Hyperion Master Data Management Ensures Data Consistency And Facilitates Collaboration Between IT And Business Users
Companies Make Better Decisions and Reduce Risk with Hyperion MDM
SANTA CLARA, Calif., May 22, 2006 - Hyperion (Nasdaq: HYSL), the global leader in Business Performance Management software, announced today that a growing number of companies are using Hyperion System 9 Master Data Management (Hyperion MDM) to enable visibility and collaboration between Information Technology (IT) and business users in defining, implementing and managing change across systems.
As an integral part of Hyperion System 9 Foundation Services, Hyperion MDM is the industry’s first solution dedicated to Business Performance Management. With its easy to use “point and sync” thin client interface, Hyperion MDM enables non-technical users to directly manage change of BPM master data. Through a formal, rule-driven process, Hyperion MDM synchronizes BPM master data such as business dimensions, reporting structures, hierarchies, attributes and business rules across Hyperion System 9 applications and enterprise systems, including data warehouses, data marts, analytic applications, and transactional systems. Hyperion MDM provides robust master data lifecycle and versioning capabilities, in conjunction with a powerful business rules engine and audit capabilities for validating and verifying changes in master data, both in real time and after the fact.
“Hyperion MDM helps companies tackle the innumerable challenges and costs of operating in today’s constantly changing and competitive global environment,” said Rich Clayton, vice president of product marketing at Hyperion. “By synchronizing data across all systems, Hyperion MDM not only provides users with a single version of the truth but also dramatically reduces development cost and risk and reduces the cost of implementing and maintaining business intelligence and data repository processes.”
Some of the customers who have purchased Hyperion MDM include Avago Technologies, FirstRand Bank, HBOS, Mentor Graphics, Symantec Corporation, Verizon and Xerox Corporation.
FirstRand, a financial services group based in South Africa, will leverage Hyperion MDM within its banking division to increase user productivity, lower security risk, and protect the company’s data integrity.
“With Hyperion MDM, we can eliminate all costly manual master data management processes within our company,” said Tim Green, IT manager at FirstRand. “Hyperion MDM will serve as FirstRand’s central environment to manage master data and automate the changes we make across our organization, which will speed essential processes and ensure data integrity throughout our operations.”
Mentor Graphics, a leading manufacturer of electronic design solutions, implemented Hyperion MDM to maintain the accuracy of master data within its various financial, analytic and transactional systems.
“In our fast-paced and growing business, we need to have confidence in the data across our enterprise,” said Jan-Willem Beldman, team lead for analytical applications and data quality at Mentor Graphics. “The integration of MDM within our BPM system facilitates collaborative data management between our IT department and business owners of data. As a result, we are able to consolidate, correlate and standardize our master data, businesses processes and analytical capabilities so that reporting data is readily available, consistent and accurate.”