Cap Gemini Ernst & Young US LLC, one of the world`s leading IT services and management consultancies, has announced that it is using Hyperion`s business performance management solution as a core technology for its program for optimising client decision-making and financial management processes. Global Technology Business Intelligence (GBI) distributes Hyperion solutions exclusively in SA.
The Cap Gemini Ernst & Young methodology, adopted by leading companies including Textron, is a holistic approach to improving a company`s bottom line by establishing key performance measures, aligning plans, budgets, forecasts and actuals across the enterprise, analysing the financial dynamics that drive profitability and distributing the results widely for timely action.
"Together, Hyperion and Cap Gemini Ernst & Young are addressing the burning issues facing today`s CFOs," says John Pierson, VP of worldwide channels at Hyperion. "Using Hyperion`s business performance management solution, Cap Gemini Ernst & Young`s methodology helps CFOs develop and execute a plan for transforming their key financial management processes - including planning, budgeting, forecasting, analysis and reporting - from static and compartmentalised to dynamic and pervasive. As a result, CFOs have the tools to improve their companies` financial performance and increase the strategic value of finance in the business."
Many finance organisations continue to conduct financial management according to a set of separate and unrelated processes, making it difficult for them to put the company`s strategies into action in the form of tactics and operations and to provide visibility into the business dynamics affecting company performance. Cap Gemini Ernst & Young advocates that financial management use an integrated approach to optimising shareholder value, which is accommodated by Hyperion`s technology suite.
"At Textron, we`re using more than half a dozen Hyperion products across finance," says Larry Costello, director of finance information systems for Textron. "We operate in 41 countries around the world and generated $12.3 billion in revenues last year. Our goal is to standardise across 296 general ledgers and almost 100 general ledger systems down to one COA and one consolidation system for one company. This will give us better information and make us a more efficient and effective finance organisation."
"Hyperion`s solution aligns our philosophy that decision support processes and content should be centrally developed, yet pervasively executed and deployed," says Rich de Moll, VP of financial solutions for Cap Gemini Ernst & Young. "It gives senior executives a quick grasp of the big picture and can still provide a staggering amount of financial detail and analysis, if that is what is required."
Hyperion`s business performance management platform and applications are the technology engine that drives new levels of capabilities in strategic decision-making and financial management processes:
* Hyperion Scorecard helps develop shareholder-value-based performance measures.
* Hyperion Planning aids the planning, budgeting and forecasting stage of the programme.
* Hyperion Financial Management monitors and reports on financial data, including profitability by product, customer, channel, and geography.
* The Hyperion Essbase XTD platform provides sophisticated analysis of multiple dimensions of data from across the enterprise and "what-if" modelling of business drivers.
The result is improved business performance across the organisation. Consistent information aligns the organisation, so managers share an encompassing view of the enterprise and they can proactively identify opportunities for growth and improved profitability. In addition, Hyperion`s business performance management solution accelerates the acquisition, dissemination and action taken on critical strategic information by increasing collaboration among decision-makers.
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