissport in 2015, she was told she would be consolidating 2,000 spreadsheets come budget season. She responded by on-boarding Host Analytics, which allowed them to make better business decisions and put essential financial data right at their fingertips.

 

Key Features

Built-in financial close workflow

Know where you are in the close process at all times with Workflow. Located in the Consolidation Control Panel, Workflow provides a visual snapshot of who and what work is completed, and what work is yet to be done. See which entities have submitted and validated trial balances, completed inter-company eliminations, and processed their consolidations.

Flexible financial close reporting and compliance

Dynamically report financial results in the views that are meaningful to your business leaders. Customize fiscal year end dates based on how and when you close the books. Use strong internal controls and security so only authorized users can access designated areas, and capture audit logs to see what adjustments were made and by whom.

Gather all the financial close data you need

Automate all of your critical close activities from multiple ERP systems and map entities to a single chart of accounts for consistent global reporting across the entire organization. Quickly load summary balance or transaction-level data directly from any general ledger, ERP, or other business system. Automate data connections from your ERP and other source systems so that your data is always current.

Related Use Cases

A trusted leader in EPM

Host Analytics Named a Leader in the 2019 Gartner Magic Quadrant for Cloud Financial Planning and Analysis Solutions for the third consecutive year.

Named a Major Player in EPM Analytic Applications

Leader in CPM Value Matrix for Five Years Running