FSN: Hyperion unveils solution devoted to Capital Expense Planning

Hyperion unveils solution devoted to Capital Expense Planning

6th November 2006
Hyperion has unveiled Hyperion System 9 Capital Expense Planning, which it says is the industry's first packaged solution focused on automating the entire process of planning for capital asset-related expenses. Capital Expense Planning is designed to allow both financial and operational planners to collaboratively manage capital assets and related expenses and instantly assess the impact a specific capital expense might have on general expense plans and financial statements.

The new module is built on Hyperion's integrated business planning framework, designed to ensure accurate forecasts and enhances predictability. Pre-built functionality includes the ability to set global assumptions, such as useful life, depreciation and amortization methods, and cash flow and funding incidences; calculate depreciation and amortization; plan for the addition of new tangible and intangible asset and modify existing capital assets with improvements, impairments, and retirements.

The new module also includes customization tools and capabilities so planners can modify – or even completely redefine – any of the pre-built functionality, such as calculations, accounts and menus based on their unique business requirements.

“Hyperion System 9 Release 9.3 really comes through for finance teams charged with managing capital assets from planning all the way to retirement or sale,” said Thai Nguyen, financial systems manager at Ask.com. “The new Capital Expense Planning module empowers managers to see an asset from nearly every helpful angle. Powerful tools like this have a bottom-line impact on organizations trying to rein in costs and maximize their asset use.”

“Although accurate and predictable forecasts are vital for any organization, many finance groups still rely on manual spreadsheets or customized applications to facilitate the planning process, with only limited involvement from the cost centers,” said Rich Clayton, vice president of product marketing at Hyperion. “Capital Expense Planning is the first packaged application to fully automate the capital expense planning process and to create a collaborative environment in which finance and business operations work together to improve plan accuracy, predictability and accountability. By eliminating manual, time-consuming, redundant and error-prone spreadsheets, enterprises can trim planning cycle time, leaving more time to focus on analysis.”

Because the new module is part of Hyperion's integrated business planning framework, all data entered via Capital Expense Planning is automatically integrated within an organization's main plan generated in Planning, so any change made in the module is instantly reflected in the general expense plan. This shared, real-time access allows planners to efficiently review the effect capital expense plan modifications can have on the income statement, balance sheet, cash flow statement and general expenses.

Hyperion System 9 Capital Expense Planning is planned for release in the next calendar quarter.

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