BW2088 SEP 27,2000 4:09 PACIFIC 07:09 EASTERN
( BW)(CA-HYPERION)(HYSL) HYPERION PERFORMANCE SCORECARD INTEGRATES
WEB-DEPLOYMENT AND WORLD-CLASS BENCHMARKING
Business Editors
SUNNYVALE, Calif.--(BUSINESS WIRE)--Sept. 27, 2000--
Partnership with answerthink Brings Fixed Time, Fixed Cost
Implementations and Best Practice Capabilities to Scorecards
Hyperion (Nasdaq: HYSL), a leader in business analysis software,
today announced that its Hyperion Performance Scorecard now features
full Web-deployment and advanced benchmarking capabilities. In
partnership with answerthink, inc., Hyperion will bring fixed time,
fixed cost implementations and best practice capabilities to Hyperion
Performance Scorecard. This enterprise-class balanced scorecard
application is designed to empower all levels within an organization
to act upon corporate strategy.
"Hyperion Performance Scorecard incorporates a direct link to the
world class benchmarking capabilities of Hackett Benchmarking &
Research, part of eBusiness services provider answerthink, in addition
to offering enhanced scalability and a greater range of features,"
said Eileen Garry, general manager and vice-president of Hyperion's
Performance Management division. "The integration of Hackett findings
allows users to add externally relevant benchmarks into their balanced
scorecard. By comparing with the `best and the rest', organizations
can better recognize areas in which they can improve to build,
maintain or extend their competitive advantage. Hyperion Performance
Scorecard is the only software product available that is integrated
with Hackett data and, therefore, has a truly unique ability to
unearth best practices."
As part of the collaboration, answerthink (NASDAQ: ANSR), and
Hyperion are offering the Scorecard Launch Program- a fixed cost,
fixed time implementation process. Depending on the scale and scope of
the implementation, customers are offered 8-, 16- or 24-week project
packages. The customer knows from the start what will be delivered,
when, and how much it will cost - eliminating much of the risk
associated with the implementation of management systems like balanced
scorecards.
"Hyperion has signed a contract with answerthink that provides
access to our Hackett Benchmarking & Research database," said David
Axson, managing director at answerthink and leader of its business
strategy practice. "Our collaboration clearly differentiates Hyperion
Performance Scorecard in the marketplace. Combined with the Scorecard
Launch Program, this package offers companies a unique combination of
market leading software, performance benchmarks and rapid
implementation.
"By leveraging the open architecture of Hyperion Essbase OLAP
Server, Hyperion Performance Scorecard enables business users to
implement balanced scorecards enterprise-wide, and provides a common
platform for other performance management and business analysis
applications. This greatly simplifies both implementation and use and
provides a scalable capability that can be tuned to the widest
possible range of organizations."
Duke University's Health System Strategy team is leveraging
Hyperion Performance Scorecard to communicate strategy and establish a
clear "line of sight" from high-level strategic objectives down to
everyday tasks and activities within their many hospitals and service
units. Scorecards are currently being implemented and rolled-out for
each entity with an ultimate goal of establishing a consistent
performance management system throughout the organization.
"Hyperion Performance Scorecard provides the framework to help us
translate our strategy into tangible actions. At the same time, it
allows us the flexibility to tailor the system to our own particular
service-oriented needs. The inclusion of Critical Business Areas that
`own' each action in the strategy helps drive home the ownership and
responsibility for achieving our strategy at all levels of the
organization," said Julie Pickel, director of performance analytics at
Duke University Health System, a customer of Hyperion Performance
Scorecard. "Hyperion Performance Scorecard is more than another piece
of software; it facilitates the thought process behind strategy
definition and balanced scorecard development."
Key Features in Hyperion Performance Scorecard
Hyperion Performance Scorecard is an essential component to
successful performance management as it enables users to translate
strategic vision into concrete goals, objectives, critical success
factors and actions. It has now been enhanced in many ways to help
monitor the pulse of an organization. Specific enhancements include:
-- Ability to select from best practices measures libraries - with
over 2600 measures to choose from
-- Integration with world-class benchmarking services from Hackett
Benchmarking & Research
-- Web reporting for fast enterprise deployment
Hyperion's Eileen Garry summarized, "This is an exciting solution
for any organization looking to introduce balanced scorecards as a
performance management tool. With our links to Hackett Benchmarking &
Research and our answerthink partnership, Hyperion can provide
remarkable intelligence to customers through access to industry best
practices. For companies just venturing into the realm of performance
management, Hyperion Performance Scorecard now delivers a packaged set
of industry metric libraries that can be used to design the right
scorecard. Companies can see what everyone else is measuring to be
competitive."
Availability
Hyperion Performance Scorecard is available now and runs on
Microsoft Windows `95, Windows `98, Windows NT and works within all
Hyperion Essbase OLAP Server environments.
About Hyperion
Hyperion is a leader in business analysis software. Hyperion helps
business leaders plan, manage and execute on strategies by analyzing
information on e-business initiatives, supply chain execution,
customers, operations and finance. The company's market-leading OLAP
(online analytical processing) technology, packaged business analysis
applications and tools are used by 6,000 organizations worldwide,
including more than 60 of the Fortune 100 and more than 40 of the
Financial Times European Top 100. In addition, more than 400 Hyperion
alliance partners deliver technology, applications and services to
increase the flexibility and choice for customers. Headquartered in
Sunnyvale, California, the company has offices in 26 countries. More
information is available at http://www.hyperion.com,
info@hyperion.com, or 1-800-286-8000.
Hackett Benchmarking & Research
Hackett Benchmarking & Research, previously known as The Hackett
Group when acquired by answerthink in 1997, is considered the world's
foremost best-practices benchmarking firm. The firm maintains ongoing
benchmark studies in a wide range of fields, including finance, human
resources, information technology planning/performance measurement,
procurement, customer contact centers and shared services.
About answerthink
answerthink, inc. (www.answerthink.com) provides comprehensive
eBusiness strategy, marketing and technology-enabled solutions focused
on the emerging Internet-driven marketplace. As an eBusiness leader,
the Company offers a wide range of integrated solutions, including
best practices benchmarking, eBusiness strategy and architecture,
branding, interactive marketing, web design and implementation, and
technology integration. These solutions span multi-entity functional
areas and include supply chain, sales and marketing, customer support,
finance, human resources, information technology, and procurement as
well as a line of business specialty markets such as retail,
healthcare, and automotive.
Hyperion's 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 analysis 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 28, 1999 and the company's Report on Form
10-Q filed on May 15, 2000. The company does not undertake an
obligation to update its forward-looking statements to reflect future
events or circumstances.
Hyperion and Essbase are registered trademarks, and Hyperion
Solutions and Hyperion Performance Scorecard are trademarks of
Hyperion Solutions Corporation. All other trademarks and company names
mentioned are the property of their respective owners.
--30--eb/ny*
CONTACT: Hyperion
Christopher Webb
+44 161 498 2230
chris_webb@hyperion.com
OR
Brodeur Worldwide
Crystal Patriarche
602-282-5467
cpatriarche@brodeur.com
OR
answerthink
James Kenny
330-656-3110, x5349
jkenny@answerthink.com
KEYWORD: CALIFORNIA
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS E-COMMERCE HARDWARE
INTERNET SOFTWARE