LONDON, UK – February 3rd, 2003 – NRG Group, the leading European provider of Total Document Solutions, with an annual turnover of some 1.3 billion Euros, has purchased technology solutions from Hyperion, (Nasdaq: HYSL) a global leader in business performance management software, to support the future development of its management and financial reporting capabilities.
The NRG Group, through its three core sales brands Nashuatec, Rex Rotary and Gestetner, provides cutting edge, IT based hardware and software solutions for the document management cycle. Together with reliable support and consultancy these provide its customers with the optimal solution to their needs.
NRG operates in Europe, the Middle East, Africa, the Indian sub-continent, CIS and Russia. It employs 7,400 dedicated employees, serving customers through 20 fully owned operations in 15 countries and through its distributor partners in many more.
According to Alan Schmidt, Group Financial Controller at NRG Group: “We were looking for a web-enabled financial reporting solution that would allow us to broaden the analysis and use of financial information throughout the organisation. In order to gain greater efficiencies in the reporting process for our operating companies and head office, we needed one system upon which everything would be based. We wanted to be able to have one version of the truth, and for our users to spend more time analysing information rather than trying to find and verify it. We chose Hyperion Financial Management and Hyperion Analyzer because they provide us with a system solution geared towards improving not only our financial reporting processes, but also the flexibility to scale for the future.
Continues Schmidt: “By moving to the latest technology software solution from Hyperion, we will gain other benefits. We previously used a variety of separate systems for management and statutory reporting. Now we will be able to carry out all processes through the same single application and save time. The fact that the Hyperion solution is Web-based also means we will have greater flexibility in providing access to key information not just to our finance personnel but also those in other parts of the business including senior management and marketing.”
About NRG Group
The NRG Group http://www.nrg-group.com is the leading European provider of Total Document Solutions. Through its three core sales brands: Nashuatec, Rex Rotary and Gestetner, it provides cutting edge, IT based hardware and software solutions for the document management cycle. Together with reliable support and consultancy these provide its customers' with the optimal solution to their needs.
NRG operates in Europe, the Middle East, Africa, the Indian sub-continent, CIS and Russia. It employs 7,400 dedicated employees, serving customers through 20 fully owned operations in 15 countries and through its distributor partners in many more. In 2001, the group had an annual turnover of some 1.3 billion Euros
NRG is a wholly owned subsidiary of Ricoh Company Limited, one of the world's leading manufacturers of office automation equipment. Employing over 74,000 people in 390 subsidiaries world-wide, Ricoh had an annual turnover of $12 billion in 2001. Its customers have direct access to the technological benefits arising from Ricoh's industry-leading research and development activities, with 14 dedicated Research and Development centres and 25 manufacturing plants across the world.
Hyperion, the 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 performance management 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, organizational, customer relationship, supply chain and channel performance management. Hyperion has a network of over 330 partners to provide innovative and specialized business performance management solutions and services.
Headquartered in Sunnyvale, California, Hyperion generated annual revenues of $492 million in fiscal 2002. The company employs more than 2,200 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,
or call 01784 228015.
Hyperion, the Hyperion “H” logo 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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