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Hyperion Financial
Management Solution
Invensys, a global leader in production
technology, is seeking to greatly enhance its
financial reporting and consolidation capabilities
through the purchase of technology solutions from
Hyperion.
"We are a large global organization, operating in over 60
countries with complex financial reporting needs," said
David Thomas, group controller for Invensys. "We
identified a requirement to update our existing platform
with an application that will provide a streamlined,
visible and easy to maintain financial information system.
"After evaluating a number of potential approaches, we
chose Hyperion Financial Management (HFM)," he
added. "We believe that HFM will deliver financial
consolidation, reporting and analysis in a single
scaleable application to meet our needs. Its introduction
will enable us to shorten our financial close process,
providing senior management more time for review. Also
with HFM we saw that the pre-packaged features can be
deployed out of the box quickly and cost effectively which
was particularly attractive for our implementation plan."
HFM centralization gives Invensys the tools with which to
greatly simplify its financial reporting processes and,
with the capability of textual commentaries, provides a
transparent view of the Group's businesses. The
application will provide financial information to managers
and executives irrespective of location. Altogether there
will be some 400 users throughout Invensys.
Source: Hyperion Solutions Corporation
23 Sept 2003
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