from DSSResources.comHigher education institutions employ actionable business intelligence from Hyperion to differentiate academic offeringsSANTA CLARA, Calif., February 7, 2007 -- To better differentiate their schools in the increasingly competitive higher education market, academic institutions around the world are using business intelligence (BI) solutions from Hyperion (Nasdaq Global Select: HYSL), the global leader in Business Performance Management (BPM) software. Hyperion System 9 software allows administrators, decision makers, business users and faculty to remain competitive by using BI to react quickly and decisively to operational and performance management needs. More than 150 universities around the world are using Hyperion software, including Arizona State University, Dartmouth, Rensselaer Polytechnic Institute, University of Vermont, Yale, and University of Sydney (Australia). In addition to relying on Hyperion’s modular suite of integrated financial management software applications for budgeting, strategic modeling and short and long-range planning, academic institutions are increasingly employing Hyperion System 9 BI+ to address performance management challenges. The specific institutional research needs that BI can address for higher education include: Universities must analyze and monitor enrollment trends, geographic, demographic and diversity data, and student satisfaction and retention rates to appeal to the right mix of students. Academic institutions need to tap the information in their existing ERP systems on demand, quickly and in ways that allow them to make fast, accurate decisions. Traditional general ledger tools and enterprise resource planning systems used by institutions do not bring reports, critical metrics, and business data together as meaningful information so decision makers can run the business efficiently while meeting academic challenges. Universities must have a way to monitor grants, research, patents and faculty retention to ensure they are attracting and retaining faculty members that can contribute to the institution’s success. Schools need to transition from delivering standard reports created from transactional systems to interactive reports and dashboards that make on-demand academic analytics available to multiple business users. Hyperion System 9 allows academic institutions to create an integrated, flexible process to steer performance and increase accountability. The single system integrates Hyperion financial management applications with comprehensive BI capabilities for reporting and analysis. Interactive reports and dashboard available on-demand to whoever needs them include the ability to drill down into the aggregate data for more detail. This enhanced level of detail provides insight that leads to true competitive differentiation. “With Hyperion, we have dashboards for admissions, financial aid, compliance, human resources, research and finance that allow users to easily navigate information from our data warehouse to get the insights they need,” said Ora Fish, data warehouse program manager for Rensselaer Polytechnic Institute. “Hyperion gives us a competitive edge by transforming data into information that will help us differentiate Rensselaer in the higher education market.” By using one system for institution-wide performance management, academic institutions can remain competitive by tracking and managing successful programs, financial performance, grants management, endowment funds, and more. Capabilities include: Finance Administration. Finance administrators in the academic environment must monitor and measure the success of unique campaigns and initiatives. Hyperion System 9 enables the setting and monitoring of goals for enrollment levels, fundraising campaigns, and cost reductions across all campuses as well as reporting on diversity, compliance and tuition discounts. Grant Management. Grant administrators aim to gain the maximum amount of research funding while creating minimal overhead. Hyperion System 9 helps institutions assess the true financial value of their programs by giving grant departments the insight to master the challenges of direct and indirect costs, and determine which costs are allowable and allocable. Grant departments can also monitor execution of grant budgets, assess accuracy and efficiency in closing out grants, and report on the status of grant proposals and the availability of funds. Academic Administration. Academic administrators need to make timely decisions based on the overall health of their institutions. Hyperion System 9 allows them to monitor staffing and salary changes, analyze their impact, and fine the root causes of ineffective programs and inefficient processes. A real-time view of their institution’s performance lets administrators more easily make decisions that help them attract top students and exceed accreditation standards. “As competition for students increases, universities need to perform richer data analysis on a myriad of key activities and metrics including enrollment trend, grants management, faculty retention, and the overall student experience,” said Geoffrey Weglarz, director of industry business development for Hyperion. “With Hyperion System 9, academic institutions can quickly and easily deliver information and insight to the right person at the right time. By measuring, monitoring and making decisions based on these key metrics, institutions can gain a detailed understanding of how students will benefit more by attending their school rather than a rival school.” For more information on Hyperion software-based solutions for higher education, visit: http://www.hyperion.com/solutions/industry_solutions/higher_ed/. 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, contact us at http://www.hyperion.com/company/contact/salesrep.cfm?CMP=PR_US. “Hyperion” 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. Safe Harbor Statement 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 September 1, 2006 and the Report on Form 10-Q filed on November 8, 2006. The company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances. Contacts Hyperion Christina Rohall, 408-588-8681 christina_rohall@hyperion.com |