Host Analytics is a great tool for us!
March 14, 2016

Host Analytics is a great tool for us!

Eli Salembier | TrustRadius Reviewer
Score 7 out of 10
Vetted Review
Verified User

Overall Satisfaction with Planful (formerly Host Analytics)

We use Host for global budgeting. All parts of our business budget revenue, expense, and capital in Host once a year.

Pros

  • The Cloud model allows any employee across the globe to access Host easily.
  • The reporting module is fantastic. Host has done a great job of build hierarchies in their chart of accounts to allow for flexible and easy report building.
  • Template setups in the budget module allow for a great deal of flexibility.

Cons

  • The consolidation module is not the most user friendly module. We evaluated the module and decided not to use it. So I'm not completely up to speed on where the module stands today.
  • Some aspects of the system can be slow. But Host is always working on improving speed and I do see improvements all the time.
  • While Host handles foreign currency very well there are a few small places where functionality is lacking.
  • We moved from an Excel based budgeting system and without Host we would not have been able to keep up with the growth of the company.
  • In the first year of licensing we put 140 managers into Host and it was FAR cheaper than a tool like Hyperion.
Cheaper than Hyperion and a better platform that the other cloud systems. We also looked at some Excel based budgeting systems but they all fell well short of our requirements.
Host Analytics Cloud EPM is quite flexible and I can see it being used in all but the most complex of scenarios.

Planful Feature Ratings

7.6
Long-term financial planning
7
Financial budgeting
8
Forecasting
8
Scenario modeling
7
Management reporting
8
8.0
Financial data consolidation
Not Rated
Multi-currency management
8
Intercompany Eliminations
Not Rated
Minority Ownership
Not Rated
Local and consolidated reporting
Not Rated
Detailed Audit Trails
Not Rated
7.7
Financial Statement Reporting
8
Management Reporting
8
Excel-based Reporting
7
Automated board and financial reporting
Not Rated
XBRL support for regulatory filing
Not Rated
Not Rated
Personalized dashboards
Not Rated
Color-coded scorecards
Not Rated
KPIs
Not Rated
Cost and profitability analysis
Not Rated
Key Performance Indicator setting
Not Rated
Benchmarking with external data
Not Rated
6.0
Flat file integration
Not Rated
Excel data integration
6
Direct links to 3rd-party data sources
Not Rated
BI Standard Reporting ()
Not Rated
Ad-hoc Reporting ()
Not Rated
Report Output and Scheduling ()
Not Rated
Data Discovery and Visualization ()
Not Rated
Access Control and Security ()
Not Rated
Mobile Capabilities ()
Not Rated

Comments

  • Alison Holmlund | TrustRadius Reviewer
    Alison Holmlund
    (Vendor Representative) commented 9 years ago
    Hello, Eli! We are so glad to hear of your success with Host Analytics; especially with our flexible Budget and Reporting modules. We are especially pleased to hear of your return on investment with Host Analytics. Your success is our business! Thank you for taking the time to fill out a review as your input is very important to us. We are working to deliver an even better user experience with an enhanced user interface this year. We are also expanding support for Excel integration. We have many exciting features in store for the remainder of 2016. If you like, I would be happy to schedule a call with you and your team to discuss some of these features in more detail and how they could benefit you and your organization. You may contact me at: aholmlund@hostanalytics.com Thanks again, Alison Holmlund Senior Vice President, Customers for Life

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