REDWOOD CITY, CA -- (Marketwire) -- 12/18/12 -- Host Analytics, the leader in cloud corporate performance management (CPM), today announced the availability of a free, new benchmark whitepaper focused on the financial closing process. The paper offers insight in to how to make the close process efficient, clean and faster.

Closing the corporate books is a core function of finance teams; yet many CFOs and controllers struggle with this task today. Others seek ways to provide finance departments with a more strategic role within the organization.

Prepared by industry analyst firm Ventana Research, the new whitepaper, titled "The Fast Close Imperative," discusses how the correlation between process design and execution, as well as using the right software, are the two most effective ways of accelerating the close process. Research found that many companies are taking longer to close the books these days because finance organizations have failed to automate the closing process and are using inappropriate software to manage it. Being able to close faster affirms the effectiveness of the CFO, the controller and the entire finance department, thus ultimately allowing the finance team to spend more time on higher value, more strategic activities.

The paper is available for download at http://www.hostanalytics.com/download-ventana-research.

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.

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About Host Analytics
Host Analytics is the leader in cloud-based enterprise performance management (EPM) and provides the industry's only complete suite for financial planning, budgeting, consolidation, reporting and analytics in the cloud. Host Analytics customers benefit from faster deployments, increased security, a faster pace of innovation, reduced carbon footprint, and a greatly reduced total cost of ownership compared to traditional on-premises alternatives. World-class companies like AT&T, Marsh, Burlington Coat Factory, NEC, and Groupon 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 additional information, visit http://www.hostanalytics.com.

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