Hyperion Headquarters Hyperion Solutions Corporation 1344 Crossman Avenue Sunnyvale, CA tel: fax:

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1 Hyperion Headquarters Hyperion Solutions Corporation 1344 Crossman Avenue Sunnyvale, CA tel: fax: European Headquarters Hyperion Solutions Europe Enterprise House Greencourts Business Park 333 Styal Road Manchester M22 5HY United Kingdom tel: fax: Asia-Pacific Headquarters Hyperion Solutions Asia Pte. Ltd. #24-01 IBM Towers 80 Anson Road Singapore tel: fax: Hyperion Solutions Corporation. All rights reserved. Hyperion, Essbase, Hyperion Pillar, Hyperion Reporting, LedgerLink, and Pillar are registered trademarks and the Hyperion Logo, Essbase-Ready, Hyperion Solutions, Hyperion Activity Based Management, Hyperion Enterprise, Hyperion Essbase, Hyperion Objects, Hyperion Integration Server, Hyperion Performance Measurement, HyperionReady, Hyperion Web Gateway, and See the Future First are trademarks of Hyperion Solutions Corporation. Wired for OLAP is a trademark of Appsource Corporation, a subsidiary of Hyperion Solutions Corporation. All other trademarks and company names mentioned are the property of their respective owners KS-30KAG

2 Hyperion Financial Consolidation and Reporting Solutions...

3 Successful strategy flows from accurate, timely and collaborative knowledge.

4 Today s Business Challenges In today s globally complex, rapidly changing, Internet-linked business environment, the processes associated with financial consolidation are becoming increasingly challenging. To get a handle on business performance, it is essential to consolidate financial data quickly and use that information to examine past performance and understand future opportunities. Every company now faces this challenge, yet few implement comprehensive solutions that satisfy the needs of the entire enterprise. For example, few companies are prepared for transitions associated with the euro, much less positioned to take advantage of euro-related opportunities. Many are still struggling with disparate ERP systems that fail to integrate data effectively. Global accounting requirements and frequent restructuring also present serious hurdles for large and small companies alike. Hyperion Financial Consolidation and Reporting Solutions 3

5 Financial Consolidation and Reporting Challenges As businesses and competitive environments continue to rapidly evolve, operations and finance have to keep pace. Financial departments are providing more and more decision support capabilities, and organizational structures are continually adapting to change. In addition, management is demanding more detailed and qualitative analysis of business results. Globalization complicates consolidation processes. Companies must address specific legal, statutory and tax requirements. Varying and conflicting local and regional requirements, like US GAAP, UK GAAP, FASB, IAS and HGB, add to that complexity, and accounting standards are constantly changing. As a result, very few companies are prepared for the changes let alone strategically positioned to react quickly. The European Monetary Union (EMU) will be the world s largest single market. Any company dealing with or operating in Europe will need to adjust to the euro currency and manage multiple currencies during the transition period. Again, very few companies are ready to adjust to dramatic change or capitalize on significant opportunities generated by the new structure. In terms of technology, many companies are still struggling to integrate ERP systems and leverage all their data sources. Once those issues are resolved, organizations need to go a step beyond ERP transaction processing and provide analysis capabilities to their users. Advanced reporting, analysis, modeling and planning solutions link up these critical pieces of the enterprise and offer highly scalable performance and user access. Industry leaders are heading in this direction. Factors external to the processes of financial consolidation, reporting and analysis are becoming increasingly important, as well. The Internet and electronic commerce have extended the limits and accelerated the pace of integration and globalization. 4 Hyperion Financial Consolidation and Reporting Solutions

6 Common Financial Consolidation and Reporting Difficulties In addition to the various paradigm shifts inherent to globalization, financial consolidation and reporting itself is prone to numerous inefficiencies. Many organizations have to work through countless hurdles in order to complete their financial consolidation and reporting processes. Typical difficulties include: Many financial consolidation processes are manual and error-prone, requiring re-keying of data from multiple, differing financial systems with different charts of accounts into spreadsheets for consolidations. Companies are unable to manage multiple currencies, rates and conversions because they vary by scenario, country and account type (Balance Sheet vs. Income Statement). The new EMU reporting requirements for the euro currency also pose a challenge. Users find it difficult to make top-level, auditable journal adjustments. Reconciling inter-company discrepancies and account balances is a tedious process. Many systems do not support management, tax and legal roll-up structures or statutory audit requirements. The processes don t automatically adapt to changing business hierarchies for management reporting or adjust to the changes resulting from mergers, acquisitions, divestitures and joint ventures. Dynamic organization structures may also include minority ownerships, which most systems cannot handle. The processes provide limited ad hoc reporting on consolidated data and do not address new segment reporting requirements as outlined by the Federal Accounting Standards Board (FASB) and the International Accounting Standards Committee (IASC) in FAS131/IAS14. Reporting needs may differ by group, with some users needing ad hoc access to live data, while others require highly formatted monthly briefing books. Time spent consolidating and organizing reports takes away from time that could be spent on analysis and other strategic activities. Hyperion Financial Consolidation and Reporting Solutions 5

7 Flexible Financial Consolidation and Reporting Solutions As the leader in analytic application software, Hyperion offers financial consolidation solutions for varying needs. Our focus is on analytics and the solutions are open, crossplatform and enterprise class, making them ideal for customization, partner development and utility throughout the department and world. We partner with and develop solutions with industry-leading providers so that customers can choose from a wide range of application-specific, industry-specific and best-of-breed applications. Hyperion offers the leading packaged financial consolidation, reporting, and analysis solutions for companies worldwide. Our packaged, analytic applications simplify complex processes, speed time to closing and greatly enhance financial analysis and planning capabilities. The applications meet and exceed management, legal, and statutory financial consolidation and reporting needs. All major global, local and regional accounting requirements are designed into the products, including extensive support for managing the transition to the European Monetary Union (EMU). Several enhanced features make Hyperion s financial consolidation solutions especially useful to large, global companies. Those include support for: Complex currency conversions Complex inter-company eliminations Minority Ownership & Managing Mergers and Acquisitions Hyperion s financial consolidation solutions integrate with and complement all General Ledger and Enterprise Resource Planning (ERP) systems, providing a flexible analysis environment with common views across multiple data sources. Deployment can be either centralized or distributed. Companies can pull data from multiple GLs with process-specific data loads and specific links to SAP and J.D. Edwards ERP solutions. The solutions ensure a level of flexibility that meets any business need. With Web-based reporting and data entry, spreadsheet add-ins and the powerful Hyperion Reporting applications, Hyperion s financial consolidation solutions support worldwide collaboration and immediate access. With Hyperion s financial consolidation solutions, companies can also build their own custom financial consolidation and reporting solutions. Customers that require simple, multiple-dimensional reporting from their general ledger or those that want to bring together multiple general ledgers can do so with Hyperion s financial consolidation solutions. The ability to build specific business rules and roll-up and analyze different views of financial data helps companies get an enterprise perspective on their business. Hyperion s financial consolidation solutions provide calculation and modeling capabilities as a well as a highly scalable and cost-effective environment for delivering data to different classes of users via more than 50 different information access tools, from Hyperion and Hyperion Alliance Partners. 6 Hyperion Financial Consolidation and Reporting Solutions

8 Saving Time and Money, Gaining Priceless Insight Hyperion financial consolidation solutions greatly reduce the amount of time needed to complete the financial consolidation and reporting cycle. ERP, data warehouse, legacy, general ledger, spreadsheet and manually entered data (available via Web browser) can be quickly translated, consolidated, adjusted, finalized and then reported. Managers, end-users and analysts can then spend more time analyzing information rather than number crunching and preparing data. The whole enterprise benefits from more intelligent, informed and speedy business decisions. Top Ranked by Customers and Industry Analysts More than 6,000 customers and more than two million users worldwide in more than 100 countries use Hyperion solutions. Fifty percent of the Fortune 500, sixty percent of the Fortune 100 and over forty percent of the Financial Times European Top 100 use Hyperion s Analysis Platform. The solutions are top ranked by analyst firms IDC, Gartner Group/Dataquest and META Group, Inc. Our more than 350 Hyperion Alliance Partners offer combined and enhanced solutions that cover the broad range of reporting and analysis needs. Hyperion Financial Consolidation and Reporting Solutions 7

9 Real World Business Benefits Basically, Hyperion enables us to access data more rapidly. The reports we create help executives spotlight business trends and perform analysis. Getting information in the hands of users faster is definitely a huge benefit. Terry Ruel Corporate Manager of Financial Systems SBC Communications, Inc. With Hyperion, we use fewer resources to produce reports, and it takes less time. Hyperion helps us get more accurate information into the hands of our managers, enabling them to make more informed decisions. Rodney Dye Assistant Vice President and Accounting Manager First Security Corporation We selected Hyperion because it allows our users to leverage a strategic platform to access and analyze financial data on our truck products easily and quickly The ease of use and the ability to deploy Hyperion in a short timeframe were primary factors in our decision to implement Hyperion for our analysis applications. Providing critical, timely, fact-based information to the organization is a key objective for our finance department, and in less than three months Hyperion has already assisted us in this endeavor. Jeff Medek Director, Activity Based Management Navistar International Corp. 8 Hyperion Financial Consolidation and Reporting Solutions

10 Complete Financial Management for Improved Business Agility Hyperion s financial consolidation and reporting solutions are part of a comprehensive financial management software suite. As a whole, Hyperion s financial management solutions provide comprehensive support for the reporting, analysis, modeling and planning (RAMP) needs of global finance organizations. With our financial consolidation and reporting solutions you can perform fast, accurate and efficient collection, consolidation and reporting of financial results to internal and external audiences. Finance staff, as well as line managers, can compare and analyze trends in order to better understand business performance. Profitability analysis lets users create, customize, document and execute sophisticated allocation models for product and customer profitability. Users can model powerful what-if scenarios which support reorganizations, mergers, acquisitions, divestitures, changes in economic conditions and competitive environments, and new product or service introductions. Our market-leading planning and budgeting solutions support both bottom-up as well as top-down planning and budgeting processes. They also support the incorporation of actual results into the planning process to allow frequent reforecasting of financial results. Financial Management Cycle Plan Report Strategy Model Analyze Hyperion Financial Consolidation and Reporting Solutions 9

11 Hyperion s financial management solutions are designed by financial people, for financial end users. You can implement and support the system with little dependence on IT staff. Our knowledge of the field is reflected in the depth of our products and the skills of our global consulting and support staff. Hyperion s financial management solutions are a great complement to existing ERP and general ledger systems. With powerful data and metadata integration capabilities, Hyperion provides a flexible financial reporting, analysis, modeling and planning environment that can leverage data being generated in your operational systems and allow you to use it to improve business performance. Hyperion s financial management solutions are supported by a global network of partners, from the big 5 consulting firms to specialist firms who can provide expertise and support for a variety of solutions. 10 Hyperion Financial Consolidation and Reporting Solutions

12 Financial Management and Performance Management Hyperion financial management solutions provide the foundation for and are complemented by Hyperion s performance management solutions. Hyperion Performance Management is a suite of solutions that facilitate benchmarking, strategic planning/eva, activity based management (ABM) and performance measurement. These applications allow organizations to further extend their analysis capabilities. Results from the financial management process form a foundation for performance management so that all aspects of the management cycle (Reporting, Analysis, Modeling, Planning) can be thoroughly explored and acted upon. Each time the financial consolidation process closes, all kinds of opportunities to measure business performance, manage activity, track productivity and measure profitability arise. Integrated data and analysis software allow users worldwide to work more efficiently, define and communicate clear goals, measure key performance indicators, develop and execute competitive strategies, pinpoint successful products and services, and examine macro and micro views of progress. Hyperion Financial Consolidation and Reporting Solutions 11

13 A Foundation for Opportunity and Competitive Edge Hyperion solutions put the mechanisms in place to coordinate information, analyze trends, predict changes and create comprehensive strategies. Organizations can take bold steps based on precise information. Confidence in organizational knowledge systems removes informational risk, while accurate and rapid collaboration within the corporate ranks ensures that everyone is on the same page. With Hyperion, companies have moved beyond the narrow scope of transactional processing software. Instead of merely capturing transactional data, Hyperion helps companies better understand and optimize their business through the implementation of business analysis software solutions. Their employees can model potential scenarios and choose optimal outcomes, understanding the future far ahead of the competition. Ultimately, the strategic, integrated nature of Hyperion s solutions enable profound leaps in business performance. 12 Hyperion Financial Consolidation and Reporting Solutions

14 To discover how Hyperion can help your organization dramatically improve performance and capitalize on future opportunities, visit