CorVu Delivers Automated Balanced Scorecard and Performance Management Analytic Applications With Hyperion Essbase OLAP Server.
CorVu(TM)'s Automated Balanced Scorecard Analytic
Application and Hyperion Essbase Allows Customers
Analyze Business Performance
CorVu Corporation, the leading international provider of Business Intelligence, Performance Management and Balanced Scorecard applications today delivered a Balanced Scorecard analytic application integrated with Hyperion Essbase OLAP Server from Hyperion Solutions Corporation (Nasdaq:HYSL), a leading provider of analytic application software for reporting, analysis, modeling and planning.
Companies worldwide now have the ability to leverage the performance, scalability and analytical power of Hyperion Essbase with critical financial and business measures in CorVu's Balanced Scorecard solution to deliver the wide business performance view provided by a balanced scorecard application. The Balanced Scorecard methodology focuses on providing a broader view of a company's overall performance by integrating financial measures with other corporate indicators including customer satisfaction, company growth and innovation, and internal processes. While an estimated 60 percent of Fortune 500 customers already use balanced scorecards to track their business performance, only a small portion of those are automated balanced scorecard solutions. Demand for such solutions is growing rapidly.
"As a leader in providing Balanced Scorecard Solutions and Performance Management solutions, CorVu has been focused on providing our customers with a complete view of their company's performance," said Alan Missroon, CorVu's vice president of Marketing, "Integrating CorVu applications with Hyperion Essbase OLAP Server allows customers to leverage the value of information across the organization. It also provides an automated, enterprise solution for our customers to manage and improve their business performance."
"The integration of CorVu's performance measurement and balanced scorecard solutions with Hyperion Essbase OLAP Server is an important milestone in the rapidly growing market for analytic applications," said Steve Fioretti, director of Alliance Marketing at Hyperion Solutions. "Our combined solution leverages the analytical power of Hyperion Essbase with CorVu's comprehensive Balanced Scorecard methodology, delivering a compelling analytic application that helps customers drive business performance."
About the Balanced Scorecard
Dr. Robert Kaplan and Dr. David Norton introduced their business performance methodology called the Balanced Scorecard in their 1992 Harvard Business Review article, "The Balanced Scorecard - Measures that Drive Performance." This methodology focuses on a business's ability to track multiple key performance indicators (KPI's) simultaneously to gauge the performance of their strategic business plans. The balanced scorecard method recognizes four dimensions that are integral to developing an enterprise view of performance; financial, customer, internal and innovation. Creating a scorecard requires that a company translates their mission statement and strategy into specific goals and measurements. These goals and measurements are filtered throughout the entire organization for managers to use as they work toward their own goals.
About Hyperion Essbase OLAP Server
Hyperion Essbase(R) OLAP (online analytical processing) Server is a strategic analytical platform optimized for enterprise management reporting, analysis, and planning applications. It supports multi-user read/write access, large-scale data capacity, robust analytical calculations, and sophisticated OLAP queries. Hyperion Essbase provides intuitive multidimensional data navigation and consistent, rapid response times in network-centric computing environments.
Hyperion Essbase allows you to deliver OLAP applications directly from operational systems or within an overall enterprise data warehousing architecture. Within the data warehouse, Hyperion Essbase serves as a strategic information delivery layer which provides shared access and analysis of enterprise-wide data using standard desktop tools such as spreadsheets, report writers, query tools, and web browsers. Analytic applications implemented with Hyperion Essbase can include sales, marketing, and profitability analysis; EIS and reporting systems; financial consolidation; and budgeting, planning, and forecasting applications. Hyperion Essbase operates on Windows '95, Windows NT, OS/2, AS/400, HP-UX, IBM-AIX and Sun Solaris servers across all major networks connected to Windows, Macintosh, and UNIX clients, web browsers and network computers.
About CorVu Corporation
CorVu Corporation is a leading international provider of business performance management, balanced scorecard and business intelligence solution. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Washington D.C.; Australian offices in Sydney, Melbourne, Brisbane and Perth; and European offices in London and Rotterdam. With more than 2000 customers, including companies such as BHP, Datacard, Mincom, Prudential, Johnson & Johnson, Unisys and BF Goodrich, CorVu's Business Intelligence, Performance Management and Balanced Scorecard solutions are gaining broad market acceptance. Additional information on CorVu products and services can be found on CorVu's Web site at http://www.corvu.com or call (800) 610-0769.
EDITOR'S NOTE: CorVu is a trademark of CorVu Corporation. All other company and product names referenced herein are registered trademarks of their respective owners.
Hyperion is a registered trademark and Hyperion Solutions is a trademark of Hyperion Software Operations Inc., a wholly-owned subsidiary of Hyperion Solutions Corporation. Essbase is a registered trademark of Hyperion Solutions Corporation. Other company and product names are the trademarks of their respective companies.