Host Analytics has launched a new platform to move Excel models into a cloud service that allows users to take spreadsheet data and reuse it for other purposes without manual intervention.
The new platform, AirliftXL, is built on what the company calls an Application Transformation Engine (ATE), which parses complex spreadsheet data. It allows users to capture and reuse formulas, formats and model structures. It also provides the capability to prevent the errors that occur when moving data between applications.
For example, a customer would use the cloud service to pull Excel models from a spreadsheet that would then be stored as a template in AirliftXL. The customer then reuses that template without any formatting being lost. OLX, a Craigslist competitor, uses AirliftXL to prototype new budget models in Excel for their international entities. It then move those prototypes into Host Analytics EPM Suite, which consists of tools for managing accounting and finance on…
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