Host Analytics has launched “Modeling Cloud”, a new module in the Host Analytics Cloud EPM Suite and the first advanced modeling engine integrated with a cloud-based EPM suite.
The Modeling Cloud provides deeper insights to operational and finance users by creating operational models with linkage back to the corporate financial plan. Business users can access their models in Excel spreadsheets, via a web browser, or mobile device. Modeling Cloud will enable users to anticipate business outcomes at a lower cost of ownership vs. traditional modeling solutions. Below is an excerpt from their press release describing additional benefits of the new product.
Modeling Cloud Announcement Highlights and Facts
Host Analytics Modeling Cloud addresses issues businesses are facing by providing:
- Self-service interactive query and analysis that lets finance and business users analyze the data in any way that they like with speed-of-thought response times. For example, business users can rapidly analyze profitability by product, by period, by geography, by business scenario.
- Advanced modeling that lets users create new members, calculations, sub-models, and even business dimensions in models with no support from IT. So a business leader considering selling a product through a reseller channel can easily add that business dimension and try to understand the volume and margin implications of that change.
- Excel-based reporting so that organizations can harness the full power of Excel for information presentation while ensuring “one version of the truth” from a centralized, secure data store.
Modeling cloud empowers users within and beyond finance by providing deeper insights, with the ability to anticipate business outcomes and inform financial plans. Empowered users can collaborate securely across Excel, web and mobile interfaces with no IT support required. And they can deploy new modeling applications quickly and securely via the cloud.
Host Analytics Modeling Cloud incorporates a number of modern technologies to address business user modeling in a way that goes beyond traditional solutions. Modeling cloud uses HTML5, NoSQL, In-memory Computing, and a patent-pending cloud-based calculation engine to deliver unprecedented business user flexibility and breakthrough performance along with the elastic scalability and lower overall costs of a natively multitenant cloud architecture. Analytical views and reports are saved in a common, cross-platform format to deliver a “write once, run anywhere” experience for business users. With Modeling Cloud, users can create a report in Excel and view it unchanged on a mobile device, or create a report in a web browser for a power user to analyze in Excel. Modeling Cloud integrates with the rest of the Host Analytics Cloud EPM Suite, enhancing the existing planning, close, reporting, and analytics modules for a complete EPM solution.
To learn more about Host Analytics Modeling Cloud, click here.