On-demand corporate performance management software provider Host Analytics has released a new version of its self-named product suite, which features upgrades designed to provide finance executives and department managers with improved visibility into business operations, greater short- and long-term financial planning flexibility, and tighter integration between a company's strategic plan and its operational budgets and forecasts, the company said.
Host Analytics version 8.0 includes features that target two key planning, budgeting, and forecasting challenges. First, users can develop actionable "what if" budgeting and planning scenarios. Via an enhanced simulation engine and improved scorecard graphics, company executives can "war game" alternate potential scenarios.
Second, the software can link a company's long-term plan to the tactical execution of that plan, in the form of budgets and revised forecasts. Aiming to ease the transition of strategic plans into annual budgeting or re-forecasting, Host Analytics 8.0 provides support for discretionary initiatives, long-term capital projects, and multi-year/periodic budgeting.