|By Marketwired .||
|June 10, 2014 10:00 AM EDT||
REDWOOD CITY, CA -- (Marketwired) -- 06/10/14 -- Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced a special offer to migrate Oracle Hyperion customers onto its industry leading cloud platform, to deliver full EPM functionality at half the cost, while providing dramatic improvements in usability and productivity. The company has also announced a free Migration Assessment to all current Oracle Hyperion users to provide an in-depth look at the personalized migration approach, savings and functional improvements they would see with a move to Host Analytics. To learn more about Host Analytics' limited-time offer to current Oracle Hyperion users and receive your free Migration Assessment, visit http://ow.ly/xNH2l.
When choosing EPM solutions, many organizations only consider the up-front costs of software licenses as well as training and implementation services. However, there are significant ongoing ownership costs associated with Oracle Hyperion as well. The ongoing high costs of running Oracle Hyperion's on-premises applications are driven by numerous factors including: administrative support hires in the form of IT staff, Finance department admins, or outside consultants, implementing major feature upgrades, applying software patches, data center operating costs and software maintenance fees. The new migration offer is available to current Oracle Hyperion customers and gives them full EPM functionality at half of these costs.
A number of leading organizations have already made the move from Oracle Hyperion to Host Analytics Cloud EPM Suite, saving an estimated $100 million. Organizations that have made the switch include QuickLogic, Sanmina Corp., SkyHawke Technologies LLC, Wind River Holdings, L.P., Zep Inc., and many more. Host Analytics customers who have switched from Hyperion are large companies, with average annual revenues of $3B, demonstrating Host Analytics' ability to meet the rigorous demands of large enterprises.
Zep Inc., a leading consumable chemical packaged goods company that manufactures a wide variety of high performance maintenance and cleaning products, is using Host Analytics to streamline its financial processes after migrating off of legacy on-premises Oracle Hyperion EPM applications. A case study detailing the company's success with Host Analytics is available here: http://ow.ly/vPD4h
Organizations are not turning to Host Analytics Cloud EPM Suite for cost savings alone. New customers cite the application's ability to handle their complex accounting and financial needs as well as the increased business agility and flexibility made possible by Host Analytics' cloud-based delivery model. With respect to cloud-based deployments, Gartner's Magic Quadrant for Corporate Performance Management 2014 states that "This Magic Quadrant highlights capabilities in three primary areas of market evolution. In order of importance, they are the vendor's ability to provide a viable cloud-based (preferably multitenant SaaS) offering and demonstrate its ability to support cloud users. As the traction for cloud based CPM solutions accelerates, this becomes increasingly important."(1)
"We are extremely excited about the ability to offer enterprises struggling with the cost, complexity and support challenges of Oracle Hyperion an easy, no-hassle way to migrate to cloud-based EPM from Host Analytics," said Dave Kellogg, CEO at Host Analytics. "We are seeing a wave of buyers turning to us to get the same EPM functionality they love with all the benefits of the Cloud at a fraction of the cost of Oracle Hyperion."
If you are a current Oracle Hyperion customer and would like to get your free Migration Assessment, please visit http://ow.ly/xNH2l
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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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(1) Gartner "Magic Quadrant for Corporate Performance Management Suites, 2014" by Christopher Iervolino, John E. Van Decker, Neil Chandler, 19 March 2014.