Deregulation of Post Offices Leads To Need for Rolling Forecasts
– Hyperion Planning is the Answer
London, UK, March 6, 2002 – The deregulation of Europe’s post offices over the last few years has lead many of these organizations to review their budgeting, planning and forecasting processes, according to Hyperion (Nasdaq: HYSL). As a result, several have invested heavily in the new financial application software offerings, such as Hyperion Planning.
Alain Blanc, vice president of Hyperion’s EMEA region, said, “Deregulation of the post offices across Europe has caused them to think much more commercially. They now have to operate in a very competitive market and the only real way for them to grow is to win market share from post offices in other countries, or to take business away from parcel carriers and freight forwarders. Therefore they need much greater control over their financial plans, better forecasts and much faster budgeting cycles that can be continuously reviewed and updated.”
Hyperion Planning has been chosen by the post offices in France, Italy and Norway as the most effective system to support their new financial planning processes.
Klaus-Anders Nysteen, CFO Posten Norge Ba, said, “Posten Norge is with this (Hyperion Planning) investing further in Hyperion applications for our central reporting and planning tools. The goal is to have a speedy, streamlined and effective planning and reporting process that will give reliable information for strategic decisions. We believe this is what Hyperion's family of analytical applications will give us.”
As deregulation and commercial reality is forced on post offices across Europe each needs to respond with a flexible yet structured approach to its operational planning that links directly to its financial budgets. Hyperion Planning is rapidly emerging as the system of choice for European post offices.
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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