This month we continue our look at real companies enjoying the benefits of business performance management (BPM). Organizations should not overlook the bread-and-butter functionality that BPM has been providing almost from the start. This would include shortening the monthly close cycle with a streamlined financial consolidation process, and making budgeting and planning less painful by reducing the reliance on spreadsheets.
Hyatt Hotels was a company with strong needs in these areas, which they addressed by purchasing Hyperion's Financial Management (HFM), Planning, Strategic Finance and Essbase. In recent years, Hyatt Hotels acquired the AmeriSuites hotel chain and reorganized their international and domestic business units into a single global business. It soon became obvious that they needed a single, comprehensive platform for finance and analysis.
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