FOR IMMEDIATE RELEASE
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HYPERION APPLICATIONS SUITE 4 MAKES BUSINESS PERFORMANCE MANAGEMENT EASIER TO USE AND DEPLOY ACROSS THE ENTERPRISE
New Applications Promote Line Manager Collaboration; Enhanced User Interface and New MS Office Front-End Improve Productivity
New Workforce Planning Module Supports Headcount and Salary Planning — Often Largest Budget Element
NEW ORLEANS and SANTA CLARA, Calif., April 11, 2005 – Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced the introduction of Hyperion Applications Suite 4, the broadest, richest suite of performance management applications available. Designed to make Business Performance Management easy-to-use and deploy across the enterprise, the suite delivers a unified environment for enterprise planning, reporting and analysis with seamless integration and navigation across applications. By enabling greater enterprise collaboration, the enhanced Hyperion applications enable organizations to forecast and report with confidence, achieve strategic alignment, financial control and regulatory compliance.
The announcement was made at Solutions 2005, Hyperion’s global Business Performance Management conference, taking place in New Orleans April 10-13.
“Hyperion Applications Suite 4 addresses the frustrations companies face in attempting to link management processes with spreadsheets and tools with differing interfaces, limited information sharing and lack of process flow,” said Rich Clayton, vice president of product marketing for Hyperion. “Applications Suite 4 provides the common look and feel, common reporting and analysis tools, and a single point of maintenance and administration that decreases training costs, increases user adoption and promotes line manager participation. As a result of greater performance visibility, companies are able to fulfill the promise of Business Performance Management through more informed decision-making, faster time to compliance and increased productivity—all leading to breakthrough performance.”
“Many companies have taken a single pain-point approach to business performance management such as planning, scorecarding or financial consolidations,” said Lee Geishecker, research vice president with Gartner. “Moving forward, we recommend they evaluate the entire performance management framework and associated software components up front, even if companies start out deploying software for only a single management process. People need to realize that mixing and matching different software technologies could be a costly exercise requiring extensive integration.”
“Enterprises no longer need to take a piecemeal approach to Business Performance Management,” added Clayton. “With a complete suite of easy-to-use applications, companies can rely on Hyperion Applications Suite 4 to achieve a higher return on investment and lower cost of ownership versus stand-alone point solutions.”
According to research firm IDC, the market for financial/business performance management analytic applications is expected to increase from $1.2 billion in 2003 to $2.1 billion in 2008. The July 2004 IDC market analysis report further states that, “companies serious about financial/BPM initiatives will see increasing value in a suite of products.”
“The ease of use and new planning and reporting features of Applications Suite 4 will provide even greater visibility and predictability across our enterprise,” said Dag Frigstad, system manager for Telenor ASA. “The enhancements to Hyperion Applications Suite 4 will allow us to engage more line managers in our planning and reporting processes, improve the quality of decision-making and increase our ability to meet corporate goals and objectives.”
Enhanced User Interface and New Microsoft Office Front-End
Hyperion Applications Suite 4 features a common, task-oriented user interface, as well as the new Hyperion Smart View™ for Office that utilizes the Microsoft Office environment and provides a single Excel spreadsheet front-end that users can leverage to read, write and interact with multiple Hyperion products. It also takes advantage of the new Smart Tag features within Microsoft Office to provide integration with other Microsoft Office applications such as Microsoft Word and Microsoft PowerPoint. In addition to its reporting capabilities, Smart View™ provides the flexibility to plan offline allowing users to download a planning form, develop budgets in Excel, and then synchronize when re-connected.
“The integration of the Hyperion Applications Suite 4 into the entire Microsoft Office suite will enhance the efficiency of our external reporting processes,” said Bret Furtwengler, vice president, financial systems for Fifth Third Bancorp. “And the Smart View™ for Microsoft Office will dramatically simplify data analysis, enabling our users to spend less time developing ad-hoc reporting and more time on understanding the data.”
For the past three years, Fifth Third has been rated the top superregional bank in America by Fortune magazine and recognized for its strength in innovation, employee talent, social responsibility, financial soundness, long-term investment value, use of corporate assets, quality of management and quality of products and services.
Applications Suite Improves Enterprise-Wide Planning, Introduces Workforce Planning Module
With Hyperion Applications Suite 4 and enhancements in Hyperion Planning companies gain the ability to plan across the enterprise to align strategy, capital and workforce. New features in the enterprise planning solution include enhanced financial modeling and new scorecard strategy maps as well as the “Smart Task List” which is designed to walk any user, financial or non-financial, through a planning process.
“AutoTrader.com is growing extremely fast, and we need our financial planning and forecasting capability to grow with us. Hyperion Planning gives us the tools to drive planning awareness and responsibility deeper into the organization so we can better plan for our high growth,” said Dan Crowe, chief information officer for AutoTrader.com.
The new Workforce Planning module provides a packaged solution for employee-level salary and compensation planning and analysis. Workforce Planning can be deployed across the enterprise to all business functions and operating units to capture detailed headcount and compensation planning information, provide more control over compensation expenses and drive more budget accountability.
“Wachovia’s purchase of the new Workforce Planning Module is part of our ongoing strategy to replace outdated tools with Web solutions to more effectively integrate our analysis, reporting and salary planning systems,” said Greg Thompson, finance division SVP for Wachovia Corporation.
Companies no longer have to rely on disparate spreadsheets or custom applications to plan, monitor and analyze workforce expenses, frequently the largest expense budget item. Workforce Planning works seamlessly as part of the Hyperion planning environment. As a result, changes or events from a workforce perspective are immediately reflected in the main financial statements of the company and their impact is immediately visible.
“Since a majority of our customers utilize employee level salary planning, it is crucial that they have the ability to access the appropriate employee data for easy planning,” said Robin Ranzal Knowles, president, Ranzal & Associates. “With the new Workforce Planning module, customers now have the ability to leverage the necessary employee attributes in order to easily plan at the required level of detail. It also empowers them to add new employees on the fly via the Web seamlessly which is a key component to headcount planning.”
Applications Suite Also Addresses Compliance Concerns
Hyperion Applications Suite 4 also addresses the need for corporate transparency to address regulatory compliance issues. New features are aimed at improving financial control and reducing the cost of compliance. Hyperion Financial Management includes compliance-related enhancements such as a new intercompany detail module, enhanced process controls and automation, improved audit trails and document links.
The release of Hyperion Applications Suite 4 underscores the company’s commitment to helping enterprises achieve widespread Business Performance Management benefits. Hyperion Applications Suite 4 includes:
· Hyperion Financial Management
· Hyperion Planning
· Hyperion Strategic Finance
· Hyperion Performance Scorecard
· Hyperion Business Modeling
· Compliance Management Dashboard
· And the new Workforce Planning Module
“Hyperion has done an impressive job creating an integrated suite of Business Performance Management applications with the release of Applications Suite 4,” said Arthur Forbus, senior director, Answerthink. “The consistent user interface, common reporting tools, and strong integration will make this a great tool for use with clients hoping to standardize on a single software vendor for all planning, reporting and performance management needs. With Applications Suite 4, and our ability to integrate Hackett-CertifiedSM Practices, we can help clients enhance their efficiency and effectiveness through better management collaboration, decision-making, and resource optimization. That’s the bottom line.”
Hyperion Applications Suite 4 is available now.
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 services.
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/uk, e-mail firstname.lastname@example.org or call 01784 228015.
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