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Edelman Chooses Hyperion to Streamline Operational and Financial Processes

  • 18 February, 2004 10:10

<p>International public relations firm Edelman, with offices in Sydney and Melbourne, will use Hyperion Financial Management and Hyperion Essbase software to consolidate its worldwide management reporting and share client information.</p>
<p>EDELMAN CHOOSES HYPERION TO STREAMLINE OPERATIONAL AND FINANCIAL PROCESSES
Global PR Firm Touts Business Performance Management Software Benefits</p>
<p>SUNNYVALE, Calif., February 17, 2004 – Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, today announced that Edelman, the world's largest independent public relations firm, has chosen Hyperion Financial Management and Hyperion Essbase software as its unified platform to gather and consolidate management reporting and client information worldwide. This solution will enable the finance department to service the global reporting needs of the Edelman organization and speed financial and operational processes while ensuring data accuracy and consistency. By using Hyperion’s software, Edelman’s managers gain a comprehensive view of client accounts across the globe at anytime. As a result, they can more easily conduct advanced financial analysis focused on account management and client service to help ensure client's highest return on investment as well as Edelman’s company performance.</p>
<p>With 1,650 employees in 40 offices worldwide, Edelman uses a variety of back office systems for tracking financial and human resources information across its global network. While the regions have autonomy in selecting the systems that work best, the lack of a common platform has made the gathering and integration of management reporting and client information cumbersome and time-consuming. With Hyperion Financial Management software, the company will consolidate data automatically and consistently worldwide, regardless of the underlying data sources. Hyperion’s software will eliminate the need for manual processes and provide Edelman with ready access to financial and operational metrics that can be quickly incorporated into plans, reports and forecasts.</p>
<p>“Given the nature of our business and our global presence, we needed a powerful and integrated platform that could speed our processes by instantly providing us with consolidated and current data,” said Meredith Mendes, worldwide chief financial officer for Edelman. “The use of Hyperion’s software will allow us to quickly and cost-effectively create plans and forecasts that reflect changing business conditions and regional discrepancies, like currency issues. In particular, the use of Hyperion Essbase as an extension to the Hyperion Financial Management application will also help us improve client management by providing multiple views of our client servicing by geography, practice and client industry, which should ultimately drive us to greater business performance.”</p>
<p>Edelman plans to introduce the Hyperion software to approximately 200 employees, including senior management, general and deputy managers, as well as client relationship managers and finance directors worldwide.</p>
<p>About Hyperion
Hyperion is the global leader in Business Performance Management software. More than 9,000 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 specialized solutions and services.</p>
<p>Named one of the FORTUNE 100 Best Companies to Work For 2004, Hyperion employs approximately 2,600 people in 20 countries. Distributors represent Hyperion in an additional 25 countries. Headquartered in Sunnyvale, California, Hyperion – together with recently acquired Brio Software Inc. – generated combined annual revenues of $612 million for the 12 months ending June 30, 2003. Hyperion is traded under the Nasdaq symbol HYSL. For more information, please visit www. hyperion.com, www.hyperion.com/contactus or call 800 286 8000 (U.S. only).</p>
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<p>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 13, 2003 and the Report on From 10-Q filed on November 7, 2003. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.</p>
<p>Hyperion and Hyperion Essbase are registered trademarks of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners.</p>
<p>For More Information Contact:
Claire Hosegood
Kinetics
Ph +612 9976 6611
claire@kinetics.com.au</p>

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