REDWOOD CITY, CA -- (Marketwired) -- 04/16/14 -- Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced that 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 now available here: http://ow.ly/vPD4h
Zep Inc. chose Host Analytics after recognizing a need to upgrade its legacy planning and budgeting system, Hyperion Pillar. The company determined that an upgrade to its current on-premises system would involve significant costs and could take more than a year to deploy. With another budget cycle approaching, the Zep Inc. Finance team chose Host Analytics as a solution that the company could deploy quickly and with minimal disruption to its business.
While deploying the Host Analytics Planning Cloud, the Zep Inc. team identified additional capabilities within their processes that could benefit from an upgrade, including their financial consolidation and reporting applications. Host Analytics was able to address those needs with their complete EPM suite that also includes close management, reporting and analytics.
By having consolidated financial data in the same application as the planning data, the close process is streamlined. Analysts that would typically wait for hours to receive answers from accounting regarding specific transactional data, can now easily access that data and drill into the details in minutes. Host Analytics also automates the conversion of multiple currencies in the consolidation process, ultimately ensuring an efficient process and accurate numbers.
The application from Host Analytics also helps the Zep Inc. Finance team to better meet its strategic corporate objectives. They are better able to drive accountability across the organization, and give the management team deeper insight into the business.
"Host Analytics made it easy for us to move from our on-premises applications to a centralized, cloud-based system," said Sydney Tucker, Director of Reporting at Zep Inc. "We've been able to upgrade our capabilities and become a more strategic resource for the business."
Cervello, a technology consulting company specializing in EPM and analytics, has worked with the team at Zep Inc. to evolve and expand the benefits delivered since the initial implementation. The experts at Cervello were able to understand Zep Inc.'s changing business needs and helped them realize both tactical and strategic benefits.
"Oracle Hyperion Migrations present a great opportunity for organizations like Zep Inc.," said Ron Baden, VP of Services at Host Analytics. "When our customers migrate to the Cloud, they don't just get better product capabilities; we work with them to streamline existing processes in a way that can help transform the way Finance partners with the rest of the organization."
For more information on Host Analytics and the Migration Program, please visit: www.hostanalytics.com/migrationprogram
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About Host Analytics
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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About Zep Inc.
Zep Inc., with fiscal year 2013 net sales of approximately $690 million, is a leading consumable chemical packaged goods company selling a wide variety of high-performance chemicals that help professionals and prosumers clean, maintain and protect their assets. We are focused on the attractive industry dynamics of the transportation market and the industrial maintenance and repair operation ("MRO") market, which together now comprise approximately 60% of our revenue with the balance derived from sales into the facilities maintenance vertical. We market these products and services under well recognized and established brand names, such as Zep®, Zep Commercial®, Zep Professional®, Enforcer®, National Chemical, Selig, Misty®, Next Dimension, Petro®, i-Chem®, TimeMist®, TimeWick, MicrobeMax®, Country Vet®, Konk®, Original Bike Spirits®, Blue Coral®, Black Magic®, Rain-X®, Niagara National, FC Forward Chemicals®, Rexodan®, Mykal, and a number of private label brands. Founded in 1937, some of Zep Inc.'s brands have been in existence since 1896. Zep Inc. is headquartered in Atlanta, Georgia. Visit our website at www.zepinc.com.