Hyperion Master Data Management
Hyperion Master Data Management Ensures Data Consistency And Facilitates Collaboration Between It And Business Users
Companies make better decisions and reduce risk with Hyperion Master Data Management
SYDNEY, May 22, 2006 – Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, announced today that a growing number of companies are using Hyperion System 9 Master Data Management (Hyperion MDM) to enable visibility and collaboration between IT and business users in defining, implementing and managing change across systems.
As an integral part of Hyperion System 9 Foundation Services, Hyperion MDM is the industry’s first solution dedicated to Business Performance Management. With its easy-to-use ‘point and sync’ thin client interface, Hyperion MDM enables non-technical users to directly manage change of BPM master data.
Through a formal, rule-driven process, Hyperion MDM synchronises BPM master data such as business dimensions, reporting structures, hierarchies, attributes and business rules across Hyperion System 9 applications and enterprise systems, including data warehouses, data marts, analytic applications, and transactional systems.
Hyperion MDM provides robust master data lifecycle and versioning capabilities, in conjunction with a powerful business rules engine and audit capabilities for validating and verifying changes in master data, both in real time and after the fact.
“Hyperion MDM helps companies tackle the innumerable challenges and costs of operating in today’s constantly changing and competitive global environment,” said Rich Clayton, vice president of product marketing at Hyperion. “By synchronising data across all systems, Hyperion MDM not only provides users with a single version of the truth but also dramatically reduces development cost and risk and reduces the cost of implementing and maintaining business intelligence and data repository processes.”
Some of the customers who have purchased Hyperion MDM include Avago Technologies, FirstRand Bank, HBOS, Mentor Graphics, Symantec, Verizon and Xerox Corporation.
FirstRand, a financial services group based in South Africa, will leverage Hyperion MDM within its banking division to increase user productivity, lower security risk, and protect the company’s data integrity.
“With Hyperion MDM, we can eliminate all costly manual master data management processes within our company,” said Tim Green, IT manager at FirstRand. “Hyperion MDM will serve as FirstRand’s central environment to manage master data and automate the changes we make across our organisation, which will speed essential processes and ensure data integrity throughout our operations.”
Mentor Graphics, a leading manufacturer of electronic design solutions, implemented Hyperion MDM to maintain the accuracy of master data within its various financial, analytic and transactional systems.
"In our fast-paced and growing business, we need to have confidence in the data across our enterprise," said Jan-Willem Beldman, team lead for analytical applications and data quality at Mentor Graphics. "The integration of MDM within our BPM system facilitates collaborative data management between our IT department and business owners of data. As a result, we are able to consolidate, correlate and standardise our master data, businesses processes and analytical capabilities so that reporting data is readily available, consistent and accurate."
Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 11,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organise and analyse it, then communicate it across the enterprise. Hyperion offers the industry's only Business Performance Management solution that integrates financial management applications with a business intelligence platform into a single system.
Named one of the FORTUNE 100 Best Companies to Work For (2004), Hyperion serves global customers in 45 countries. A network of more than 600 partners provides the company’s innovative and specialised solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2005 and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com or www.hyperion.com/contactus.
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 31, 2005 and the report on Form 10-Q filed on February 8, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.
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