FOR IMMEDIATE RELEASE
Tel: (020) 8762 9292
ONE THOUSANDTH CUSTOMER ADOPTS HYPERION PLANNING, MARKS MILESTONE FOR PERFORMANCE MANAGEMENT APPLICATIONS
Hyperion Planning Links Planning, Budgeting and Forecasting for Enhanced Business Agility
SANTA CLARA, Calif., June 27, 2005 – Hyperion (NASDAQ: HYSL), the global leader in Business Performance Management software, today announced that its one thousandth customer has adopted Hyperion Planning application. The one thousandth customer highlights Hyperion’s leadership and is an important milestone in the adoption of planning applications that bring the benefits of planning, budgeting and rolling forecasts to the enterprise.
“This milestone represents a benchmark for the adoption of planning applications across the enterprise and for the entire software industry,” said Rich Clayton, vice president of product marketing for Hyperion. “As companies outgrow their reliance on spreadsheets and face the need for more sophisticated planning, budgeting and forecasting methods, they increasingly recognise the value of a solution that links these processes together and integrates with their core business systems across the enterprise. We’ve been able to build on the rich twenty-year heritage of our expertise in financial applications to be the leader in delivering this type of integrated, collaborative planning solution.”
A centralised, Web-based planning, budgeting and forecasting solution, Hyperion Planning drives event-based planning processes throughout the enterprise for a wide range of financial and operational needs. With Hyperion Planning, companies can move from static budgeting to a dynamic planning process that provides better foresight into the future and enhanced business agility.
According to research firm Forrester, the market for financial planning and budgeting applications is expected to increase from $330 million in license revenues worldwide to $565 million in 2008. In the January 2005 Forrester market overview report, Financial Planning And Budgeting Applications, Paul Hamerman, vice president, further states that, “35% of the companies will invest in financial planning, budgeting and forecasting applications within the next twelve months. This trend is driven by two primary factors: 1) the need to automate existing processes by replacing spreadsheets with enterprise-class data management and collaboration capabilities; and 2) the need to innovate forward-looking financial processes for better management, agility and control.”
Hyperion Planning is being used across many markets, including financial services, education, healthcare, automotive and manufacturing. Growing healthcare system provider Mission Hospitals, for example, uses Hyperion Planning for detailed budgeting and operations analysis. The North Carolina company selected the Hyperion solution to automate its budgeting process so that it could track daily revenue and usage data against budget. “We needed to automate the budget process and consolidate reporting on one software package,” said Donna Stringer, financial analyst for Mission Hospitals. “We used a hard copy process in the past, which meant lots of paper, losing information, and having numbers that didn’t tie in. Now those problems have gone away. Hyperion Planning is a success in our hospital.”
Another Hyperion Planning customer, leading diversified financial services company Fifth Third Bank, uses the software to achieve a more sophisticated financial planning process. “Our organisation is growing quickly in terms of both revenue and people,” said Bret Furtwengler, vice president of financial systems at Fifth Third Bank. “Hyperion Planning helps us handle the complex financial planning that comes with growth by providing more control and visibility into the details and drivers of our plans. It gives us the details behind the numbers.”
California’s largest university, UCLA, has also experienced success with Hyperion Planning. The renowned educational institution has replaced the use of multiple spreadsheets in its budget and planning operations with Hyperion Planning’s automated system, enabling the school to align budgetary and strategic planning information with actual expenditures for improved budgeting and expense management. “Hyperion Planning has been a strategic element in our ongoing efforts to streamline and improve our budget and evaluation process,” said Glyn Davies, assistant vice chancellor, Academic Planning and Budget at UCLA. “We use Hyperion software to help improve the coordination of information and thus enable campus leadership to better assess the progress and success of our plans.”
Additional customer success stories and case studies across geographies and industries can be found in the customer success page on the Hyperion web site at www.hyperion.com.
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 specialised 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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