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Paragon Solutions Partners with Host Analytics to Bring Leading Cloud-Based EPM Solutions to the Life Sciences Industry
CRANFORD, NJ - March 15, 2016 – Paragon Solutions, a leading advisory consulting and systems integration firm for life sciences, announced a partnership with Host Analytics, the leader in cloud-based enterprise performance management (EPM). Paragon Solutions will begin offering Host Analytics Cloud EPM Suite to help its rapidly expanding Life Sciences customer base optimize their financial and operational processes to drive business agility.
Paragon offers a variety of life sciences finance services such as finance transformation, business process optimization and centralization, integrated planning, performance measurement (KPIs, metrics), and knowledge management. These offerings help organizations to define both the current state and optimized future state of their financial operations while simultaneously identifying initiatives required to achieve that optimal state. Paragon delivers industry best practices and supports execution of initiatives along a Finance Transformation roadmap, in which EPM is a large and contributing factor. This shared vision of “best run” finance operations for life sciences organizations is what aligns Paragon and Host Analytics so well, and positions them to solve for the challenges of today’s finance leaders.
Host Analytics Cloud EPM Suite provides a unified and centralized solution that makes it easy to better align finance with operations. This is a secure, scalable alternative to error-prone spreadsheets that companies are struggling with – by providing a complete and scalable EPM suite with an Excel-like interface that’s easy for finance members to learn and use. With a centralized database that consolidates financial and operational data from a variety of sources, organizations can model, plan, consolidate, report and analyze their business more effectively, improve accountability, and create business insights that improve decision-making. And for companies looking to replace legacy, on-premises EPM applications, Host Analytics provides a robust, proven solution that costs one quarter of the investment of on-premises solutions and can be implemented in one quarter of the time.
Host Analytics works with many customers and partners in the Life Sciences industry to help them address the challenges of managing performance in today’s dynamic business environment. Select Pharmaceutical, Biotech and Medical Device customers include: Jazz Pharmaceuticals, Purdue Pharma, Physio Control, Tandem Diabetes Care, and Moderna Therapeutics.
“We’re excited about the capabilities and benefits our clients stand to gain from Host Analytics Cloud EPM Suite. Our partnership will benefit our Life Sciences clients who are looking for a comprehensive system that will help automate, consolidate, and optimize their finance processes,” said Geoff Lewis, Vice President, Corporate & Enterprise Solutions at Paragon. “Our clients have a significant need to understand and transform their data into actionable intelligence to improve financial processes and operations, as well as improve upon those operations for a more effective finance organization.”
“While we’re seeing profound growth for our cloud-based EPM solutions across a myriad of vertical segments, we’re been very pleased in particular with our traction in Life Sciences,” said Andy Ross, Vice President of Alliances for Host Analytics. “Paragon will help us accelerate our penetration within this market and we’re pleased to continue growing our world-class partner ecosystem.”
For those attending the upcoming CBI’s 12th Annual Life Sciences Accounting and Reporting Congress held March 21st-23rd in Philadelphia, PA, you can visit both Paragon Solutions and Host Analytics in their booth on the show floor.
About Host Analytics
Host Analytics is the leader in cloud-based enterprise performance management (EPM), offering a suite of financial applications for modeling, planning, consolidation, reporting and analytics. World-class companies like NEC, Burlington Coat Factory and Sanmina trust Host Analytics to power their strategic financial systems. Host Analytics is a fast-growing, private company backed by leading venture capitalists and is headquartered in Silicon Valley with customers in over 90 countries.
For more information about Host Analytics, please visit www.hostanalytics.com
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About Paragon Solutions
Paragon Solutions is an advisory consulting and systems integration firm that specializes in enterprise information management to help clients leverage information assets for better business results. The company does this through its industry practices, solution accelerators and specialized technology competencies that help clients achieve operational efficiency, business scalability and regulatory compliance. Paragon Solutions works with businesses that are focused in a few key industries − communications, financial services, healthcare, insurance, and life sciences. The industry-focused practices work with Paragon’s competency groups to address today’s client concerns in Process Optimization, Information Management, Information Governance and Information Integration. For more information, please visit the Paragon website at www.consultparagon.com, or call 1.800.462.5582.
Follow Paragon on Twitter - @ParagonSolLS.
Jason “JT” Tidwell