St. Louis, MO (PRWEB) August 15, 2006
Host Analytics, the price, performance leader in Business Performance Management software solutions, today announced that McCoy’s Building Supply, a retail building supply company, is using Host Analytics BPM software to improve their budgeting and planning process and monitor the performance of each of their retail stores.
McCoy’s Building Supply is one of the largest family-owned building supply retailers in their industry with 84 stores and annual sales in excess of $550 million. McCoy’s was challenged with streamlining their budgeting process, which consisted of multiple inputs from many geographic locations.
After evaluating multiple budgeting, planning and scorecarding solutions, Host Analytics was selected to provide McCoy’s with a Web-based budgeting application for top down and bottom up budgeting that enables store managers to provide inputs to their budgets and view profit and loss statements in real-time.
McCoy’s is using HOST BUDGET, providing a single repository for budgeting and planning information that is available to store managers from any Web browser. The Excel-like interface enables store managers to view their budgets, route proposed changes to upper management, and view actual-to-budget variances in real-time.
“HOST BUDGET has helped us create a collaborative top down and bottom up budgeting process that includes automatic budget consolidation and roll-up,” said Rick Bell, budget manager for McCoy’s. “The Host Analytics software-as-a-service model has given us the ability to create a new level of performance accountability across all of our 84 retail stores. We selected Host Analytics because of their cost-effective pricing structure and their ability to host our applications for us.”
In addition to HOST BUDGET, McCoy’s is using HOST SCORECARD, which provides store managers with a Web-based application for creating and monitoring performance metrics for their particular store.
“Our on-demand Business Performance Management applications significantly reduce the time to budget, plan, and help companies monitor their financial performance, allowing finance and other departments to spend more time on value-added analysis,” said Jim Eberlin, chief executive officer for Host Analytics. “Our solution was attractive to McCoy’s due to our easy-to-use, Excel-like browser interface.”
About Host Analytics
Host Analytics is the price – performance leader in Business Intelligence and Business Performance Management software that helps companies improve their Budgeting, Forecasting, Financial Consolidations, Dashboarding, Scorecarding, and Reporting and Analysis. Founded in 1999, Host Analytics delivers a complete suite of Business Performance Management software offered as an installed solution or on-demand. Host Analytics serves small, medium and large size businesses around the world. For additional information, visit http://www.hostanalytics.com or call (314) 588-2121.