- 21 March 2006 10:15
Computershare Extends Use of Hyperion Planning to U.S. and Canadian Operations
Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced that Computershare, a leader in the provision of share registration and other services to the global securities industry, is extending the use of Hyperion Planning to streamline the planning process in its North American businesses. Computershare has extensive operations across the U.S. and Canada and has acquired an additional 400 Hyperion Planning user licences to provide planning and reporting functionality for these businesses. Computershare already had 300 Hyperion Planning users facilitating the budgeting process across the UK and Australia.
With widespread global operations, the Computershare group requires sophisticated functionality to consolidate its global accounting data and to manage and control the planning process. Computershare has been a Hyperion customer since 2001 when Hyperion Enterprise was implemented to perform statutory consolidations for the group. “As the company grew and rapidly acquired numerous businesses, we outgrew our spreadsheet consolidation model. Since 2001 we have used Hyperion Enterprise as the solution to perform our financial and management accounting consolidations. Hyperion Enterprise incorporates functionality that facilitates the efficient and accurate consolidation of acquired or grown entities with a variety of ownership structures. It also makes accounting for changes to those structures straightforward,“ said Ian Macdonald, Computershare’s Group Manager – Financial Systems. “Hyperion Enterprise provides powerful management reporting functionality allowing management to view financial information in a number of different ways, e.g. by region, business line, management responsibility, function and combinations of these. Not only is Hyperion Enterprise a powerful consolidation and reporting engine, it is completely auditable which is very important for a listed company.” Hyperion Planning has been used by Computershare since 2004 facilitating the budgeting process for 2005 with 300 users across Australia and UK. Hyperion Planning is a centralised, multi-dimensional web-based budgeting, forecasting and reporting solution that drives collaborative, integrated, event-based planning processes throughout the enterprise for a wide range of financial and operational needs. Computershare uses Hyperion Planning to produce forecasts, annual budgets and multi-dimensional management reporting. “Leading up to 2004 we identified a requirement for a formal budgeting and forecasting tool to replace the myriad of spreadsheet models that existed in each finance centre around the world. Each region would build a complex new spreadsheet model to accommodate the annual budget process each year and one or more spreadsheet models to produce financial forecasts. These spreadsheet models frequently had several hundred worksheets and files to consolidate. As we already had a good relationship with Hyperion, we gave them our extensive list of requirements and asked them to demonstrate that their Planning solution would meet them,” Mr Macdonald explained. Computershare has almost 10,000 employees, and operates in 21 countries, on five continents. It provides services and solutions to listed companies, investors, employees, exchanges and other financial institutions. Altogether, the company manages more than 90 million shareholder accounts for over 14,000 corporations around the world. Hyperion Planning provides the following benefits to Computershare: • Intuitive web-based interface that can be accessed by any users globally at any time • Single, sustainable, flexible model • Multi-dimensional view of data • Integration with financial, billing and payroll applications across the world • Reduced risk of error • Automated flow through of changes with full control and audit trail • Full work flow functionality • Increased productivity, lower training costs • Integration with Excel • Facilitates planning at the employee level with improved management of compensation costs • Task lists provide personalised guidance through critical tasks and reduce burden on administrators • Can accommodate any business model and budgeting method
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 company’s innovative and specialised 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.
About Computershare Limited (CPU)
Computershare (ASX:CPU) is a global leader in share registration, employee equity plans, proxy solicitation and other specialised financial and communication services. Many of the world’s largest companies employ our innovative solutions to maximise the value of their relationships with investors, employees, customers and members. Computershare has approximately 10,000 employees across the world and serves 14,000 corporations and 90 million shareholders and employee accounts in 21 countries across five continents. For more information, visit www.computershare.com.au
Safe Harbour Statement
Statements in this press release other than statements of historical fact are forward-looking statements, 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 filed on August 31, 2005 and the report on Form 10-Q filed on November 9, 2005. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
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