GBI, the business intelligence division of JSE Securities Exchange-listed Global Technology, has announced the local availability of Hyperion Planning 2.3, the Web-based budgeting and planning solution.
Hyperion Planning drives collaborative, integrated, event-based planning processes throughout an organisation for a wide range of financial and operational needs.
"Budgeting and planning are at the heart of any successful business," says Johan Cloete, CEO of GBI. "Hyperion Planning is all about the ability of a team of any size, its members located anywhere, to work together on the process, to reduce the time and effort taken to develop the budget and plans, and to manage the process in an intelligent, iterative way that adds value to the business.
"For instance, instead of management`s time being taken up with budgeting and planning consolidation, it can now focus on what-if scenario setting," Cloete says. "The ability to create and review multiple options allows management, at no additional cost, to consider any number of alternatives before settling on the best way forward."
Hyperion Planning embraces Web architect technology, including reporting and analysis, process management and data entry, which ensures an easy, low-cost distribution to as wide an audience as required.
Corporate budgeting and planning depends on enterprise-wide collaboration: Hyperion Planning`s communications capability includes all frontline decision-makers and consistently broadcasts changes in direction for all aspects of planning, including top-down target setting, allocations, re-forecasting and tactical, bottom-up planning.
Alongside this is process and workflow management including e-mail notification and alerts which empower users to track the progress of their budget, create and validate plans, and respond quickly to changes. "With this foundation in place, business people can start to enjoy some of the benefits of multidimensional thinking," says Cloete.
"Hyperion Planning`s integrated planning processes enable companies to create multidimensional plans that feed into an enterprise-wide operational plan. Target-setting scenarios can be set with cascading targets and objectives with annotations, allowing managers to set top-down performance targets that close the gap with operational plans."
The multidimensional power of Hyperion Planning is driven by Hyperion Essbase OLAP Server, the market`s leading online analytical processing engine.
"Because each business operates its budgeting and planning process differently, Hyperion Planning allows users to set their own business rules," Cloete advises. "This enables employees to have a heightened understanding of the story behind the numbers and buy-in to corporate rules and assumptions. They can write, update and maintain their own specific business rules and complex calculations without IT assistance."
Other features of the new version include the ability to drill through from aggregate to supporting detail and heightened security.
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