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HYPERION CUSTOMERS GAIN VALUABLE BUSINESS INSIGHT WITH MANAGEMENT DASHBOARDS
Hyperion Reaches Critical Mass with Thousands of Customers Using
Management Dashboards for Intuitive, Visual Data Analysis
LAS VEGAS—HYPERION SOLUTIONS 2003 CONFERENCE—May 5, 2003—Today at its annual Solutions user conference, Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, announced that thousands of its customers have adopted Hyperion Essbase XTD and Hyperion Analyzer to build management dashboards that will help them drive alignment and accountability across their organizations. With the increased emphasis on performance accountability and regulatory compliance issues, organizations are relying on real-time, intuitive management dashboards to help everyone—from the management team to individual employees—keep a finger on the pulse of their financial and operational performance.
“The dynamic of organizational accountability has shifted from a handful of senior executives monitoring business activity to companywide performance accountability,” said Nazhin Zarghamee, chief marketing officer for Hyperion. “As a result, more individuals need access to real-time, actionable information. Management dashboards provide a single, customized view of relevant information, empowering individuals to make strategic and operational decisions based on consistent and accurate information.”
A core component of the Hyperion Business Performance Management solution, Hyperion Essbase XTD business intelligence platform and Hyperion Analyzer serve as the foundation for management dashboards. Hyperion Analyzer offers a simple, yet powerful tool for creating comprehensive, Web-based, graphical management dashboards that track key performance indicators and other important metrics such as sales analysis by geography, product profitability and inventory management and control data.
Hyperion also offers integrated scorecarding and dashboarding functionality, which allows users to drill-down into dashboard information to view scorecard data, including variances, underlying trends and actionable initiatives with specific owners. For example, if a particular business unit is responsible for ensuring operating expenses are at 10 percent, but operating expenses come in at 25 percent, individuals can drill down into the data to gain additional insight and create actionable goals that align the business unit and drive towards the 10 percent target.
Real-Time Information Used to Monitor Work Schedules and Reduce Labor Costs
By putting together better analytical reports with Hyperion software, Cashman Equipment is monitoring costs more closely. It is developing key performance indicators, isolating them into specific time units and delivering them to the people responsible for those reports. For example, the company is keeping a much closer track on inventory, and the finance department has developed into more of a strategic business partner – even with reduced headcount. Half as many people are producing information, and supervisors are directed to retrieve the information themselves.
Information generated by Hyperion Essbase has helped the company to schedule work and monitor progress on repair jobs, decreasing overtime, one of its KPIs. Hyperion Essbase is also used to monitor employees by job function. It is an efficient evaluation tool for Cashman Equipment’s service supervisors. That way, an apprentice is performing a routine oil change rather than a certified senior technician, who is at the top of the wage earning scale.
“While many organizations have a difficult time getting the most out of their analytic applications, we have been able to make significant business decisions based on the information that our management dashboards provide us,” said Bill Glassen, director of information technology at Cashman. “The ability to have daily insight to help us plan more accurately and act immediately is key to our success in this difficult economy.”
“Hyperion’s technology has allowed us to build management dashboards that provide our customers with the valuable insight they require to make significant business decisions in real time,” said Gustavo Baffi of BPD Solutions, a leading Hyperion partner.
The Hyperion Annual Solutions User Conference is being held at the Venetian Hotel in Las Vegas, Nevada from May 4 through May 7, 2003.
Hyperion is the global leader in Business Performance Management software that enables companies to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. More than 6,000 customers worldwide use Hyperion's Business Performance Management family of packaged and tailored applications and its leading business intelligence platform. Hyperion has a network of more than 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 2,100 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 www.hyperion.com/uk, e-mail email@example.com or call 01784 228015.
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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 t
he company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on September 25, 2002 and the Report on Form 10-Q filed on February 7, 2003. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
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