BALtrans to Manage Growth Across Global Operations With Hyperion System 9; Leading Freight Forwarder in Asia Selects Hyperion for Enterprise-Wide Consolidation and Visibility into Performance.SANTA CLARA Santa Clara, city, Cuba Santa Clara (sän`tä klä`rä), city (1994 est. pop. 217,000), capital of Villa Clara prov., central Cuba. , Calif. -- Hyperion (Nasdaq:HYSL), the global leader in Business Performance Management software, today announced that BALtrans Holding Limited ("BALtrans" for "the Group": HKEx code: 562), a leading Asian-based freight forwarding and logistics company, will use Hyperion System 9 to gain operational and financial visibility into performance. "To support our continuous growth, we have had to address complex operational tasks such as intra- and extra-office transactions, enterprise-wide consolidation of multiple currencies and close to a hundred general ledgers General Ledger A company's accounting records. This formal ledger contains all the financial accounts and statements of a business. Notes: The ledger uses two columns: one records debits, the other has offsetting credits. , many of which come from subsidiaries using different systems," said Raymond Lee, chief information officer of BALtrans Holdings, Ltd. "After we evaluated a number of solutions, we found that Hyperion System 9 was the clear choice." Hyperion System 9, the industry's most comprehensive performance management solution, leverages the unique technology in its Foundation Services layer to integrate BI technologies and financial management applications into a single cohesive cohesive, n the capability to cohere or stick together to form a mass. system. For the first time, formerly disparate activities -- including management and production reporting, advanced analytics, financial reporting and consolidation, enterprise planning, scorecarding and strategic modeling -- are all accessible through the Hyperion System 9 workspace, the first personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. workspace for Business Performance Management. To manage its increasingly complex operations, BALtrans, a global freight forwarder An individual who, as a regular business, assembles and combines small shipments into one lot and takes the responsibility for the transportation of such property from the place of receipt to the place of destination. with more than 50 offices in over 30 countries, needed clear, current and accurate reporting that would enable it to produce business performance analysis, trend analysis, aging analysis and revenue analysis. The company selected Hyperion to meet those goals. With the Hyperion system in place, BALtrans expects to speed financial closure and the overall reporting process using the Hyperion System 9 single repository of consolidated information. The company will be able to analyze business dynamics to improve profitability and gain increased transparency into global business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . BALtrans also looks forward to having a sustainable compliance framework and reducing the cost involved in achieving compliance. About Hyperion Hyperion Solutions Hyperion Solutions Corporation is a business performance management software company, located in Santa Clara, California, USA. Many of its products are targeted at the Business Intelligence and Business performance management market. Corporation is the global leader in Business Performance Management software. More than 11,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organize and analyze it, then communicate it across the enterprise. Hyperion offers the industry's only Business Performance Management solution that integrates financial management applications with a business intelligence platform into a single system. Named one of the FORTUNE 100 Best Companies to Work For (2004), Hyperion serves global customers in 45 countries. A network of more than 600 partners provides the company's innovative and specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2005 and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Statements in this press release other than statements of historical fact are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. filed on August 31, 2005 and the report on Form 10-Q Form 10-Q See 10-Q. filed on May 10, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances. "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. |
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