Comprehensive Solution to Measuring Performance and Driving Profitability
Across the Enterprise
Tel: (020) 8762 9292
EGHAM, UK, April 22, 2002 - Hyperion (Nasdaq: HYSL), a global leader in
business performance management, unveiled its Business Performance
Management Suite, a comprehensive solution for measuring performance and
driving profitability across the enterprise.
Hyperion made the announcement today at its Solutions 2002 user
conference, Orlando, Florida, believed to be the largest single gathering
of business performance management users and experts in the world.
"Today's business environment demands corporate accountability," said
Nazhin Zarghamee, chief marketing officer at Hyperion. "This requires a
level of business visibility that can only be achieved if companies
maintain a true sense of the financial impact of their business
activities. Business performance management bridges financial performance
and business activity performance."
Hyperion's Business Performance Management Suite is designed to help
companies manage through extraordinary complexity by enabling managers to
continually measure performance, anticipate results and drive
profitability across key business activities. Hyperion's Business
Performance Management Suite is based on an integrating platform, Hyperion
Essbase XTD, that combines management process with powerful business
applications to allow companies to set goals, plan targets and measure,
predict and report results in a collaborative way across an extended
enterprise. This comprehensive solution gives companies up-to-date
insight, as well as foresight, into their business to successfully manage
in demanding business and economic environments.
"Answerthink is helping companies use the Hyperion Business Performance
Management Suite to model, plan and, in effect, look into the future
through methodologies, metrics, processes and systems that monitor and
manage business performance across the enterprise," said Tom Hoblitzell,
managing director of business intelligence at Answerthink. "The solutions
we build with Hyperion make it possible for companies across verticals to
get aligned around critical business objectives and to anticipate
cultural, organizational and technological conditions so that
collaborative practices can flourish."
The Hyperion Business Performance Management Suite
Hyperion's Business Performance Management Suite is a set of packaged
applications, performance management frameworks and an integrating, open
business intelligence platform. It includes families of products that
address core business needs of the modern extended enterprise:
- Financial Performance Management extends core business performance
management across the entire spectrum of financial activities, including
budgeting, financial and business planning, cash management, consolidated
reporting and quarterly financial performance reporting. Financial
Performance Management is now available.
- Organizational Performance Management enables managers to direct
and coordinate organizational performance across core business activities
and across all functions inside and outside extended enterprises.
Examples include the definition of goals and performance metrics,
headcount planning, compensation planning and management, budget
management and evaluation of forecasted and actual performance measures.
Organizational Performance Management is now available.
- Customer Relationship Performance Management extends core business
performance management across all customer acquisition and retention
activities, such as customer segmentation, marketing activity planning,
call center planning and performance reporting. It will be based on a
technology framework, which when implemented with partners, will provide
visibility into customer profitability, lifetime customer value, customer
behavior and product profitability. Customer Relationship Performance
Management is scheduled for availability in late 2002.
- Supply Chain Performance Management enables managers to drive
performance across supply chain activities such as procurement,
manufacturing and inventory planning. It will be based on a technology
framework, which when implemented with partners, will provide visibility
into supplier performance, product quality and profitability, as well as
manufacturing productivity and profitability. Supply Chain Performance
Management is scheduled for availability in late 2002.
- Channel Performance Management enables alignment and drives the
optimal performance of the channel, through activities such as sales
target setting, sales plan management, territory planning and indirect
channel planning. It will be based on a technology framework, which when
implemented with partners, will provide visibility into channel
profitability, geographic performance, product profitability by channel or
geography and sales representative performance. Channel Performance
Management availability is scheduled for availability late in 2002.
With its Business Performance Management Suite, Hyperion is delivering
software solutions that go beyond conventional business analysis or
business intelligence tools deployed in the finance department and that
optimize the business management process across the entire enterprise.
"The addition of collaboration, modeling and scorecarding to a suite that
includes our best-of-breed financial analysis, reporting and consolidation
software is new and compelling. For the first time, a single software
company is delivering software solutions that empower all levels of an
enterprise to collaborate in setting goals and monitoring results of key
business activities - financial and operational - in order to predict
change and execute a response," said Zarghamee.
Hyperion's offerings for Customer Relationship Performance Management,
Supply Chain Performance Management and Channel Performance Management
will be optimized for quick deployment in concert with partners. They
will be based on a framework that includes business rules, key performance
indicators and domain knowledge provided by Hyperion partners as well as
integration with operational data sources.
Only From Hyperion
Zarghamee said that Hyperion is the only company offering an integrated
suite combining the business performance management process into a
seamless collaborative cycle that enables all business functions to engage
across an extended enterprise.
"Financial performance management is at the core of business performance
management. But we go beyond our best-of-breed financial applications to
integrate best practices and processes into our Business Performance
Management Suite. The result is that companies are able to realize a
continuous and accurate financial picture of their business based on
near-real-time information," said Zarghamee.
"The power of business performance management is in extending that
visibility to all operating units and in every corner of a company. With
Hyperion's Business Performance Management Suite, every application has
access to the same underlying information. So, rather than waiting days -
or even months - to get an outdated snapshot of business, customers will
get up-to-date information, served up continuously, so they can
proactively anticipate the next move."
The Hyperion Solution
In a related announcement, Hyperion introduced Hyperion Essbase XTD, the
company's open integrating business intelligence platform. Hyperion
Essbase XTD enables the development of rich, interoperable business
performance applications that can be scaled across the enterprise.
Hyperion's Financial Performance Management and Organizational Performance
Management families of applications leverage functionality found in
Hyperion Essbase XTD, such as relational and multidimensional analysis, as
well as query and reporting, to support core financial and organizational
performance management capabilities.
Hyperion, a global leader in business performance management software,
creates solutions that help companies measure performance and drive
profitability. Hyperion's Business Performance Management Suite of
packaged and tailored applications and its open, integrating business
intelligence platform, Hyperion Essbase XTD, enable companies to set
goals, model and plan performance, monitor and report key results, analyze
underlying business drivers and anticipate future performance of core
business activities. Hyperion products are used by more than 6,000
customers around the world to enable financial, organizational, customer
relationship, supply chain and channel performance management. Hyperion
has a network of more than 400 partners to provide innovative and
specialized business performance management solutions and services.
Headquartered in Sunnyvale, California, Hyperion generated annual revenues
of more than 0 million in fiscal 2001. The company employs more than
2,300 people in 20 countries and is represented in 16 additional countries
through distributor relationships. Hyperion is traded under the Nasdaq
symbol HYSL. For more information, please visit http://www.hyperion.com,
http://www.hyperion.com/contactus or call 800-286-8000 (U.S. only).
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 performance management 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 14, 2001 and the Report on Form 10-Q filed on February
13, 2002. The company does not undertake an obligation to update its
forward-looking statements to reflect future events or circumstances.
Hyperion and Essbase are registered trademarks and Hyperion Solutions is a
trademark of Hyperion Solutions Corporation. All other trademarks and
company names mentioned are the property of their respective owners.
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