FOR IMMEDIATE RELEASE
Tel: (020) 8762 9292
HONDA MOTOR EUROPE GETS MOTORING WITH HYPERION
… rapid implementation to support greatly improved budgeting and forecasting
LONDON, UK – 29th March, 2005 – The European head office of Honda Motor Co. Ltd., one of world’s leading manufacturers of automobiles and the largest manufacturer of motorcycles in the world, has invested in technology solutions from Hyperion, (Nasdaq: HYSL) the global leader in Business
Performance Management software, for its financial budgeting process.
According to Andy Smith, Systems Development Manager at Honda Motor Europe: “Our budget was previously represented in the form of an MS Excel spreadsheet. This contained the forecast for unit sales, revenue, cost-of-sales, gross profit, operating profit, other costs & expenses, and
profit before tax. However, due to the nature of the previous processes, we had never been able to budget as accurately, effectively and as quickly as we wanted. For example, we couldn’t compare actual sales performance results against budget easily. We therefore needed a solution to address the growing complexity of our budgeting process and to solve our inability to compare budget vs. actuals. Ultimately, the business needed to improve profit
Honda Motor Europe selected Hyperion Planning, a centralised, Web-based planning, budgeting and forecasting solution that drives collaborative, integrated, event-based planning processes throughout the enterprise for a
wide range of financial and operational needs. As an integral part of the Hyperion Business Performance Management suite, Hyperion Planning allows companies like Honda Motor Europe to track and monitor business plans and
forecasts, translating strategic objectives into operational goals and targets.
Concludes Smith: “The key benefit we expect to gain is the ability to generate more and better forecasting scenarios. Hyperion Planning should allow us to be more flexible than we ever could have been in MS Excel. We also chose Hyperion because we were working to very tight timescales. We
began the evaluation in June 2004 and needed a solution in place by November. Hyperion gave us the most confidence that they could deliver what we wanted in the timescale. Hyperion thoroughly demonstrated how much they understood our business. Not only this, but Hyperion Planning is an easy to
use and powerful tool. Another key factor was its flexibility. This is the first step in a longer term programme and we are confident that Hyperion Planning and Hyperion’s Essbase solution is future proofed to meet our needs going forward.”
Established in 1948, Honda Motor Co., Ltd., is one of today's leading manufacturers of automobiles and the largest manufacturer of motorcycles in the world. The Company is recognized internationally for its expertise and
leadership in developing and manufacturing a wide variety of products that incorporate Honda's highly efficient internal combustion engine
technologies, ranging from small general-purpose engines to specialty sports
cars. Approximately 17.2 million Honda products were sold worldwide during
the fiscal year ended March 31, 2004.
Throughout all of its operations – from product development and manufacture
to sales – Honda maintains a commitment to materialize the company's visions
of "value creation", "globalization" and "commitment to the future" with the
aim of sharing the joy with its customers worldwide, thus becoming a company
that society wants to exist.
Seeking to maximize customer satisfaction levels, it works together with
numerous business partners to supply Honda products to countries worldwide.
Integral in this effort is a global network of 441 subsidiaries and
affiliates (317 consolidated subsidiaries, 21 non-consolidated subsidiaries
and 103 affiliates).
Hyperion Solutions Corporation is the global leader in Business Performance
Management software. More than 10,000 customers – including 91 of the
Fortune 100 – rely on Hyperion software to translate strategies into plans,
monitor execution and provide insight to improve financial and operational
performance. Hyperion combines the most complete set of interoperable
applications with the leading Business Intelligence platform to support and
create Business Performance Management solutions. A network of more than
600 partners provides the company’s innovative and specialized solutions and
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion
employs approximately 2,500 people in 20 countries. Distributors represent
Hyperion in an additional 25 countries. Headquartered in Santa Clara,
California, Hyperion generated annual revenues of $622 million for the 12
months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol
HYSL. For more information, please visit www.hyperion.com
<http://www.hyperion.com> /uk, e-mail firstname.lastname@example.org or call 01784
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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 the company's filings with the Securities
and Exchange Commission, including the Report on Form 10-K filed on
September 13, 2004 and the report on Form 10-Q filed on February 9, 2005.
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