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Drives Profitability by Improving Strategic Decision-making
EGHAM, UK, April 24, 2002 – Hyperion (Nasdaq: HYSL), a global leader in business performance management, today announced that Cap Gemini Ernst & Young U.S. LLC, a leading IT services and management consultancy, is using Hyperion’s business performance management solution as a core technology for Cap Gemini Ernst & Young’s program for optimising client decision-making and financial management processes. The Cap Gemini Ernst & Young methodology, adopted by leading companies including Textron, is a holistic approach to improving a company’s bottom line by establishing key performance measures, aligning plans, budgets, forecasts and actuals across the enterprise, analysing the financial dynamics that drive profitability and distributing the results widely for timely action.
Hyperion made the announcement at its Solutions 2002 user conference, believed to be the largest single gathering of business performance management users and experts in the world.
“Together, Hyperion and Cap Gemini Ernst & Young are addressing the burning issues facing today’s CFOs,” said John Pierson, vice president of worldwide channels at Hyperion. “Using Hyperion’s business performance management solution, Cap Gemini Ernst & Young’s methodology helps CFOs develop and execute a plan for transforming their key financial management processes— including planning, budgeting, forecasting, analysis and reporting—from static and compartmentalised to dynamic and pervasive. As a result, CFOs have the tools to improve their companies’ financial performance and increase the strategic value of finance within the enterprise.”
Many finance organisations continue to conduct financial management according to a set of separate and unrelated processes, making it difficult for them to put the company’s strategies into action in the form of tactics and operations and to provide visibility into the business dynamics affecting company performance. Cap Gemini Ernst & Young advocates that financial management use an integrated approach to optimising shareholder value, which is accommodated by Hyperion’s leading technology suite.
“At Textron, we're using more than half a dozen Hyperion products across finance,” said Larry Costello, director of finance information systems for Textron. “We operate in 41 countries around the world and generated US$12.3 billion in revenues last year. Our goal is to standardise across 296 general ledgers and almost 100 general ledger systems down to one COA and one consolidation system for one company. This will give us better information and make us a more efficient and effective finance organisation.”
“Hyperion’s solution aligns our philosophy that decision support processes and content should be centrally developed yet pervasively executed and deployed,” said Rich de Moll, vice president of financial solutions for Cap Gemini Ernst & Young. “It gives senior executives a quick grasp of the big picture and still can provide a staggering amount of financial detail and analysis, if that is what is required.”
Hyperion’s market-leading business performance management platform and applications are the technology engine that drives new levels of capabilities in strategic decision-making and financial management processes. For example, Hyperion Scorecard helps develop shareholder-value-based performance measures, while Hyperion Planning aids the planning, budgeting and forecasting stage of the program. Hyperion Financial Management monitors and reports on financial data, including profitability by product, customer, channel, geography, etc. The Hyperion Essbase XTD platform, provides sophisticated analysis of multiple dimensions of data from across the enterprise and “what-if” modelling of business drivers.
The result is improved business performance across the organisation. Consistent information aligns the organisation so that managers share an encompassing view of the enterprise and can proactively identify opportunities for growth and improved profitability. In addition, Hyperion’s business performance management solution accelerates the acquisition, dissemination and action taken on critical strategic information by increasing collaboration among decision-makers across the organisation.
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, analyse 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, organisational, customer relationship, supply chain and channel performance management. Hyperion has a network of more than 400 partners to provide innovative and specialised business performance management solutions and services.
Headquartered in Sunnyvale, California, Hyperion generated annual revenues of more than $500 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/UK, e-mail email@example.com or call 01784 228000.
The Cap Gemini Ernst & Young Group is one of the largest management and IT consulting organisations in the world. The company offers management and IT consulting services, systems integration and technology development, design and outsourcing capabilities on a global scale to help businesses continue to implement growth strategies and leverage technology in the new economy. The organisation employs some 56,500 people worldwide and reports 2001 global revenues of about 8.4 billion euros. More information about individual service lines, offices and research is available at http://www.cgey.com
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 revi!
ew 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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