Hyperion, a global leader in business performance management software, and Movaris, the innovative software company that automates and unifies account reconciliations, SOX compliance, financial close and financial reporting processes, announced a strategic partnership to market integrated solutions that address the critical issues associated with the "last mile" of finance. The last mile refers to the series of steps and activities involved in the financial close, from consolidation through a company's public disclosure of its financial results, including filings with the SEC. The process of preparing financial statements is the final opportunity to identify and address the issues or errors that could later result in a restatement of financial results.
The first solution to be marketed under this partnership is the Integrated Close Solution, which enables customers to better integrate, manage and control the data, processes and workflow throughout the financial close and compliance process. The Integrated Close Solution joins data and functionality from Hyperion System 9 Financial Data Quality Management and Hyperion System 9 Financial Management modules with the Movaris OneClose financial controls, account reconciliation and financial close solution. Users gain unprecedented transparency, visibility and efficiency across both the data and process activities of the financial close, resulting in increased financial data quality and accuracy.
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