… allows faster financial consolidation and management reporting cycles for complex, global business…
LONDON, UK. February 7th, 2003 –Hyperion (Nasdaq: HYSL), the global leader in business performance management software, today announced that BNFL, a leader in the world nuclear energy industry, has expanded its investment in Hyperion technology, to provide even faster financial consolidation and management reporting cycles for an organisation now covering two business groups in 16 countries.
According to Craig Stirk, project manager at BNFL: “Today, we operate in 16 countries and employ more than 23,000 people serving both private and public sectors. With a complex and geographically diverse organisational structure, the speed and accuracy of our financial and management reporting is paramount. We also needed something that would be flexible enough to take account of future changes to our management and financial reporting requirements. Expanding our investment in Hyperion business performance management software was the ideal solution for our needs.”
According to Mike Shelton, Managing Director for Hyperion UK and Ireland: “BNFL is a complex global organisation that has a constant need to improve the speed and quality of its financial and management reporting ina rapidly changing environment. This is a good example of how Hyperion’s business performance management software can quickly adapt to changes in organisation structures resulting from reorganisations, acquisitions, and divestitures. Hyperion’s software has the ability to track changing organisation structures over time, thus enabling BNFL to monitor the effects of these reorganisations and model future changes with ease. Hyperion also allows BNFL to handle the detailed line of business information required for management reporting purposes while also meeting complex statutory and management reporting requirements. We see BNFL’s decision to increase its investment in Hyperion business performance management software as proof of our ability to deliver genuine business value to organisations in a tough economic climate.”
BNFL has many decades of experience in providing products and expertise to the global nuclear industry.
BNFL manufactures fuel, provides reactor services, generates electricity and offers spent fuel management capabilities. The company is at the leading edge in the decommissioning of nuclear plants and in cleaning up legacy wastes.
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, organisational, customer relationship, supply chain and channel performance management. Hyperion has a network of over 330 partners to provide innovative and specialised 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
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