Hyperion (NASDAQ:HYSL)
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More than 1,000 organizations have tightened their control over
financial closing, reporting, and regulatory compliance processes with
help from Hyperion Financial Management software, the acclaimed
application from Hyperion (Nasdaq Global Select:HYSL), the global leader
in Business Performance Management (BPM) software.
Hyperion announced today that it had surpassed 1,000 Hyperion Financial
Management customers, a milestone that confirms Hyperion’s
market leadership in consolidation and reporting. The news also points
to a growing trend among organizations worldwide to implement proven
reporting and consolidation systems in the wake of regulatory
requirements.
“Sarbanes-Oxley compliance is an enormous
challenge for most businesses – and the larger
the business, the more challenging it becomes,”
said Ken Kordana, internal reporting manager for The Stanley Works, an
S&P 500 company with estimated 2006 revenues of $4 billion and a
worldwide supplier of consumer products, industrial tools and security
solutions for professional, commercial, industrial and consumer use.
After originally implementing Hyperion Enterprise software, The Stanley
Works deployed Hyperion Financial Management to take additional control
over its reporting and consolidation processes. “Moving
to Hyperion Financial Management was a quantum leap that not only
allowed us to implement checks and balances in our financial reporting,
but it also provided our hundreds of end users with necessary
information right at their fingertips. Every day, Hyperion helps us make
decisions faster and more efficiently.”
Many organizations also have implemented Hyperion Financial Management
to streamline financial processes only to follow with additional
Hyperion BPM and business intelligence solutions to improve business
performance in other parts of the enterprise.
“With Hyperion Financial Management software,
we have moved from a decentralized legacy environment to a
user-friendly, centralized system that has enabled a faster close, more
transparent access to information from over 60 countries, and a
standardized process for financial reporting which is compliant to all
the current regulatory requirements,” said
Noel Gorvett, group business systems manager for Pearson PLC, an
international media company with world-leading businesses in education
(Pearson Education), business information (Financial Times) and consumer
publishing (Penguin). After first implementing Hyperion Financial
Management, the company added Hyperion Planning software, and plans to
migrate to Hyperion System 9 in 2007 in an effort to automate not only
the company’s financial processes, but its
operations as well. “With Hyperion, our users
can be confident that once they have submitted their data, it is secure,
it’s transparent, and it’s
not going to change without their approval.”
Available today as an application within the Hyperion System 9 BPM
platform, Hyperion Financial Management is a comprehensive, Web-based
financial systems software application that delivers global collection
reporting and analysis in a single, highly scalable financial management
software solution. Many Hyperion customers have implemented Hyperion
Financial Management software to gain control of their financial
information and help senior managers become more confident when
certifying their annual and quarterly financial results, including
disclosure controls and procedures. Although the solution utilizes
today's most advanced technology, is built to be owned and maintained by
the enterprise's finance team. And by implementing Hyperion System 9 BI+
software, enterprises gain a single, comprehensive business intelligence
platform with the industry's broadest range of management reporting and
analysis capabilities.
“Hyperion Financial Management has emerged as
an essential element of the management system for the global enterprise,”
said Rich Clayton, vice president of product marketing for Hyperion. “The
proof can be found in enterprises around the world, where Hyperion
Financial Management underpins strategic corporate initiatives to gain
greater internal control over financial data while reducing the cost of
compliance and providing timely insight to financial performance to
internal and external stakeholders. As today’s
announcement attests, that value has led to some very long-lasting
relationships with Hyperion customers, and is delivering more value to
more customers than ever before.”
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.