REDWOOD CITY, CA--(Marketwired - Jun 13, 2013) - Host Analytics, the leader in cloud-based enterprise performance management (EPM), today announced that Flow International Inc., a pacesetter in the development and manufacturing of ultrahigh-pressure water-jet technology, has deployed Host Analytics to simplify and centralize Flow International's budgeting and financial reporting.
Flow International Corporation is a global technology-based manufacturing company committed to providing a world-class customer experience. The Company offers technological leadership and exceptional waterjet performance to a wide-ranging customer base, benefiting many cutting and surface preparation applications, and delivering profitable waterjet solutions and dynamic business growth opportunities to its customers.
Flow's growth was putting pressure on its Finance department to support reporting and analysis needs that far outpaced its outdated financial systems. In an evaluation of how to work more efficiently to help drive the business, the company identified excessive effort, costs, and IT dependency caused by their existing reporting and planning applications as a root cause. Flow chose to relieve the pressure with the Host Analytics cloud-based planning and reporting applications. Host Analytics provided the growing, international company with an easy-to-use, centralized system that would not require technical attention from the IT team.
By deploying Planning Cloud from Host Analytics, Flow International has not only been able to deliver financial plans on time, but has the flexibility needed to easily adjust to an organization that is constantly evolving. Additionally the newly deployed Reporting Cloud, which includes ad-hoc reporting, has increased the company's efficiency by providing "management-ready" reports.
"Being able to bring all of the functionality that Host Analytics offers and have consistent information was very appealing to us because it of its potential to drive efficiency in our process," said Annie Thompson, director of FP&A at Flow International Corporation. "We wanted IT to be focused on applications that drive revenue, not supporting Finance, and these solutions put the necessary tools in the hands of the Finance team."
Flow International is recognizing the benefits of the integrated Host Analytics applications. The security, ease of adoption, and scalability have increased the number and engagement of users in the financial planning and reporting processes, with the flexibility to adapt seamlessly as the company grows.
"Finance in today's environment is a very dynamic function, and our integrated, cloud-based applications give customers like Flow International the flexibility to quickly adjust," said Alison Holmlund, Vice President of Customers for Life at Host Analytics. "We are committed to supporting our customers not only technically, enhancing the applications with their growing needs, but also holistically, understanding their business objectives and providing them with the expertise and best practices to achieve them."
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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 Crocs 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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