Improve visibility into the period-end process with a clear close process, status dashboard and reporting that can answer management questions easily from a single report writer. Host Analytics' Close Management Cloud is recognised as the most mature and leading financial close and consolidation application in the Cloud. Gartner rate Host Analytics a Leader in Financial CPM (financial close, financial consolidation & Reporting) in its 2017 Financial CPM Magic Quadrant Report - the only pure cloud-vendor. Enabling finance teams to close the books with increased confidence, an improved process and better controls, reducing time to close by up to 75%.
Load GL data at the summary or detailed level. Getting data from your GL into Host Analytics is quick and easy via a flat file with The Data Load Wizard.
Efficient Close Management
Host Analytics' Close Status Dashboard provides a birds-eye view of how the close process is progressing. Automatic data validations flag account variances with the ability to drill directly to details from summary numbers. Adjust multiple sets of books from the one place with recurring, reversing and adjusting journal entries in a powerful allocation tool. Review account balances with reporting that allows you to view the details behind account reconciliations.
Simplify Financial Consolidation
Simplify and automate the consolidation process. Multiple global entities, general ledgers and currencies are easily handled. That includes entities with both controlling and non-controlling interest. Automate intercompany eliminations to ensure the books are accurate with minimal effort. All this is done in a way that allows you to meet the latest global accounting standards. Consolidation rules are transparent, not cryptic scripts. Consolidates operational data with financial data for reporting.
Point & Click Reporting
Produce a full range of financial statements, ad hoc reports, and dashboards from a single report writer that has the ability to dig into details. Take the hassle out of publishing the final management report or board book with automation that combines multiple source documents into a single polished report.
Automated controls validate reported results and highlight potential risks, such as the full audit trail provided and internal security access controls. While industry standard security and audits (SSAE 16 SOC 1 and 2) keeps your data secure.
Host Analytics named one of only two LEADERS in both Gartner's 2017 Magic Quadrants for Strategic & Financial CPM.
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