ENTERPRISE PERFORMANCE MANAGEMENT SYSTEMS
Host Analytics for Consolidation
Handle complex enterprise-level Consolidation & Reporting
About Host Analytics
Host Analytics is the leader in Cloud-Based Enterprise Performance Management (EPM), offering a suite of financial applications for Planning, Consolidation, Reporting, Modeling, and Analytics. World-class companies like NEC, Burlington Coat Factory, and Sanmina trust Host Analytics to power their strategic financial systems. An established industry leader and a low-risk choice for public companies and private organisations, Host Analytics is the only Cloud vendor to be on the Gartner Magic Quadrant for Enterprise Performance Management suites for the last six years.
Why Host Analytics Consolidation?
- Automate your Financial Consolidation and simplify your close process to support global standards like USGAAP and IFRS.
- Gain instant insight into your data with personalised dashboards and reports - and numbers you can trust.
- Reduce compliance and audit costs while highlighting potential risks.
- Seamlessly integrate data from your source system into your Host Analytics application.
- Financial consolidation
Easily consolidate financial and operational data, translate, and report foreign currency in accordance with the latest FAS and IAS standards like FASB 52. Automate journal entries and intercompany eliminations and streamline single-entity reporting.
- Transparent reporting
Create interactive reports from a single report writer in either IFRS or GAAP format.
Generate Balance Sheets, Income Statements or Statement of Cash Flows that meet the latest FASB standards like FASB 95.
- Effortless integration
Upload General Ledger data with predefined connectors that include additional scheduling and data validation options.
Even large, multi-national corporations with complex currency situations and ownership structures save time and confidently report results via Host Analytics Consolidation. Adhere to accounting standards or produce interactive reports suitable for boardrooms or statutory filings - and still cut time to close by up to 75%.
Quickly Close Multiple Books from One Location
Maintain multiple sets of books. Enter and manage a full range of journal entries and allocations - all from one central database. Ensure accuracy by loading data directly from multiple General Ledgers rather than error-prone, manual entry or copy/paste from spreadsheets. Improve your close process with real-time dashboards and reports. Review details behind account balances. Drill into workflows to see exactly what’s slowing your close.
Simply Consolidate Complex Corporate Structures
Seamlessly handle multiple global Entities, General Ledgers, and Currencies. Consolidate variable interest entities in both controlling and non-controlling interest situations. Translate and report foreign currency in accordance with the latest standards - FASB Accounting Standards Codification (ASC) Topic 830 - using current and historical rates through foreign exchange data feeds. Automate recurring transactions to streamline the process and ensure books are accurate.
Easily Create Robust Reports
Create ad hoc or formatted financial reports and drill into details with a simple click. Combine Budgets or operational data with your Actuals to enable more insightful management reporting. Take the hassle out of publishing the final board book, management summaries, statutory filings, and disclosures using auto-updating templates and a fast report publisher. Generate Balance Sheets, Income Statements, or Statements of Cash Flows consistent with FASB ASC Topic 810.
Fast Consolidation and Close
• Reduce financial close processes by up to 75%
• Collect accurate data directly from the GL sources
• Perform complex consolidations for large multi-national corporations
• Provide transparency into adjustment details during audits
• Reduce compliance and audit costs while highlighting potential risks
• Easily answer management questions on the fly
• Statutory reports conforming to GAAP and IFRS standards
• Foreign currency reported in accordance with FASB 52
• Interactive and ad hoc reports and dashboards with no IT support
• Recurring journal entries and intercompany eliminations
• Financial and operational data in one database
• Ad hoc and financial reports from a single report writer
• Scheduled data integrations via predefined connectors with data validation
Close Progress Visibility Improve your financial close process with real-time dashboards and reports for multiple sets of books through the Consolidation Control Panel. The Consolidation Status Report clearly shows where you are in the process. Click to drill into workflow completion details.
All activities, built-in functionality, and reports follow the latest global accounting standards, including GAAP and IFRS, for statutory financial statements. Templates are available for Balance Sheets, Income Statements, Statements of Cash Flows, and other common and required reports. Publish in EDGAR-compliant HTML and XBRL.
Complex Corporate Structures
Quickly close global divisions with a variety of currencies. Consolidate joint ownership entities no matter what percent you control. Translate individual entity reports to reference a single, standard chart of accounts for consistent global reporting across the entire organisation.
Automate Recurring Transactions and Multiple Currencies
Streamline single-entity reports and ensure books are accurate by automating journal entries and inter-company eliminations. Consolidate, translate, and report foreign currency in accordance with the latest standards, such as FASB ASC Topic 830. Use current and historical rates through foreign exchange data feeds.
Interactive and Standard Reports
Select from standard reporting templates or create your own. All reports, both ad hoc and financial, provide deep visibility with click-through drill-down. Workflow manages the contributors, content, and due dates for large or small reports. Publish quickly into MS PowerPoint or Word with the Financial Package Publisher.
Data On-demand or Automatically Refreshed
Integrate summary or detail-level data directly from any General Ledger, ERP, or other business system via the Data Load Wizard. Or use connectors with scheduling and validation options to keep your data current as you close and consolidate the books.
User Access Controls and Confident Audits
Strong internal controls ensure access to designated areas and restrict access to unauthorised areas. Set limitations by user. Audit logs and reports provide transparency into adjustments made. Look at the whole log or search filtered data to investigate specific areas.