Global media company Pearson PLC says it has seen a fast and ongoing return on its investment in financial management solutions from Hyperion. According to an ROI case study, released in December 2006, Nucleus Research found Hyperion Financial Management software paid for itself in 18 months and continues to deliver annual financial benefits of more than $1 million – even after accounting for costs associated with owning and maintaining the system.
"For enterprises investing in financial consolidation solutions, achieving a rapid return on investment often takes a back seat to more pressing priorities," said Mike Malwitz, director of product marketing at Hyperion. "Most organizations are focused on gaining better control of financial processes, improving their data analysis, and achieving faster closes. But with Hyperion Financial Management software, Pearson PLC not only realized all those benefits, but they continue to achieve enormous cost savings and efficiencies as well."
"With Hyperion Financial Management software, we have moved from a decentralized legacy environment to a user-friendly, centralized system that has enabled a faster close, more transparent access to information from over 60 countries, and a standardized process for financial reporting which is compliant to all the current regulatory requirements," said Noel Gorvett, group business systems manager for Pearson PLC, the international media company that published The Financial Times. "With Hyperion, our users can be confident that once they have submitted their data, it is secure, it's transparent, and it's not going to change without their approval."
After first implementing Hyperion Financial Management, the company added Hyperion Planning software. Pearson also plans to migrate to Hyperion System 9 in 2007 in an effort to automate not only the company's financial processes, but its operations as well.
Available today as an application within the Hyperion System 9 BPM platform, Hyperion Financial Management is a comprehensive, web-based financial systems which Hyperion says is built to be owned and maintained by the enterprise's finance team.
