REDWOOD CITY, CA -- (Marketwired) -- 07/10/14 -- Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced that Universal Services of America has selected Host Analytics Cloud EPM Suite to automate key financial processes for planning, budgeting, and forecasting as well as consolidating financials and closing the books. Host Analytics was chosen after an evaluation that included various other EPM alternatives.
Since its founding in 1965, Universal Services of America has grown to become one of the largest security companies in the U.S. Based in Santa Ana, Calif., Universal's more than 40,000 security professionals and janitors service billions of dollars in assets located across the nation.
Prior to Host Analytics, the company was facing an increasing challenge to efficiently manage key financial processes given its growth and the diversity of its businesses. A combination of legacy, on-premises applications and spreadsheets required a lot of manual work to manage, forcing the Finance team to spend more time trying to gather and integrate data, and less time analyzing it. The team also wanted to drive greater collaboration and empowerment by bringing more business owners into the planning process. Universal Services of America also recognized an opportunity to achieve "one version of the truth" across various company metrics, to unlock greater business insights to help the company continue to thrive.
After evaluating Host Analytics Cloud EPM Suite as well as alternative offerings, Universal Services of America chose Host Analytics for superior reporting flexibility, and proven, enterprise-class consolidation capabilities. The company also recognized the advantages of Host Analytics' cloud-based delivery model that could accelerate time-to-value, provide lower overall costs, improve data security, and empower the Finance team with an application that they could manage and evolve without excessive dependence on IT resources or external consultants.
"The more we learned about the capabilities of Host Analytics Cloud EPM Suite, the more obvious the choice became," said Mike Zierhut, VP of Corporate Finance at Universal Services of America. "We are a large organization with sophisticated needs, and Host Analytics offered a proven, complete, and robust solution with all of the advantages of the Cloud."
"We love working with forward-looking Finance teams who see the opportunity to transform their role in the organization while leaving manual and siloed processes behind," said Alison Holmlund, VP of Customers for Life at Host Analytics. "Our cloud-based business model is predicated on the long-term success of our customers, and we're very proud to be working with another industry leader like Universal Services of America."
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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.
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