REDWOOD CITY, CA--(Marketwire - Sep 19, 2012) - Host Analytics, the leader in cloud corporate performance management (CPM), today announced that Calypso Technology Inc., the global capital markets platform provider, standardized on the company's cloud CPM suite to streamline important financial processes. With Host Analytics, Calypso replaced Excel spreadsheets and significantly reduced the time required for budgeting and reporting.
"Our finance team was juggling several spreadsheets at once, and it became impossible to manage the growing influx of data," said Aaron Palajac, senior financial analyst at Calypso. "Formatting and validating the data consumed most of our annual six-month budget process, and by the time this was done, information was already out of date. With Host Analytics, we've streamlined the process, and -- no longer buried in spreadsheets -- can deliver more strategic value in terms of corporate planning."
Based in San Francisco, Calypso has offices in 17 financial centers around the world. Host Analytics helps the rapidly growing global company to analyze the impact of complex financial exchange rates and manage the expenses of foreign offices in local currencies. In addition, Calypso is able to produce monthly reports in minutes versus days for faster planning and analysis.
"Global organizations like Calypso face specific challenges around budgeting, reporting and planning," said Keri Brooke, vice president of marketing at Host Analytics. "The value of Host Analytics extends beyond the capabilities of spreadsheets and simple budgeting or planning tools, arming finance and other executives with the timely, accurate and complete information they need to make better business decisions."
Host Analytics is one of Silicon Valley's fastest growing cloud companies. The company delivers the first and only complete suite of cloud CPM and business analytics applications to help finance executives drive faster and smarter decisions throughout their organizations. Host Analytics has a complete cloud CPM suite covering planning, budgeting, scorecarding, financial consolidation and reporting.
To learn more about how Calypso uses Host Analytics, visit http://www.hostanalytics.com/customers/case-studies/calypso-case-study.
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About Calypso Technology Inc.
Calypso Technology offers financial institutions and corporate treasuries an integrated trading, risk and processing software platform, which provides a solid, modern foundation for future business growth. Over 130 customers, including many of the world's largest banks, license the Calypso system to better manage positions and risk globally across assets.
The Calypso Trading and Risk Management Platform is the industry's first application software suite built from the ground up to be a front to back office, cross-asset system for derivatives and treasury products. With 17 global offices and over 600 employees, Calypso has been recognized for its award-winning innovations and strong customer service culture. "Calypso" is a registered trademark of Calypso Technology, Inc. in the United States, the European Union and other jurisdictions.
About Host Analytics
Host Analytics is the #1 cloud corporate performance management company, providing the only complete suite for finance. Host Analytics helps organizations make better operational and financial decisions by streamlining and automating their consolidations, planning and reporting processes.
Over the span of a decade, Host Analytics has gone from pioneer to leader with their deep product functionality, world-class team and broad partner ecosystem. Thanks to the cloud, customers enjoy low costs, low risk and fast results that give them an edge and helps Finance gain greater influence in setting business strategy and operational priorities. Host Analytics is:
- 1st cloud corporate performance management solution;
- 1st to deliver external data integration;
- 1st to deliver a business analytics application built for finance in the cloud.
Host Analytics serves midsize to large customer organizations, including AT&T, Groupon, Crocs, Thule, Otis Spunkmeyer and Schumacher. The company has received on-going industry recognition and was most recently recognized by AlwaysOn for the OnDemand 100 and Global 250 Top Private Companies Awards and by Network Products Guide for its Hot Company Award.
For additional information, visit http://www.hostanalytics.com or join the conversation at www.twitter.com/host_analytics.