Risk management.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. is teaming with De Lage Landen, a large Dutch-based financing company, to bring out a risk management and best practices framework with particular relevance to the 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. industry. The framework "will allow organizations to better manager their comprehensive capital, while ensuring compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). for IFRS IFRS International Financial Reporting Standard(s) IFRS Inter Frame Relay Service IFRS Indiana Facilities Registry System , Sarbanes-Oxley, Basel II Basel II is the second of the Basel Accords, which are recommendations on banking laws and regulations issued by the Basel Committee on Banking Supervision. The purpose of Basel II is to create an international standard that banking regulators can use when creating regulations and Economic Capital (ECAP ECAP Early Childhood and Parenting ECAP Equal Channel Angular Pressing (metal processing) ECAP Emergency Campaign for America's Priorities ECAP Electronic Circuit Analysis Program ECAP Economic Capital ) mandates," Hyperion noted in an announcement. De Lage Landen, with a balance sheet of $17.8 billion and 2,300 employees, is a subsidiary of RaboBank, based in Utrecht, The Netherlands. The framework it is developing will be part of the core business processes (budgeting, planning, reporting and consolidation) already managed by Hyperion. Catherine Frye, a senior director in market development for Hyperion, said in an interview that De Lage Landen, a Hyperion customer since 1991, had been presenting some of these concepts at recent Hyperion users' conferences. "The topic of their presentations was quite different--it was really a strategic vision" that was similar to business performance management (BPM (Business Process Management) A structured approach that models an enterprise's human and machine tasks and the interactions between them as processes. BPM software provides users with a dashboard interface that offers a high-level view of the operation that typically ), she said. As a result, the two companies started talking about how they could collaborate. The product, which is expected to be available by the fall, "is a bit of a new market direction for us," said Frye. "We're talking about other arenas within financial services. We'd be helping them to solve [problems] and enhance their current framework and solutions." Through its partnership with Hyperion and the definition of a solution roadmap, De Lage Landen's objective is ultimately to manage its core processes--strategy formulation, target setting, monitoring and reporting and capital allocation--with a seamless, end-to-end Hyperion solution. Hyperion wants to extend that solution's impact beyond traditional BPM processes to offer new value in strategic capital management and risk management. Web: www.hyperion.com; www.delagelanden.com |
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