New Business-App Tools From Hyperion - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
News

New Business-App Tools From Hyperion

A broad update of business applications could vault Hyperion beyond its financial-management niche.

Hyperion Solutions Corp. this week is updating its business-performance-management and Essbase XTD business-intelligence software. The company hopes to use the new releases, shipping this spring, to break out of its core financial-management niche and into operational reporting and analysis.

The upgrade is timely for Hyperion. New government-mandated reporting regulations such as the Sarbanes-Oxley Act are increasing demand for financial-management apps, says AMR Research analyst John Hagerty. And Hyperion's traditional customers--chief financial officers--have assumed greater management responsibility within many companies since the economy turned sour. "I think they're in a very good position right now," Hagerty says.

Release 3 of the management suite updates planning, financial-management, performance-scorecard, and business-modeling apps. They're designed to be more interoperable through the use of shared analysis tools and single-sign-on features. Business models created for departments and divisions can now be linked to create organizational models for whole companies.

The applications' financial-reporting and compliance capabilities have been enhanced with process controls that meet Sarbanes-Oxley reporting requirements. Also new is the ability to link financial data with supporting documentation, and analysis that provides an audit trail. Personalized scorecards and a customizable user interface are among improvements directed at individual users. And Hyperion's Financial Management app now has a software development kit.

Bell Canada International Inc. is a long-time user of Hyperion's Essbase, Planning, and Enterprise--the latter a financial-consolidation tool--for financial planning and analysis. The company plans to upgrade from release 2.1 of the software to the new version in mid-April, a move that will facilitate plans to implement an 18-month rolling financial-planning process, says Dan Fournier, associate director of financial planning project management. The ability for people to add their own financial details for strategic modeling tasks will also be key. "That's a huge, huge benefit," he says.

With the new release of Essbase XTD, people can simultaneously access and analyze operational data in both relational and multidimensional databases. The software also is more scalable than earlier versions, with new load-balancing, connection-pooling, fail-over, and clustering capabilities.

The new release of Essbase XTD is available now and the complete suite of apps will be available by July. Pricing depends on configuration and number of users, but generally starts around $60,000 for Essbase XTD, $65,000 for the individual applications, and $200,000 for the suite.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
2020 State of DevOps Report
2020 State of DevOps Report
Download this report today to learn more about the key tools and technologies being utilized, and how organizations deal with the cultural and process changes that DevOps brings. The report also examines the barriers organizations face, as well as the rewards from DevOps including faster application delivery, higher quality products, and quicker recovery from errors in production.
News
Think Like a Chief Innovation Officer and Get Work Done
Joao-Pierre S. Ruth, Senior Writer,  10/13/2020
Slideshows
10 Trends Accelerating Edge Computing
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/8/2020
News
Northwestern Mutual CIO: Riding Out the Pandemic
Jessica Davis, Senior Editor, Enterprise Apps,  10/7/2020
Register for InformationWeek Newsletters
Video
Current Issue
[Special Report] Edge Computing: An IT Platform for the New Enterprise
Edge computing is poised to make a major splash within the next generation of corporate IT architectures. Here's what you need to know!
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll