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- allows companies to better manage intangible assets
contributing to shareholder value -
December 11th, 2000 - Hyperion (Nasdaq: HYSL), a leader in business analysis software, has announced a unique programme that leverages Arthur Andersen's leadership in performance management consulting to deliver improved effectiveness for a company to create and realise value, together with Hyperion Performance Scorecard, an enterprise-class, methodology independent software solution for performance management.
With the use of Arthur Andersen's cutting-edge principles of value creation, Hyperion is the first software provider to align its scorecard solution with Arthur Andersen's Value DynamicsÒ framework. This approach allows companies to measure and track their ability to manage the intangible assets that contribute to shareholder value.
Arthur Andersen's Value Dynamics framework, published in the firm's recently released book Cracking the Value Code: How Successful Businesses Are Creating Wealth in the New Economy, differentiates the firm from other consultants who continue to use methods that focus only on tangible assets. The Value Dynamics framework provides a context for viewing the ways that organizations create value by combining and recombining different types of assets; asset categories include financial, physical, organisation, customer, and employee and supplier.
"The Value Dynamics framework is an innovative business concept for understanding tangible and intangible assets that drive value in the marketplace," said Mark Miller, partner in Arthur Andersen's performance management practice. "As companies build their strategies around asset?driven business models, it is imperative that their measurement systems reflect these strategies."
Forty percent of Fortune 100 organizations will implement scorecards by the year 2001 according to a recent study by the Gartner Group. Hyperion Performance Scorecard allows users to transform their strategic vision into concrete goals and their objectives into critical success factors and actions. The web-enabled Hyperion Performance Scorecard also allows fast, easy enterprise-wide deployment to create a strategy-focused organization.
"Progressive companies rely on scorecards to track performance and link actions to objectives. Hyperion's Performance Scorecard goes one step further by enabling companies to establish accountability for those actions," said Eileen Garry, general manager and vice-president of performance management at Hyperion. "Hyperion Performance Scorecard's flexible framework allows customization among methodologies, industries and organizations."
Hyperion Performance Scorecard is currently available running on Microsoft Windows 95, Windows 98 and Windows NT environments and supports Hyperion Essbase OLAP server, Microsoft SQL Server, Oracle, IBM DB2 and Microsoft Access databases.
Hyperion (Nasdaq: HYSL) is a leader in business analysis software. Hyperion helps business leaders plan, manage and execute on strategies by analyzing information on e-business initiatives, supply chain execution, customers, operations and finance. The company's market-leading OLAP (online analytical processing) technology, packaged business analysis applications and tools are used by 6,000 organizations worldwide, including more than 60 of the Fortune 100 and more than 40 of the Financial Times European Top 100. In addition, 400 Hyperion alliance partners deliver technology, applications and services to increase the flexibility and choice for customers. Headquartered in Sunnyvale, California, the company has offices in 26 countries. More information is available at http://www.hyperion.com
About Arthur Andersen
Arthur Andersen's vision is to be the partner for success in the new economy. The organization helps clients find new ways to create, manage and measure value in the rapidly changing global economy. With world-class skills in Assurance, Tax Services, Consulting and Corporate Finance, Arthur Andersen has more than 70,000 professionals in over 80 countries that are united by a single worldwide operating structure that fosters inventiveness, knowledge sharing and a focus on client success. Since its beginning in 1913, Arthur Andersen has realized 86 years of uninterrupted growth, with 1999 revenues over US$7 billion. Arthur Andersen is a business unit of Andersen Worldwide.
Hyperion and Essbase are registered trademarks and Hyperion Solutions is a trademark of Hyperion Solutions Corporation. All other trademarks or registered trademarks are the property of their respective owners.
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