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Booz Allen Hamilton Gains Visibility into Global Data at the Push of a Button with Hyperion System 9

  • 08 November, 2005 12:42

<p>Consulting firm Booz Allen Hamilton, which provides strategy and technology support for commercial and government clients worldwide, needed greater access to accurate, internal financial and operational information that was available on a more timely basis. In Hyperion System 9, the firm discovered a solution that not only met those needs but also made the information available through on-demand, one-click access, via the Web.</p>
<p>“In today’s environment, client requirements can change in a heartbeat,” said Dan Miller, senior manager with Booz Allen. “Being able to react and be nimble in the marketplace is of paramount importance. We need the flexibility—the adaptability—to look at our data in different ways, so that our users can make key decisions with speed, accuracy and confidence.”</p>
<p>“Hyperion System 9 features a front-end interface to all Hyperion applications, making it possible for us to access the performance management data we need to better support our clients worldwide,” said Kevin Cook, director of Firmwide Financial Reporting Systems at Booz Allen. “With the touch of a button, we have visibility into a wealth of current, accurate information, ranging from the financial performance of the firm to operational metrics.”</p>
<p>The company is also using the Hyperion System 9 integration with Microsoft Office to increase productivity. “We develop presentations frequently,” said Cook. “We have been updating financial data presentation-by-presentation in a time consuming, manual process. With Hyperion System 9, we will be able to automatically update presentations, pulling data out of our global data warehouse. It will be a tremendous time saver.”</p>
<p>Standard Platform for Information Delivery</p>
<p>In the past, Booz Allen has relied on manual processes and a combination of reports to gather and present information from separate accounting and reporting systems. Now, the company will use Hyperion System 9 to provide a single, centralised view into the firm’s performance. Through Hyperion System 9, the company will be able to standardise its business practices and provide a single view of crucial performance management information to senior leaders.</p>
<p>“Before, we had data in separate accounting and reporting systems,” said Miller. “Hyperion System 9 gives us a one point, one click solution that enables us to combine that information to help us go after the market as a unified force.”</p>
<p>Hyperion System 9 is also being used to combine financial and operational data for the company, providing greater drill down capabilities into critical information than was previously available.</p>
<p>Saving Money, Saving Time, Delivering Superior Results</p>
<p>Hyperion System 9 will have the added benefit of accelerating the reporting of financial and operational information at the firm. With Hyperion System 9, the company will be able to pull information from the global data warehouse by the sixth business day of the month, approximately 10 business days earlier than under the previous method.</p>
<p>Additionally, Booz Allen anticipates lowering infrastructure and administrative costs through Hyperion System 9, and training costs will be reduced, thanks to ease of use of the new solution.</p>
<p>Partner Involvement</p>
<p>Hyperion partner Palladium Group Inc., a leading professional services firm enabling clients to execute strategy, played a key role in the pilot program, working with Hyperion to define customer requirements and developing a number of modules to meet customer needs. The company continues to work with Hyperion and Booz Allen to expand the implementation with additional modules.</p>
<p>“Palladium and Hyperion worked together to provide Booz Allen Hamilton with a unified solution to deliver timely and accurate data through Hyperion System 9,” said Tom Phelps, executive vice president of Palladium Group, Inc. “We look forward to further collaboration on the implementation and continuing to tap into the power of Hyperion System 9 to meet our client’s needs.”</p>
<p>“Hyperion System 9 makes it possible for Booz Allen Hamilton to deliver superior support to the consultants who serve its government and commercial clients,” said Rich Clayton, vice president of product marketing for Hyperion. “Users can go from the high level view to supporting details with ease using the point and click interface. Having a single, unified version of the truth that is easily accessible for fast decision making will provide a competitive advantage for the firm.”</p>
<p>About Hyperion</p>
<p>Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 10,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organise and analyse it, then communicate it across the enterprise. Hyperion offers the industry's only Business Performance Management solution that integrates financial management applications with a business intelligence platform into a single system.</p>
<p>Named one of the FORTUNE 100 Best Companies to Work For (2004), Hyperion serves global customers in 45 countries. A network of more than 600 partners provides the company’s innovative and specialized solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2005 and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com.</p>
<p>Safe Harbor Statement</p>
<p>Statements in this press release other than statements of historical fact are forward-looking statements, including, but not limited to, statements concerning the potential success of anticipated product features, the anticipated product offerings and the potential market opportunities for business performance management software. Such statements constitute anticipated outcomes and do not assure results. Actual results may differ materially from those anticipated by the forward-looking statements due to a variety of factors, including, but not limited to the company's ability to retain and attract key employees, the successful and timely development of new products, the impact of competitive products and pricing, customer demand, and technological shifts. For a more detailed discussion of factors that could affect the company's performance and cause actual results to differ materially from those anticipated in the forward-looking statements, interested parties should review the company's filings with the Securities and Exchange Commission, including the Report on Form 10-K filed on August 31, 2005 and the report on Form 10-Q filed on May 10, 2005. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.</p>
<p>“Hyperion,” the Hyperion “H” logo and Hyperion’s product names are trademarks of Hyperion. References to other companies and their products use trademarks owned by the respective companies and are for reference purpose only.</p>
<p>Media Contact
John Back
Kinetics
+61 2 9976-6611
john@kinetics.com.au</p>

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