Welcome!

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

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

MEDIA CONTACT:
Kevin Sugarman
Email Contact
GlobalFluency
408.677.5311

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
What happens when the different parts of a vehicle become smarter than the vehicle itself? As we move toward the era of smart everything, hundreds of entities in a vehicle that communicate with each other, the vehicle and external systems create a need for identity orchestration so that all entities work as a conglomerate. Much like an orchestra without a conductor, without the ability to secure, control, and connect the link between a vehicle’s head unit, devices, and systems and to manage the ...
You have great SaaS business app ideas. You want to turn your idea quickly into a functional and engaging proof of concept. You need to be able to modify it to meet customers' needs, and you need to deliver a complete and secure SaaS application. How could you achieve all the above and yet avoid unforeseen IT requirements that add unnecessary cost and complexity? You also want your app to be responsive in any device at any time. In his session at 19th Cloud Expo, Mark Allen, General Manager of...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2017 New York. The 20th Cloud Expo and 7th @ThingsExpo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Internet to enable us all to im...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
As data explodes in quantity, importance and from new sources, the need for managing and protecting data residing across physical, virtual, and cloud environments grow with it. Managing data includes protecting it, indexing and classifying it for true, long-term management, compliance and E-Discovery. Commvault can ensure this with a single pane of glass solution – whether in a private cloud, a Service Provider delivered public cloud or a hybrid cloud environment – across the heterogeneous enter...
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Phil Hombledal, Solution Architect at CollabNet, discussed how customers are able to achieve a level of transparency that e...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
Cloud Expo, Inc. has announced today that Andi Mann returns to 'DevOps at Cloud Expo 2017' as Conference Chair The @DevOpsSummit at Cloud Expo will take place on June 6-8, 2017, at the Javits Center in New York City, NY. "DevOps is set to be one of the most profound disruptions to hit IT in decades," said Andi Mann. "It is a natural extension of cloud computing, and I have seen both firsthand and in independent research the fantastic results DevOps delivers. So I am excited to help the great t...