PRNewswire-FirstCall SUNNYVALE, Calif. Nov. 18 :
Hyperion today announced that Wyndham International is using Hyperion
Business Performance Management software. Use of Hyperion`s solutions has
enabled this upscale and leading luxury hotel chain to create a
centralized corporate repository for financial and operational data and
unified systems for budgeting, planning and forecasting.
With hotels and resorts in the United States, Canada, Mexico, the
Caribbean and Europe, Wyndham needed a tool to quickly capture and
integrate corporate budget information across the organization and convert
multiple currencies. The company was using a series of spreadsheets that
were difficult to manage and integrate, so the Wyndham team implemented
Hyperion Planning in just three weeks with assistance from Dallas -based
Hyperion Platinum Partner, InterRel Consulting, creating a corporate
database of information available on the company`s intranet. Now with
Hyperion software, managers can access a unified source of information,
and create reports and forecasts that reflect up-to-date information. For
example, with payroll integrated into the corporate budgeting system,
managers can create reports and forecasts that reflect subtle payroll
adjustments. The integrated information feeds into departmental budgets.
“Before using Hyperion software, we had approximately 73 corporate
departments that were all budgeted through spreadsheets,” said Joe
Rafferty, vice president, strategic planning systems for Wyndham
International. “Now, we have a central database of corporate information
and unified processes that enable us to reforecast every quarter by
department. Previously, the budgeting process took intense manpower as we
regenerated spreadsheets, emailed them out and made sure correct versions
were being utilized.”
The software also gives Wyndham the insight into areas where it can
improve performance and profits.
“We have an audit services department that goes out and performs audits on
our hotels,” Rafferty said. “Auditors can enter results via the Web into
Hyperion Planning and then create reports analyzing the data. They can,
for example, verify that each line item of the audit program is within our
operating standards and make strategic decisions based on the results.”
Rich Clayton, vice president of product marketing for Hyperion, said this
is what Business Performance Management is about-providing companies with
the insight needed for making profitable decisions and continuous
“Wyndham demonstrates how an efficient, collaborative planning process
enables the company to spend less time managing spreadsheets and more time
analysis and forecasting,” Clayton said. “This helps Wyndham create plans
and forecasts that reflect changing business conditions, quickly and cost
Hyperion is the global leader in Business Performance Management software.
More than 9,000 customers rely on Hyperion software to translate
strategies into plans, monitor execution and provide insight to improve
financial and operational performance. Hyperion combines the most complete
set of interoperable applications with the leading business intelligence
platform to support and create Business Performance Management solutions.
A network of more than 600 partners provides the company`s innovative and
specialized solutions and services.
Headquartered in Sunnyvale, California, Hyperion employs approximately
2,600 people in 20 countries and is represented in 25 additional countries
through distributor relationships. Hyperion, together with recently
acquired Brio Software Inc., generated combined annual revenues of $612
million for the 12 months ending June 30, 2003. Hyperion is traded under
the Nasdaq symbol HYSL. For more information, please visit www.
hyperion.com, http://www.hyperion.com/contactus or call 800 286 8000 (U.S.