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Company: Host Analytics
Started: 2000
Located: Redwood City, California
Geography: North America
Market(s): Financial Budgeting and Planning
Products: Performance Management Suite
Key Customers: P&G, JPMorgan Chase, Thule and Pitney Bowes
Website: Host Analytics
Blog: Host Analytics Blog
Recent News:
Host Analytics Soars Into 2009 With Record Fourth Quarter Result
Host Analytics Continues Market Leadership in Manufacturing Companies
I asked Jon Kondo, Host Analytics Chief Executive Officer a few questions about his business and his view of the SaaS market in 2009.
Did you start out as a Software-as-a-Service company?
We started out as a founder and angel investor funded, on-demand service in 2000, that enabled our customers to run our innovative budgeting and planning solutions a hosted application. We launched our SaaS based service in 2005 and expanded our solution to include a comprehensive and integrated Corporate Performance Management suite. In 2008, we secured our first round of venture capital funding and introduced editions of our SaaS solution targeted to the needs of small to medium sized businesses, departmental enterprise users, public sector and non-profit organizations.
Why do your customers buy from Host Analytics?
Host Analytics helps organizations streamline the performance management process, align the planning process with business strategy and effectively measure performance and manage change. As a SaaS delivered solution, Host Analytics customers realize fast time to value through quick implementation of solutions, the highest levels of user adoption, effective empowerment of business users and a continuous flow of Host Analytics provided solution innovations and improvements. Businesses relying on error prone, complex and inefficient spreadsheets for budgeting and planning experience improved productivity and effectiveness by converting to Host Analytics’ integrated suite of corporate performance management solutions. Host Analytics’ “Excel in a Browser”, user interface style, minimizes the learning curve for finance, accounting and managerial professionals and helps to deliver fast time to value. Businesses with complex performance management requirements find Host Analytics solutions to be cost effective, easy to learn and fast to implement while delivering the required corporate performance management functionality when compared to legacy in-house and on-premise license based software solutions. Host Analytics is the only SaaS-based integrated Corporate Performance Management solution suite available for businesses of all sizes and industries.
What do you see as the key trend emerging in the SaaS industry?
The biggest story in SaaS is the impending impact of Cloud computing. The combination of SaaS based corporate performance management and Cloud computing will make “Plug and Plan” a reality. “Plug and Plan” budgeting and planning is an integrated approach to business planning. Data from multiple sources like ERP, HCM and CRM systems is quickly and transparently integrated into a Corporate Performance Management solution to extend and optimize budgeting, revenue planning, financial consolidation and score carding processes. This allows businesses to convert their planning from an annual or semi-annual event to a continuous process of timely and current adjustments.
What is your outlook for 2009?
We have a very positive outlook for Host Analytics in 2009. Today’s challenging economic conditions have created an environment where corporate performance management is more important than ever before. The current environment of non-stop significant economic news and events is driving businesses to reinvent their budgeting and planning processes by adopting new processes, methodologies and technology enabled solutions. We are seeing a significant increase in interest in SaaS based CPM and believe that 2009 will be an inflection point for SaaS, cloud computing and business planning solutions like CPM. Clearly, adoption of SaaS based CPM is increasing across a broad spectrum of businesses and industries.
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