Suzano Petroquimica Boosts Sales, Saves Time With Help From Hyperion.
SANTA CLARA, Calif. -- In a sweeping effort to improve corporate performance, Suzano PetroquE mica has achieved results that would leave most companies envious. Suzano PetroquE mica is the Latin American leader in the production of polypropylene resins and the second largest producer of thermoplastic resins in Brazil, and is joint controlling shareholder of polyethylene producer Riopol and synthetic elastomer producer Petroflex.
Since 2003, Suzano PetroquE mica has improved its sales, trimmed the time required to make business decisions, and reduced quarterly report preparation. Suzano PetroquE mica achieved the efficiencies through a company-wide transformation helped in large part by solutions from Hyperion (Nasdaq:HYSL), the global leader in Business Performance Management software.
Suzano PetroquE mica, whose polypropylene resins represent an extremely versatile product used daily by consumers worldwide in such items as in plastic packaging, home appliances, cosmetic, healthcare and cleaning packaging, and in the automotive and textile industries. Suzano PetroquE mica selected Hyperion's business intelligence platform to track and measure performance across the rapidly growing company. The firm's goal was to establish and monitor a range of performance targets and initiatives throughout the organization and better integrate the company's business areas and supporting units. With those efforts in place, the company could closely manage performance both locally and globally.
The company implemented a Hyperion planning and scorecarding solution as part of a global corporate initiative to align business processes with strategic goals. Suzano PetroquE mica selected Hyperion software because it enables managers to determine excellence in several key categories, including corporate finance, knowledge domain, team management capacity, and the ability to execute the company's mission. The Hyperion business intelligence platform also offered advanced functionality, including a sophisticated modeling capability, robust analyses, direct access to the company's existing ERP system, and an easy-to-use, Web-based user environment. These advanced capabilities proved especially crucial to Suzano PetroquE mica when the company grew even more rapidly with the acquisition of its production partner, Polibrasil.
"With Hyperion, we can now establish key initiatives and clear priorities, and align all efforts as a whole to achieve desired results," said Edilson Teixeira, Performance Manager, Suzano PetroquE mica. "All business processes are now linked to key initiatives focused on results and designed to add value to all stakeholders."
Suzano PetroquE mica deployed Hyperion to support its adoption of the renowned Balanced Scorecard (BSC) methodology, which enables organizations to chart a clear map to ensure each aspect of its operations drives all activities toward corporate objectives. In only two years, Suzano PetroquE mica proved a resounding success, earning a coveted place in the Balanced Scorecard Hall of Fame.
With Hyperion as a key component of the company's BSC culture, Suzano PetroquE mica racked up impressive results. The company: boosted sales by 126 percent; reduced the time needed to prepare for quarterly reports; accelerated vital management decisions; improved insight into financial and business regulatory processes; and helped the global organization internalize the concept of "creating value."
"Hyperion helps us to focus on what is critical for the company's strategy; we're more effective, we've strengthened our organizational performance, and key managers are more aligned with business processes," added Teixeira. "Because data is available instantly, the whole management staff can quickly meet discuss and make decisions based on the analysis of strategic indicators."
Hyperion Solutions Corporation (Nasdaq: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 improved performance. 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, visit www.hyperion.com.
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