07.11.2005 08:00:00
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Global Hyatt Implements Hyperion System 9; Lodging Icon Leads Hospitality Industry in Adopting First System to Integrate BI Tools and Financial Management Applications
Hyperion System 9 is the first performance management solution inthe industry to integrate financial management applications with abusiness intelligence platform into a single system. Accessed througha standard Web browser, Hyperion System 9 delivers financialreporting, consolidation, forecasting, planning and scorecardingthrough a single entry point.
"We're enabling our users with direct access to reliable andrelevant information. Hyperion System 9 provides a single system tointeract with all different types of data regardless of the source ofinformation," said Sufel Barkat, assistant vice president for HyattHotels Corporation. "The solution not only provides financial andoperational data, but also provides overall market data from thehospitality industry. The users have comprehensive information thatprovides the best possible context for decision making."
"Additionally, our users no longer have to back in and out ofmultiple applications and piece together information from each one toget a clear picture of our performance," Barkat continued. "Instead,Hyperion System 9 makes it possible for us to view unified datathrough one click access, with all users able to look at the same datain the same way."
Next steps for the implementation will be to deploy the HyperionMaster Data Management (MDM) capability to centrally manage datastructures. MDM will make it possible for the company to managechanges down to the various source systems, aiding in the unifiedcollection of data.
Managing Proactively
By enabling users to access and analyze data in real time,Hyperion System 9 has armed them with relevant, accurate informationneeded to map tactics to strategy and manage day-to-day business inthe most efficient, profitable manner possible.
"Just viewing historical data, as we used to do, was not enough,"said Gebhard Rainer, vice president for Hotel Finance and Technologyfor Hyatt International Corporation. "By providing a current view,Hyperion System 9 makes it possible for us to extend BusinessPerformance Management down to every manager within the corporation.The new solution provides real-time results that allow us in agraphic, alphanumeric way to view key information and adjust ourcourse as necessary."
Ease of use of the Hyperion System 9 Workspace environment hasbeen a significant benefit in the new, proactive approach. "HyperionSystem 9 enables us to look at a dashboard with the click of abutton," said Barkat. "For example, general managers are able to gaininsight into daily, weekly and monthly performance just by bringing upthe browser and selecting Hyperion System 9. The user can drill intocritical areas and find out exactly where business needs to beredirected to help positively influence revenues."
Partner Involvement
Hyperion (Nasdaq:HYSL) partner Teradata, a division of NCRCorporation, played a key role in implementing the Hyperion System 9solution, providing data warehousing software and technology forexternal information not captured in Hyperion databases. Teradataworked with Hyperion to deliver a very robust engine that "cleanses"information received from external parties, making it possible forusers to view accurate data from multiple sources in real-time.
"Teradata and Hyperion worked together to provide an integratedenterprise solution for Global Hyatt that will help the company makecritical decisions through a comprehensive, single view of businessperformance," said John Dinning, vice president Solutions Marketingand Alliances, Teradata, "The solution provides visibility, reducesbusiness risk and facilitates improved decision making for Hyatt'sworldwide operations."
"For the first time Global Hyatt is able to view a single sourcefor timely, accurate, centralized data according to the role of theuser," said Rich Clayton, vice president of product marketing forHyperion. "Hyperion System 9 delivers information in real-time, sothat smart decisions can be made quickly, increasing productivity andlowering business risk."
About Hyperion
Hyperion Solutions Corporation is the global leader in BusinessPerformance Management software. More than 10,000 customers rely onHyperion software to provide visibility into how their businesses areperforming and to help them plan and model to improve thatperformance. Using Hyperion software, customers collect data, organizeand analyze it, then communicate it across the enterprise. Hyperionoffers the industry's only Business Performance Management solutionthat integrates financial management applications with a businessintelligence 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 morethan 600 partners provides the company's innovative and specializedsolutions and services. Hyperion generated revenues of $703 millionfor the fiscal year that ended June 30, 2005 and is traded under theNasdaq symbol HYSL. For more information, please visitwww.hyperion.com.
Safe Harbor Statement
Statements in this press release other than statements ofhistorical fact are forward-looking statements, including, but notlimited to, statements concerning the potential success of anticipatedproduct features, the anticipated product offerings and the potentialmarket opportunities for business performance management software.Such statements constitute anticipated outcomes and do not assureresults. Actual results may differ materially from those anticipatedby the forward-looking statements due to a variety of factors,including, but not limited to the company's ability to retain andattract key employees, the successful and timely development of newproducts, the impact of competitive products and pricing, customerdemand, and technological shifts. For a more detailed discussion offactors that could affect the company's performance and cause actualresults to differ materially from those anticipated in theforward-looking statements, interested parties should review thecompany's filings with the Securities and Exchange Commission,including the Report on Form 10-K filed on August 31, 2005 and thereport on Form 10-Q filed on May 10, 2005. The company does notundertake an obligation to update its forward-looking statements toreflect future events or circumstances.
"Hyperion," the Hyperion "H" logo and Hyperion's product names aretrademarks of Hyperion. References to other companies and theirproducts use trademarks owned by the respective companies and are forreference purpose only.
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