Signet Armorlite Attains a Clearer Financial Close with Host Analytics

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Host consolidator eliminates volumes of Excel spreadsheets to improve business performance.

Host Analytics, the On-Demand leader for Business Performance Management software solutions, today announced that Signet Armorlite eliminates the cumbersome financial close process with Host Consolidator.

Signet Armorlite is a privately held optical company which produces premium plastic lenses and is the exclusive distributor for KODAK lenses. The company looked to Host Analytics and the Host Consolidator software-as-a-service to eliminate the manual process of keying in financial information. Signet Armorlite's global users have saved roughly 2-3 hours per month each giving them more time for in-depth financial analysis.

"Host Consolidator provides not only the basic functionality required for monthly financial consolidations, it is a feature-rich software-as-a-service financial software application that has the capability to do more than we expected," said Peter Langlois, controller for Signet Armorlite.

Host Consolidator provides Signet Armorlite with a single database for all financial close information which ensures accurate mapping.

"Global collection and reporting analysis is critical, even for companies who aren't held accountable to the same regulatory requirements as public companies," said Jim Eberlin, chief executive officer for Host Analytics. "Host Consolidator provides a feature-rich application which can be leveraged as software-as-a-service (on-demand), or installed as an on premise solution."

Signet Armorlite has large volume of accounts and ensuring consistency across all, independently run business units was a challenge before Host Consolidator. The company has now developed a process to download general ledger information into Host Consolidator versus manually keying in information on different chart of accounts. Each business unit now has more time to spend on in-depth analysis of the numbers for better decision making and improved accuracy.

About Host Analytics

Host Analytics is the On-Demand leader for Business Performance Management software that helps companies improve their Budgeting, Forecasting, Financial Consolidations, Dashboarding, Scorecarding, and Reporting and Analysis. Founded in 2000, Host Analytics delivers a complete suite of Business Performance Management software offered as an on-premise solution or software-as-a-service solution. 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.

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VALERIE BEAUDETT
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