Hyperion System 9 Steps Up to Meet Increased Demand for Integrated Business Performance Management; Customers Embrace Scalable Hyperion System 9 Solution.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. & LAS VEGAS Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. -- Hyperion (Nasdaq:HYSL), the global leader in Business Performance Management software, said today that a growing number of customers have turned to Hyperion System 9, the first system to combine finance management applications with a BI platform to enable a more detailed understanding of business performance. The company made its comments at its global Business Performance Management conference, Solutions 2006, taking place in Las Vegas April 23 through April 26. The most comprehensive Business Performance Management solution in the industry, with the most complete set of best-of-breed applications and leading BI platform, Hyperion System 9 reduces IT complexity by eliminating the need for multiple reporting and analysis tools. "Increasingly, organizations are identifying Business Performance Management as a strategic function," said Rich Clayton, vice president of Product Marketing at Hyperion. "Our customers recognize the need to develop global plans, linking strategies to objectives and continuously monitoring execution against goals. To manage business based on confidence in data integrity, they want a solution that connects the dots between planning, operational reporting and financial reporting." Hyperion customer Metavante Corporation Metavante is a company that provides financial technology services and software to its customers, consisting primarily of small to large sized financial institutions. The $1.5 billion organization is headquartered in Milwaukee, Wisconsin and employs over 5,600 employees in 35 U.S. , which delivers banking and payment technologies to financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms and businesses worldwide, selected Hyperion System 9 to manage reporting and consolidation across its rapidly growing organization. "Hyperion System 9 will provide us with more automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. , powerful controls and auditing capabilities," said Deborah Coulombe, director, Financial Analysis and Support at Metavante. "With this solution, we'll be better able to manage our increasingly complex operations and empower empower verb To encourage or provide a person with the means or information to become involved in solving his/her own problems business units to provide financial reporting." Leading global technology company NCR Corporation (company) NCR Corporation - Electronics company mainly active in the midrange server market. NCR was founded 1884 as National Cash Register Company. It joint the computer industry in th 1950s. , another Hyperion customer, is deploying Hyperion System 9 Financial Management and Planning to support its enterprise consolidation and planning requirements. "The Hyperion System 9 applications are being integrated with the Teradata(R) Warehouse we use at NCR (NCR Corporation, Dayton, OH, www.ncr.com) A technology company specializing in financial terminal transactions, retail systems and data warehousing. Until the late 1990s, NCR was heavily invested in the hardware side of the industry, known worldwide as a major manufacturer of computers to leverage detailed financial and operational data which provides the business insight needed to meet our corporate business objectives," said Bob Fishman, assistant controller at NCR. "With the Hyperion System 9 solution, we will have an integrated, flexible process for consolidation, budgeting and planning to support our external reporting requirements and the needs of each of our distinct business units." European pharmaceutical company Nycomed has also selected Hyperion System 9 to leverage its integrated financial management applications and BI platform. "Hyperion System 9 enables us to put even greater focus on our critical knowledge by providing enhanced analytical capability and more flexible ways of meeting the demands of our reporting," said Christian Seidelin, vice president of Corporate Finance for Nycomed. "The solution allows us to gain more valuable insights from our business data regardless of the data sources." Leading health care provider, Spectrum Health, another Hyperion customer, selected Hyperion System 9 to integrate its operational and financial data into a single dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. view. "Because the system provides a common view into all data sources and across all management processes, we will be better able to make more effective, faster decisions based on a single reliable source of information that spans all areas of the operation," said Polly Polly Biotechnology A Poll Dorset sheep cloned from sheep skin cells, which has a human gene in each cell. See Dolly. Krywanski, director, Finance at Spectrum Health Hospitals. "With the touch of a button, we will have visibility into a wealth of current, accurate financial and operational data." About Hyperion System 9 The first true Business Performance Management system, Hyperion System 9 combines four areas of performance management activities: Planning; Financial Management and Control; Analytics; and Query and Reporting. Within this structure, Hyperion System 9 unifies goal setting, modeling, planning, monitoring, analyzing and reporting into a single, automated process, providing business users with new capabilities to report the past, monitor the present and anticipate the future. Integrating financial management applications with a BI platform, Hyperion System 9 enables users to link strategies with plans and continuously monitor their execution against goals to improve business agility. Because the system provides a common view into all enterprise data sources and across all management processes, users are able to make better, faster decisions based on a single reliable perspective over information that spans all areas of the operation. The solution leverages the technology in Hyperion's Foundation Services, a scalable, shared services shared services, n.pl the administrative, clinical, or other service functions that are common to two or more hospitals or their health care facilities and used jointly or cooperatively by them. foundation that simplifies systems management, integration and administration across the enterprise, 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. This foundation also offers master data management (MDM (Modular Digital Multitrack) An audio recorder that mixes and records multiple tracks of digital audio. The two major MDM technologies are ADAT and DTRS. See ADAT and DTRS. ) capabilities that empower business users to directly manage complex, rapidly changing master data -- technology that is unique to Hyperion within the performance management industry. 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 February 8, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances. "Hyperion," the Hyperion "H" logo 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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