New Delhi, Delhi, India
Hyperion (Nasdaq Global Select: HYSL), the global leader in Business Performance Management (BPM) software today announced that Larsen & Toubro Limited (L&T) are implementing a suite of Hyperion System 9 solutions to help the company optimize analytic capabilities for high performance multidimensional reporting analysis and modelling across its offices across the country.
"L&T has been using Hyperion Enterprise for some time now and been happy with the results. We have now decided to enhance the solution by implementing Financial Data quality management and will progressively implement other parts of the solution to lead up to full fledged Business Performance Management and Business Intelligence. We think Hyperion's suite that provides solutions right from financial consolidation to BPM and Analytics has the right connectivity and components for the journey. ", said Mr. S. Anantha Sayana, Head, Corporate IT, Larsen & Toubro.
Larsen & Toubro Limited, a leading engineering and construction organization as well as one of the largest companies in India's private sector, has chosen to embark on their BPM roadmap through the implementation of Hyperion System 9 Financial Data Quality Management™, Hyperion System 9 BI+™ and Hyperion System 9 Financial Management™.
"During the fist phase of our BPM roadmap implementation, Hyperion's Financial Management, Financial Data Management and BI+ solutions are rolled out. This will not only allow us to implement checks and balances in our financial reporting, but also provide our departments with necessary information right at their fingertips. With Hyperion, we have moved from a decentralized legacy environment to a user-friendly system. The solutions will enable a faster and more transparent access to information across our offices on intelligence platform with the industry's broadest range of management reporting and analysis capabilities."
"Hyperion Financial Management has emerged as an essential element of the management system for the global enterprise," said Ms Suganthi Shivkumar, Managing Director, Hyperion Solutions, ASEAN and India. "The proof can be found in enterprises around the world, where Hyperion Financial Management underpins strategic corporate initiatives to gain greater internal control over financial data while reducing the cost of compliance and providing timely insight to financial performance to internal and external stakeholders."
Hyperion® System™ 9 Financial Data Quality Management™ (Hyperion FDM) software delivers on this requirement, helping finance workers trust their numbers and lower their cost of compliance. Hyperion Financial Data Quality Management is a packaged solution for finance users that helps develop standardized financial data management processes with its Web-based guided workflow user interface.
Available today as an application within the Hyperion System 9 BPM platform, Hyperion Financial Management is a comprehensive, Web-based financial systems software application that delivers global collection reporting and analysis in a single, highly scalable financial management software solution. Many Hyperion customers have implemented Hyperion Financial Management software to gain control of their financial information and help senior managers become more confident when certifying their annual and quarterly financial results, including disclosure controls and procedures. Although the solution utilizes today's most advanced technology, it is built to be owned and maintained by the enterprise's finance team.
And by implementing Hyperion System 9 BI+ software, enterprises gain a single, comprehensive business intelligence platform with the industry's broadest range of management reporting and analysis capabilities.
About Hyperion
Hyperion Solutions Corporation (Nasdaq Global Select: HYSL) is the global leader in Business Performance Management software. More than 12,000 customers in 90 countries rely on Hyperion both for insight into current business performance and to drive performance improvement. With Hyperion software, businesses collect, analyze and share data across the organization, linking strategies to plans and monitoring execution against goals. Hyperion integrates financial management applications with a business intelligence platform into a single management system for the global enterprise. For more information, visit www.hyperion.com.
About Larsen & Toubro Limited
Larsen & Toubro Limited (L&T) is a technology-driven engineering and construction organization, and one of the largest companies in India's private sector. It has additional interests in manufacturing, services and Information Technology.
A strong, customer-focussed approach and the constant quest for top-class quality have enabled the Company to attain and sustain leadership in its major lines of business across seven decades.
L&T has an international presence, with a global spread of offices. A thrust on international business over the last few years has seen overseas earnings growing rapidly, with factories and offices located around the country, further supplemented by a wide marketing and distribution network, L&T's image and equity extends to virtually every district of India.
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Pia Desai, Comma Consulting, +91 9811041449 pia@comma.in
Siddharth Kumar, Comma Consulting, +91 9810267907 skumar@comma.in
Source: Hyperion (Business Wire India)
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