Hyperion (NASDAQ:HYSL)
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To meet their business performance and financial management
requirements, banking institutions around the world are using banking
solutions from Hyperion (Nasdaq Global Select: HYSL), the global leader
in Business Performance Management (BPM) software. Over 90 percent of
companies within the commercial banking segment of the Fortune 1000 and
many leading EU banking institutions use Hyperion BPM solutions to
improve performance throughout their organizations. Customers rely on
Hyperion to drive collaborative and integrated event-based planning
processes, monitor credit risk more effectively and improve branch
operational performance.
Market and competitive challenges remain high for banking companies due
to ongoing consolidation and economic difficulties, ever-increasing
levels of regulation and a demanding customer base. Banks face continued
pressure to focus on core business strategy, operational efficiencies
and customer relationships, with the overarching directive to tightly
align technology investments with business needs.
Hyperion provides banking institutions with solutions that support their
performance management vision and meet the global management reporting
challenges of their distinct lines of business. Hyperion’s
banking solutions currently in use by many global customers address a
variety of BPM needs, including balance sheet planning, corporate credit
portfolio analytics and retail branch performance.
Hyperion Planning
Fifth Third Bank, one of the largest banks in the U.S. with nearly $106
billion in assets, is gaining a strategic competitive advantage from
Hyperion’s BPM solutions. Fifth Third uses
Hyperion Planning to support its bank-wide financial planning and
forecasting processes while providing the balance sheet drivers behind
the forecast and plan at corporate and divisional levels.
Fifth Third’s strategic needs, manifested by
its reengineered planning and forecasting mechanisms, included a
solution that would support the bank’s growth
plans – specifically driven by acquired assets
and people. Previously, finance selected the key metrics at the
corporate level and then created its own top level forecast. These high
level forecasts failed to provide enough detail or the relevant insights
necessary to drive the business and forecast with confidence down
through the lines of business. In addition, it was extremely difficult
to analyze and compare the sales structure, the respective banking
centers, or affiliates.
“Forecast review conversations were quite
lengthy, with too much time spent talking about the validity of the
numbers and not the strategy; it was difficult to forecast performance
of functional areas and affiliate performance in an integrated fashion,”
said Bret Furtwengler, vice president of financial systems at Fifth
Third. “Hyperion Planning allows Fifth Third
to monitor, manage and hold people accountable to business plans down to
the individual banking center level, and to better understand variances
to plan and forecast through the incorporated business drivers at the
divisional, or line of business, level.”
Fifth Third’s ultimate goal is to deliver
more granular data to each of its operating divisions, providing
actionable feedback to both line of business and financial users.
Hyperion Planning now provides a robust platform for sustainable,
measurable and corrective actions that supports the management of
meaningful data across the bank and serves as the underpinning for the
critical conversations that move Fifth Third’s
business forward.
Hyperion Corporate Credit
The Hyperion corporate credit solution, a powerful credit modeling and
reporting solution, is also used by many customers to quickly assess the
full financial impact of various portfolio strategies. Rather than
spending valuable time building and maintaining spreadsheet modeling
tools, Hyperion’s corporate credit solution
delivers packaged financial modeling and forecasting. This allows
banking customers to invest time evaluating lending strategies,
investigating contingency plans and understanding the impact of these
strategies and plans on the long-term investment performance of various
divisions. Hyperion’s corporate credit
solution allows organizations to produce financial models with integrity
and transparency to minimize risk and create efficiencies.
Hyperion Branch Performance
The branch performance management solution from Hyperion helps retail
banks efficiently target products and services and measure the
effectiveness and impact of each product on branch performance. Hyperion
branch performance management enables retail banks to better understand
the true costs to deliver a product and the contribution each product
makes to the branch. Using this information, banks can make strategic
decisions that impact both profitability and workforce capacity. By
assessing and better understanding the performance of specific customer
segments and related offers, retail banks can continually offer tailored
products and services by customer segment, grow assets under management,
develop best practices across their entire network and increase market
share.
For more information on Hyperion software-based solutions for banking,
visit: http://www.hyperion.com/solutions/industry_solutions/
financial_services/. (Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove the
extra space if one exists.)
About Hyperion
Hyperion Solutions
Corporation (Nasdaq Global Select: HYSL) is the global leader in Business
Performance Management software. More than 12,000 customers in 90
countries rely on Hyperion both for insight into current business
performance and to drive performance improvement. With Hyperion
software, businesses collect, analyze and share data across the
organization, linking strategies to plans and monitoring execution
against goals. Hyperion integrates financial
management applications with a business
intelligence platform into a single management
system for the global enterprise. For more information, contact
us at http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US.
“Hyperion”
and Hyperion’s product names are trademarks
of Hyperion. References to other companies and their products use
trademarks owned by the respective companies and are for reference
purpose only.
Safe Harbor Statement
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 the company's filings with
the Securities and Exchange Commission, including the Report on Form
10-K filed on September 1, 2006 and the Report on Form 10-Q filed
on February 8, 2007. The company does not undertake an obligation to
update its forward-looking statements to reflect future events or
circumstances.