Hyperion Solutions today unveiled Hyperion Pillar 4, the newest version of its packaged budgeting, planning, and forecasting application. The upgrade lets businesses incorporate conditional influences and historical trends into budgets and forecasts.
Hyperion Pillar 4 incorporates formulas for linked assumptions, or "what if?" scenarios, into analytic applications so users can foresee the effect of variables on all aspects of a budget, including compensation, sales-volume discounts, and production costs. New time-series pattern recognition considers seasonal trends that are particularly important in the retail and transportation industries. These new features let businesses standardize on a single platform and eliminate standalone spreadsheet applications.
The National Council on Compensation Insurance in Boca Raton, Fla., used earlier versions of Pillar and tested Pillar 4. "It's a terrific budgeting tool, and they keep adding more functionality so we can get more specific and target our numbers better," says Brenda Hankes, a technical support specialist at the council. Hankes also says that the system requires little support. "Once you're up and running, you don't have to depend on your IS department," she says.
Hyperion Pillar 4 will be available at the end of November on Windows 3.1, 95, and 98, and on Mac OS. Pricing starts at $70,000 for 10 users.