I work for a mid-size global consumer electronics company and need more functionality that
I am looking at upgrading from Excel to a budgeting & planning system. I am looking for Comparisons between Adaptive Insights and Host Analytics.
Answers
Sandra,
I am not familiar with Adaptive, but I really like Host Analytics. Host is easily implemented (compared to others), has the capabilities of some of the best (e.g. Hyperion) and is cost effective (SaaS). Host also interfaces easily with other systems like SAP. I would encourage you to view a demo if you haven't already.
I hope this helps.
Dave
I have looked at product demonstrations of both the Adaptive and Host and while I saw a welcome departure from Excel spreadsheets, I thought both required a considerable investment in the implementation process and maintenance because of intensive user programming (development of formulas and placement in various areas of the application and other activities during the setup process). I would encourage you to also evaluate Budget Maestro with Analytics Maestro published by Centage Corporation (www.centage.com), where through proprietary
I encourage you to evaluate as many solutions as you practically can to make sure the one you choose can be implemented with minimal consulting expense, including periodic updates, changes and maintenance, and that no custom programming is required. The solution should allow you to obtain accurate forecasted financial statements (including a balance sheet and statement of cash flows, in addition to the income statement) and perform periodic analysis against actual results immediately after accounting periods are closed. Ideally, there should be no formulas needed to be entered, reviewed, approved and maintained throughout the process, since using formulas, even in a dedicated planning and forecasting application presents the same risks associated with using formulas within a spreadsheet solution.