Global Technology Business Intelligence now provides a comprehensive solution for measuring performance and driving profitability across the enterprise with Hyperion`s new Business Performance Management Suite.
"Today`s business environment demands corporate accountability," says Johan Cloete, CEO of Global Technology Business Intelligence.
"This requires a level of business visibility that can only be achieved if companies maintain a true sense of the financial impact of their business activities. Business performance management bridges financial performance and business activity performance. This new suite from Hyperion set new standards in completeness of business functionality."
Hyperion`s Business Performance Management Suite is designed to help companies manage through extraordinary complexity by enabling managers to continuously measure performance, anticipate results and drive profitability across key business activities.
"The power of business performance management is in extending that visibility to all operating units and in every corner of a company. With Hyperion`s Business Performance Management Suite, every application has access to the same underlying information," adds Cloete. "So, rather than waiting days - or even months - to get an outdated snapshot of business, customers will get up-to-date information, served up continuously, so they can anticipate the next move."
Hyperion`s Business Performance Management Suite is based on an integrating platform, Hyperion Essbase XTD, that combines management process with business applications to allow companies to set goals, plan targets and measure, predict and report results in a collaborative way across an extended enterprise.
This provides companies with up-to-date insight, and foresight, into their business to manage in today`s demanding business and economic environments.
The Hyperion Business Performance Management Suite
Hyperion`s Business Performance Management Suite is a set of packaged applications, performance management frameworks and an integrating, open business intelligence platform. It includes families of products that address core business needs of the modern extended enterprise:
* Financial Performance Management extends core business performance management across the entire spectrum of financial activities, including budgeting, financial and business planning, cash management, consolidated reporting and quarterly financial performance reporting. Financial Performance Management is available now.
* Organisational Performance Management enables managers to direct and coordinate organisational performance across core business activities and across all functions inside and outside extended enterprises. Examples include the definition of goals and performance metrics, headcount planning, compensation planning and management, budget management and evaluation of forecasted and actual performance measures. Organisational Performance Management is available now.
* Customer Relationship Performance Management extends core business performance management across all customer acquisition and retention activities, such as customer segmentation, marketing activity planning, call centre planning and performance reporting. It will be based on a technology framework, which when implemented with partners, will provide visibility into customer profitability, lifetime customer value, customer behaviour and product profitability. Customer Relationship Performance Management is scheduled for availability in late 2002.
* Supply Chain Performance Management enables managers to drive performance across supply chain activities such as procurement, manufacturing and inventory planning. It will be based on a technology framework, which when implemented with partners, will provide visibility into supplier performance, product quality and profitability, and manufacturing productivity and profitability. Supply Chain Performance Management is scheduled for availability in late 2002.
* Channel Performance Management enables alignment and drives the optimal performance of the channel, through activities such as sales target setting, sales plan management, territory planning and indirect channel planning. It will be based on a technology framework, which when implemented with partners, will provide visibility into channel profitability, geographic performance, product profitability by channel or geography and sales representative performance. Channel Performance Management availability is scheduled for availability late in 2002.
What`s new
With its Business Performance Management Suite, Hyperion is delivering software solutions that go beyond conventional business analysis or business intelligence tools deployed in the finance department and that optimise the business management process across the entire enterprise.
"The addition of collaboration, modelling and scorecarding to a suite that includes our financial analysis, reporting and consolidation software is new and compelling. For the first time, a single software company is delivering software that empowers all levels of an enterprise to collaborate in setting goals and monitoring results of key business activities - financial and operational - in order to predict change and execute a response," says Cloete.
Hyperion`s offerings for Customer Relationship Performance Management, Supply Chain Performance Management and Channel Performance Management will be optimised for quick deployment in concert with partners. They will be based on a framework that includes business rules, key performance indicators and domain knowledge provided by Hyperion partners and integration with operational data sources.
Only from Hyperion
Hyperion is the only company offering an integrated suite combining the business performance management process into a seamless collaborative cycle that enables all business functions to engage across an extended enterprise.
"Financial performance management is at the core of business performance management. But we go beyond our financial applications to integrate best practices and processes into our Business Performance Management Suite. As a result companies can realise a continuous and accurate financial picture of their business based on near-real-time information," says Cloete.
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