Strategic Business Planning Solution Allows Customers to Improve Planning Efficiencies and Optimize Resources
SUNNYVALE, Calif., November 06, 2001 – Hyperion, (NASDAQ: HYSL) a global leader in business intelligence software, today announced the availability of Hyperion Planning 2.0 and Hyperion Business Modeling 2.0, creating a combined solution for strategic business planning. Through powerful business modeling and collaborative planning, this solution aligns operational behavior with strategic plans to reflect company objectives while ensuring faster and more informed decision-making.
The strategic business planning solution, consisting of the newest versions of Hyperion Planning and Hyperion Business Modeling, advances Hyperion’s strategy to create and deliver enterprise-wide business intelligence solutions that enable companies to measure performance and drive profitability. Hyperion Planning and Hyperion Business Modeling are part of a modular suite of applications that customers can use to create a business performance management environment that complements operational systems, and seek to provide rapid return on investment.
The Hyperion Planning and Hyperion Business Modeling solution maximises employee involvement, and helps companies to align corporate operations with strategic planning. By involving more users in the planning process, companies can ensure that employee behaviour consistently contributes to achieving corporate goals. The solution also helps companies to confirm and validate their strategies, down to the operational components, which can then be used to fuel annual plans or budgets.
“Our customers have told us that often, strategy and planning are disconnected,” said Chris Leone, vice president of Product Marketing for Applications at Hyperion. “Using Hyperion Planning and Hyperion Business Modeling together, Hyperion is providing organisations with the ability to move beyond traditional budgeting, and begin to make real-time decisions that effect bottom line profitability.”
“Under current economic conditions, firms need to embrace solutions that provide dynamic enterprise business planning (EBP), rationalise top-level plans with bottoms-up budgets, and provide collaborative tools to gather and manage decentralised forecasts,” says John Van Decker, program director at META Group. “Solutions that effectively integrate EBP with advanced business modelling will significantly extend and improve forecasting capabilities, enable increased control over expense levers, and thereby provide competitive advantage.”
What’s New in Hyperion Planning?
Key improvements in the 2.0 release of Hyperion Planning include email alerting to reduce cycle times; improved process management analysis so all users can focus on volatile areas of the business and reduce process inefficiencies; user defined annotations so decision-makers can add detailed explanations of variances and assumptions; an enhanced security model and Web-based, user owned form design.
Hyperion Planning is a comprehensive, Web-based application that expands the planning process throughout the entire organisation and facilitates collaborative planning and subsequent decision-making. It covers all aspects of this process including target setting and communication of strategic goals and objectives, as well as tactical planning. Hyperion Planning includes built-in planning best practices, including financial, process, currency and reporting functionality for rapid time to benefit and lower cost of ownership.
What’s New in Hyperion Business Modeling?
Key improvements in 2.0 release of Hyperion Business Modeling include detailed and concurrent Net Profit and Economic Value Added (EVA) calculations to quantify value-creating activities that affect shareholder value and profitability, unlimited model components to build larger enterprise models, and enhanced recursive/reciprocal costing functionality to enable organisations to charge back costs for shared services such as human resources and IT.
Hyperion Business Modeling offers organisations a powerful decision support and business simulation framework. Operational planning features enable users to make strategic decisions based on resource capacity, profitability or shareholder value. Hyperion Business Modeling helps organisations implement advanced modelling techniques, such as EVA, Value Based Management (VBM) and Activity Based Costing/Management (ABC/M), and highlights opportunities for process improvement by quantifying cost reduction strategies.
“Our clients want advanced planning tools, and the ability to validate their plans against internal resources, to ensure that corporate goals are attainable,” said Scott Gamster, senior manager, Business Intelligence Practice, at Experio Solutions. “The combination of Hyperion Planning and Hyperion Business Modeling will provide clients a unique advantage in quickly developing plans via the Web, validating those plans and making necessary adjustments, and executing for maximum bottom line impact.”
Hyperion Planning 2.0 and Hyperion Business Modeling 2.0 are available now.
Hyperion, a global leader in business intelligence software, creates solutions that help businesses measure performance and drive profitability. Its flagship product, Hyperion Essbase, as well as its financial and business performance management and eCRM analysis solutions are used by more than 6,000 companies around the world. Hyperion has a network of more than 400 strategic partners to provide innovative business intelligence solutions, specialised applications and services.
Headquartered in Sunnyvale, California, Hyperion reported annual revenues in fiscal 2001 of more than 0 million. The company has more than 2,300 employees in 20 countries and is also represented in 16 other countries through distributor relationships. For more information, please visit http://www.hyperion.com/uk, e-mail email@example.com or call 01784 228000
Safe Harbor Statement
Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business intelligence software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 20, 2001. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
Hyperion, the Hyperion “H” logo, and Essbase are registered trademarks and Hyperion Planning, Hyperion Business Modeling, and Hyperion Solutions are trademarks of Hyperion Solutions Corporation. All other trademarks and company names are the property of their respective owners.
Copyright 2001 Hyperion Solutions Corporation. All rights reserved.
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