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Olympus
Corporation is using Hyperion software to consolidate
financial data across its operations and meet its expanding
management reporting needs.
Longtime users of Hyperion Enterprise, Olympus Corporation
selected Hyperion Financial Management to achieve global
consistency throughout its multiple subsidiaries and
business units. The new system, which replaces Hyperion
Enterprise, is used to create monthly and annual budgets for
executive teams, comply with legal and managerial accounting
mandates and integrate its financial consolidation reports
with its existing Tokyo Headquarters' accounting systems
constructed by SAP R/3.
“Olympus Corporation and Hyperion have a successful history
of working together,” said Rich Clayton, vice president of
product marketing at Hyperion. “The migration from Hyperion
Enterprise to Hyperion Financial Management to accommodate
Olympus’ changing business environment was the logical next
step. Through it, we have enabled the creation of an
information disclosure system that made the process of
gathering information from each company more efficient and
the consolidation process much faster.”
*******
Hyperion financial results first quarter ended September 30,
2005.
Total revenues for the quarter increased 7% to $170.2
million, compared to $159.5 million for the same period a
year ago. Software license revenue increased 5% to $60.5
million, compared to $57.4 million for the same period a
year ago, while maintenance and services revenue grew 7% to
$109.7 million, compared to $102.1 million in the year-ago
period.
“These results reflect the strongest performance our team
has ever achieved in our fiscal first quarter,” said Godfrey
R. Sullivan, Hyperion’s president and chief executive
officer. “Revenue growth was driven by healthy demand for
our Business Performance Management solutions as customers
and partners increasingly recognize Hyperion as one of their
strategic vendors. We continued to expand profitability and
increased net income 14% over last year.
*******
Kansas City Life Insurance Company, whose primary business
is providing financial protection through the sale of life
insurance and annuities, is using Hyperion software to
consolidate financial data across three insurance
subsidiaries and assist with financial filings in 48 states.
The company has implemented the Hyperion consolidation
solution, a comprehensive Web-based system for global
collection, financial consolidation and reporting, to
eliminate its reliance on spreadsheets, achieve regulatory
compliance, improve its data quality, support company
growth, free its finance personnel to analyze data and
streamline its financial close process.
*******
Hyperion customers worldwide are endorsing the power of
Hyperion System 9, performance management solution
integrating financial management applications with a
business intelligence platform into a modular system that
will adapt to any business need.
“Our customers recognize the power of a Business Performance
Management system that will allow them to achieve true
visibility throughout their organizations,” said Rich
Clayton, vice president of product marketing for Hyperion.
Hyperion System 9 leverages the unique technology in its
Foundation Services layer to integrate BI technologies and
financial management applications into a single cohesive
system. For the first time, formerly disparate
activities—including management and production reporting,
advanced analytics, financial reporting and consolidation,
enterprise planning, scorecarding and strategic modeling—are
all accessible through Hyperion System 9 Workspace, the
first personalized workspace for Business Performance
Management. With Hyperion System 9, users can address all of
their performance management and query and reporting needs
within a single thin client environment that is personalized
and optimized for their unique needs.
*******
Hyperion System 9
BI+ is the business intelligence component of Hyperion
System 9.
“Hyperion System 9 BI+ actually puts intelligence into
business intelligence, by helping users quickly and
intuitively report against relational and multidimensional
sources in one session and using one interface,” said John
Kopcke, chief technology officer for Hyperion. “But we’re
also putting the ‘plus’ in BI through the integration of
reporting with financial management applications in Hyperion
System 9. For the first time, customers are not forced to
choose between a great BI platform and a seamless path to
performance management. With Hyperion System 9 and its BI+
component, they get the best of both worlds when they want
it.”
Personalized Workspace and Foundation Services
Work the Way Customers Work
Industry Leading Functionality
Smart View for Office
Metrics and
Scorecard Integration
Data Mining
Change Management
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