Thursday, November 09, 2006

Downer EDI chooses Hyperion System 9 for Business Performance Management

Downer EDI Ltd., an AUD $5 billion engineering and infrastructure management leader, plans to exert the same level of control on its fiscal reporting, planning and budgeting that it does on its major customer projects. Central to this effort is an integrated financial management infrastructure built on Hyperion System 9 software.

Faced with the challenges of a rapidly growing organization, Downer EDI sought to establish a standard framework that would enable the company to manage performance, track and report financial results, and meet regulatory requirements for its many divisions, business units and geographies. After evaluating several solutions, the company purchased licenses of Hyperion System 9 Financial Management and Hyperion System 9 Financial Data Quality Management software.

“Very few solutions have the breadth and depth that Hyperion offers,” said Peter Reichler, chief financial officer of Downer EDI. “And since two of our seven divisions already used and trusted Hyperion software, the choice was relatively easy.”

“Hyperion software works out of the box, and it isn’t difficult to use,” said Reichler. “In terms of a key financial control, this is the best piece of software I can find.”

Congratulations to Hyperion for this significant win in our tightly contested market

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