News Feed Item
Host Analytics Saves Former Oracle-Hyperion Users $100M USD
Oracle Begins to React as Large-Scale Migration to Cloud-Based EPM Delivers Huge Benefits to Big Enterprises
|By Marketwired .
|April 29, 2014 10:00 AM EDT
REDWOOD CITY, CA -- (Marketwired) -- 04/29/14 -- Host Analytics, the leader in cloud-based Enterprise Performance Management (EPM), today announced that former Hyperion customers who have moved to cloud-based EPM from Host Analytics are saving more than $100 million by migrating off of Hyperion. The savings estimate is based on customer-provided data, industry analyst estimates, and internal TCO estimates, and assumes a 5-year lifecycle that is typical for on-premises EPM applications.
When choosing EPM solutions, many organizations only consider the up-front costs of software licenses as well as training and implementation services. However, they initially overlook the significant ongoing ownership costs associated with on-premises alternatives.
Those costs are driven by numerous factors including:
- Complex scripting and customization
- Administrative support staff in the form of IT staff, Finance department admins, or outside consultants
- Implementing major feature upgrades
- Applying software patches
- Data center operating costs including facilities, power, cooling and disaster recovery
- Hardware costs for development, test/training, production, and backup environments
- Internal help desk support
- Incremental storage as data volumes grow
- Software maintenance fees
- Ongoing performance tuning
Especially in larger organizations with sophisticated needs and bigger user populations, these costs add up quickly, creating a strong financial incentive to explore alternatives. This is also why leading organizations like Earthlink, Quicklogic, Sanmina, SkyHawke Technologies, Wind River Holdings, Zep, and many others have migrated to EPM in the Cloud with Host Analytics. In fact, customers of Host Analytics who switched from Oracle-Hyperion have average annual revenues of nearly $6B USD. One very large organization's own internal model projected more than $9M in incremental total ownership costs to stay with Hyperion for another 4 years, mostly driven by the consulting expense of complex, disruptive, on-premises software upgrades.
"Today, finance departments are challenged to play a more strategic role in their company. This means shifting the focus from executing rote tasks to providing greater analytical and forward-looking support to other areas of the organization," said Rob Kugel, Senior Vice President and Research Director at Ventana Research. "Cloud computing is gaining increasing acceptance from finance professionals because it can offer faster time-to-value and have a total lower cost of ownership compared to an on-premises alternative."
Even Oracle has publicly recognized this trend, stating that "In conversations with CFOs, some of the reasons they cite in favor of cloud-based finance systems include the resource allocation flexibility that comes with avoiding large upfront investments, the ability to avoid fixed capital investments during periods of corporate or economic uncertainty, and timely access to the latest software capabilities."(1)
Organizations aren't turning to Host Analytics Cloud EPM Suite for cost savings alone. They frequently cite the application's ability to handle their complex accounting and financial needs as well as the increased business agility and flexibility made possible by Host Analytics' cloud-based delivery model. Oracle has also recognized the improved adoption and collaboration offered by cloud-based EPM applications, stating that "Gaining the input and intelligence of line of business managers becomes much more feasible with a cloud-based model that can be easily and flexibly rolled out across the organization."(1)
"Pretty much everyone -- now even including Oracle -- has recognized that EPM buyers increasingly prefer the Cloud," said Dave Kellogg, CEO at Host Analytics. "Those buyers are turning to Host Analytics to get the same or better robust EPM functionality they love, but at a fraction of the cost of traditional on-premises EPM systems like Hyperion. What's more, when turning to Host Analytics they get both a true multi-tenant Cloud architecture that maximizes agility as well as a true Cloud business model that aligns vendor and customer interests."
To learn more about Host Analytics Hyperion Migration Program, please visit http://info.hostanalytics.com/hyperion-migration-overview.html
Follow @host_analytics on Twitter and suggested Tweet:
Click to Tweet: Host Analytics Saves Former Oracle-Hyperion Users $100M USD http://ow.ly/wbbNn #epm via @host_analytics
About Host Analytics, Inc.
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 Sanmina 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.
For more information about Host Analytics, please visit www.hostanalytics.com
Become a fan of Host Analytics on Facebook: https://www.facebook.com/HostAnalyticsInc
Follow Host Analytics on LinkedIn http://www.linkedin.com/company/host-analytics-inc.
Follow @host_analytics on Twitter
(1) "Accelerating EPM Deployment with Planning in the Cloud," Oracle Corp., February 2014, http://www.oracle.com/webapps/dialogue/ns/dlgwelcome.jsp?p_ext=Y&p_dlg_id=15229333&src=7903135&Act=12
Add to Digg Bookmark with del.icio.us Add to Newsvine
SYS-CON Events announced today that Niagara Networks will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
Sep. 29, 2016 06:00 AM EDT Reads: 515
SYS-CON Events announced today the Kubernetes and Google Container Engine Workshop, being held November 3, 2016, in conjunction with @DevOpsSummit at 19th Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA.
This workshop led by Sebastian Scheele introduces participants to Kubernetes and Google Container Engine (GKE). Through a combination of instructor-led presentations, demonstrations, and hands-on labs, students learn the key concepts and practices for deploying and maintainin...
Sep. 29, 2016 06:00 AM EDT Reads: 2,747
Your business relies on your applications and your employees to stay in business. Whether you develop apps or manage business critical apps that help fuel your business, what happens when users experience sluggish performance? You and all technical teams across the organization – application, network, operations, among others, as well as, those outside the organization, like ISPs and third-party providers – are called in to solve the problem.
Sep. 29, 2016 06:00 AM EDT Reads: 2,664
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
In his session at 19th Cloud Exp...
Sep. 29, 2016 05:45 AM EDT Reads: 1,046
SYS-CON Events announced today that Roundee / LinearHub will exhibit at the WebRTC Summit at @ThingsExpo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
LinearHub provides Roundee Service, a smart platform for enterprise video conferencing with enhanced features such as automatic recording and transcription service.
Slack users can integrate Roundee to their team via Slack’s App Directory, and '/roundee' command lets your video conference ...
Sep. 29, 2016 05:45 AM EDT Reads: 1,500
Apache Hadoop is a key technology for gaining business insights from your Big Data, but the penetration into enterprises is shockingly low. In fact, Apache Hadoop and Big Data proponents recognize that this technology has not yet achieved its game-changing business potential.
In his session at 19th Cloud Expo, John Mertic, director of program management for ODPi at The Linux Foundation, will explain why this is, how we can work together as an open data community to increase adoption, and the i...
Sep. 29, 2016 05:30 AM EDT Reads: 1,144
Using new techniques of information modeling, indexing, and processing, new cloud-based systems can support cloud-based workloads previously not possible for high-throughput insurance, banking, and case-based applications.
In his session at 18th Cloud Expo, John Newton, CTO, Founder and Chairman of Alfresco, described how to scale cloud-based content management repositories to store, manage, and retrieve billions of documents and related information with fast and linear scalability.
Sep. 29, 2016 05:30 AM EDT Reads: 2,945
Digital transformation is too big and important for our future success to not understand the rules that apply to it. The first three rules for winning in this age of hyper-digital transformation are:
Advantages in speed, analytics and operational tempos must be captured by implementing an optimized information logistics system (OILS)
Real-time operational tempos (IT, people and business processes) must be achieved
Businesses that can "analyze data and act and with speed" will dominate those t...
Sep. 29, 2016 05:15 AM EDT Reads: 1,242
IoT is fundamentally transforming the auto industry, turning the vehicle into a hub for connected services, including safety, infotainment and usage-based insurance. Auto manufacturers – and businesses across all verticals – have built an entire ecosystem around the Connected Car, creating new customer touch points and revenue streams.
In his session at @ThingsExpo, Macario Namie, Head of IoT Strategy at Cisco Jasper, will share real-world examples of how IoT transforms the car from a static p...
Sep. 29, 2016 05:00 AM EDT Reads: 1,634
While DevOps promises a better and tighter integration among an organization’s development and operation teams and transforms an application life cycle into a continual deployment, Chef and Azure together provides a speedy, cost-effective and highly scalable vehicle for realizing the business values of this transformation.
In his session at @DevOpsSummit at 19th Cloud Expo, Yung Chou, a Technology Evangelist at Microsoft, will present a unique opportunity to witness how Chef and Azure work tog...
Sep. 29, 2016 04:45 AM EDT Reads: 1,796
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Sep. 29, 2016 04:30 AM EDT Reads: 4,678
Almost two-thirds of companies either have or soon will have IoT as the backbone of their business in 2016. However, IoT is far more complex than most firms expected. How can you not get trapped in the pitfalls?
In his session at @ThingsExpo, Tony Shan, a renowned visionary and thought leader, will introduce a holistic method of IoTification, which is the process of IoTifying the existing technology and business models to adopt and leverage IoT. He will drill down to the components in this fra...
Sep. 29, 2016 04:00 AM EDT Reads: 1,813
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 29, 2016 04:00 AM EDT Reads: 1,211
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Sep. 29, 2016 03:45 AM EDT Reads: 4,823
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 29, 2016 03:30 AM EDT Reads: 3,033