Hyperion Applications Suite 4 Makes Business Performance Management Easier to Use and Deploy Across the Enterprise
Announcement posted by Hyperion Solutions 14 Apr 2005
New Applications Promote Line Manager Collaboration; Enhanced User Interface and New MS Office Front-End Improve Productivity
New Workforce Planning Module Supports Headcount and Salary Planning Often Largest Budget Element
Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced the introduction of Hyperion Applications Suite 4, the broadest, richest suite of performance management applications available. Designed to make Business Performance Management easy-to-use and deploy across the enterprise, the suite delivers a unified environment for enterprise planning, reporting and analysis with seamless integration and navigation across applications. By enabling greater enterprise collaboration, the enhanced Hyperion applications enable organizations to forecast and report with confidence, achieve strategic alignment, financial control and regulatory compliance.
The announcement was made at Solutions 2005, Hyperions global Business Performance Management conference, taking place in New Orleans April 10-13.
Hyperion Applications Suite 4 addresses the frustrations companies face in attempting to link management processes with spreadsheets and tools with differing interfaces, limited information sharing and lack of process flow, said Russell Evans, Managing Director, Hyperion Australia & New Zealand. Applications Suite 4 provides the common look and feel, common reporting and analysis tools, and a single point of maintenance and administration that decreases training costs, increases user adoption and promotes line manager participation. As a result of greater performance visibility, companies are able to fulfil the promise of Business Performance Management through more informed decision-making, faster time to compliance and increased productivityall leading to breakthrough performance.
Many companies have taken a single pain-point approach to business performance management such as planning, scorecarding or financial consolidations, said Lee Geishecker, research vice president with Gartner. Moving forward, we recommend they evaluate the entire performance management framework and associated software components up front, even if companies start out deploying software for only a single management process. People need to realize that mixing and matching different software technologies could be a costly exercise requiring extensive integration.
Enterprises no longer need to take a piecemeal approach to Business Performance Management, added Evans. With a complete suite of easy-to-use applications, companies can rely on Hyperion Applications Suite 4 to achieve a higher return on investment and lower cost of ownership versus stand-alone point solutions.
According to research firm IDC, the market for financial/business performance management analytic applications is expected to increase from $1.2 billion in 2003 to $2.1 billion in 2008. The July 2004 IDC market analysis report further states that, companies serious about financial/BPM initiatives will see increasing value in a suite of products.
Enhanced User Interface and New Microsoft Office Front-End
Hyperion Applications Suite 4 features a common, task-oriented user interface, as well as the new Hyperion Smart View for Office that utilizes the Microsoft Office environment and provides a single Excel spreadsheet front-end that users can leverage to read, write and interact with multiple Hyperion products. It also takes advantage of the new Smart Tag features within Microsoft Office to provide integration with other Microsoft Office applications such as Microsoft Word and Microsoft PowerPoint. In addition to its reporting capabilities, Smart View provides the flexibility to plan offline, allowing users to download a planning form, develop budgets in Excel, and then synchronize when re-connected.
Applications Suite Improves Enterprise-Wide Planning, Introduces Workforce Planning Module
With Hyperion Applications Suite 4 and enhancements in Hyperion Planning companies gain the ability to plan across the enterprise to align strategy, capital and workforce. New features in the enterprise planning solution include enhanced financial modelling and new scorecard strategy maps as well as the Smart Task List which is designed to walk any user, financial or non-financial, through a planning process.
The new Workforce Planning module provides a packaged solution for employee-level salary and compensation planning and analysis. Workforce Planning can be deployed across the enterprise to all business functions and operating units to capture detailed headcount and compensation planning information, provide more control over compensation expenses and drive more budget accountability.
Companies no longer have to rely on disparate spreadsheets or custom applications to plan, monitor and analyse workforce expenses, frequently the largest expense budget item. Workforce Planning works seamlessly as part of the Hyperion planning environment. As a result, changes or events from a workforce perspective are immediately reflected in the main financial statements of the company and their impact is immediately visible.
Applications Suite Also Addresses Compliance Concerns
Hyperion Applications Suite 4 also addresses the need for corporate transparency to address regulatory compliance issues. New features are aimed at improving financial control and reducing the cost of compliance.Hyperion Financial Management includes compliance-related enhancements such as a new intercompany detail module, enhanced process controls and automation, improved audit trails and document links.
The release of Hyperion Applications Suite 4 underscores the companys commitment to helping enterprises achieve widespread Business Performance Management benefits. Hyperion Applications Suite 4 includes:
Hyperion Financial Management
Hyperion Planning
Hyperion Strategic Finance
Hyperion Performance Scorecard
Hyperion Business Modelling
Compliance Management Dashboard
And the new Workforce Planning Module
Hyperion Applications Suite 4 is available now.
About Hyperion
Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 10,000 customers including 91 of the Fortune 100 rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the companys innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Santa Clara, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com or www.hyperion.com/contactus.
Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced the introduction of Hyperion Applications Suite 4, the broadest, richest suite of performance management applications available. Designed to make Business Performance Management easy-to-use and deploy across the enterprise, the suite delivers a unified environment for enterprise planning, reporting and analysis with seamless integration and navigation across applications. By enabling greater enterprise collaboration, the enhanced Hyperion applications enable organizations to forecast and report with confidence, achieve strategic alignment, financial control and regulatory compliance.
The announcement was made at Solutions 2005, Hyperions global Business Performance Management conference, taking place in New Orleans April 10-13.
Hyperion Applications Suite 4 addresses the frustrations companies face in attempting to link management processes with spreadsheets and tools with differing interfaces, limited information sharing and lack of process flow, said Russell Evans, Managing Director, Hyperion Australia & New Zealand. Applications Suite 4 provides the common look and feel, common reporting and analysis tools, and a single point of maintenance and administration that decreases training costs, increases user adoption and promotes line manager participation. As a result of greater performance visibility, companies are able to fulfil the promise of Business Performance Management through more informed decision-making, faster time to compliance and increased productivityall leading to breakthrough performance.
Many companies have taken a single pain-point approach to business performance management such as planning, scorecarding or financial consolidations, said Lee Geishecker, research vice president with Gartner. Moving forward, we recommend they evaluate the entire performance management framework and associated software components up front, even if companies start out deploying software for only a single management process. People need to realize that mixing and matching different software technologies could be a costly exercise requiring extensive integration.
Enterprises no longer need to take a piecemeal approach to Business Performance Management, added Evans. With a complete suite of easy-to-use applications, companies can rely on Hyperion Applications Suite 4 to achieve a higher return on investment and lower cost of ownership versus stand-alone point solutions.
According to research firm IDC, the market for financial/business performance management analytic applications is expected to increase from $1.2 billion in 2003 to $2.1 billion in 2008. The July 2004 IDC market analysis report further states that, companies serious about financial/BPM initiatives will see increasing value in a suite of products.
Enhanced User Interface and New Microsoft Office Front-End
Hyperion Applications Suite 4 features a common, task-oriented user interface, as well as the new Hyperion Smart View for Office that utilizes the Microsoft Office environment and provides a single Excel spreadsheet front-end that users can leverage to read, write and interact with multiple Hyperion products. It also takes advantage of the new Smart Tag features within Microsoft Office to provide integration with other Microsoft Office applications such as Microsoft Word and Microsoft PowerPoint. In addition to its reporting capabilities, Smart View provides the flexibility to plan offline, allowing users to download a planning form, develop budgets in Excel, and then synchronize when re-connected.
Applications Suite Improves Enterprise-Wide Planning, Introduces Workforce Planning Module
With Hyperion Applications Suite 4 and enhancements in Hyperion Planning companies gain the ability to plan across the enterprise to align strategy, capital and workforce. New features in the enterprise planning solution include enhanced financial modelling and new scorecard strategy maps as well as the Smart Task List which is designed to walk any user, financial or non-financial, through a planning process.
The new Workforce Planning module provides a packaged solution for employee-level salary and compensation planning and analysis. Workforce Planning can be deployed across the enterprise to all business functions and operating units to capture detailed headcount and compensation planning information, provide more control over compensation expenses and drive more budget accountability.
Companies no longer have to rely on disparate spreadsheets or custom applications to plan, monitor and analyse workforce expenses, frequently the largest expense budget item. Workforce Planning works seamlessly as part of the Hyperion planning environment. As a result, changes or events from a workforce perspective are immediately reflected in the main financial statements of the company and their impact is immediately visible.
Applications Suite Also Addresses Compliance Concerns
Hyperion Applications Suite 4 also addresses the need for corporate transparency to address regulatory compliance issues. New features are aimed at improving financial control and reducing the cost of compliance.Hyperion Financial Management includes compliance-related enhancements such as a new intercompany detail module, enhanced process controls and automation, improved audit trails and document links.
The release of Hyperion Applications Suite 4 underscores the companys commitment to helping enterprises achieve widespread Business Performance Management benefits. Hyperion Applications Suite 4 includes:
Hyperion Financial Management
Hyperion Planning
Hyperion Strategic Finance
Hyperion Performance Scorecard
Hyperion Business Modelling
Compliance Management Dashboard
And the new Workforce Planning Module
Hyperion Applications Suite 4 is available now.
About Hyperion
Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 10,000 customers including 91 of the Fortune 100 rely on Hyperion software to translate strategies into plans, monitor execution and provide insight to improve financial and operational performance. Hyperion combines the most complete set of interoperable applications with the leading Business Intelligence platform to support and create Business Performance Management solutions. A network of more than 600 partners provides the companys innovative and specialized solutions and services.
Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,500 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Santa Clara, California, Hyperion generated annual revenues of $622 million for the 12 months that ended June 30, 2004. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com or www.hyperion.com/contactus.