PLATFORMS: Hyperion Enterprise runs on a local server using Windows NT.
BACKGROUND: Lexis-Nexis offers legal, news and business information and enhanced information retrieval, storage and document management services.
PROBLEM SOLVED: Our parent company was using a mainframe application with a global general ledger that had very cumbersome functions. We were not able to decentralize that function to the desktops of analysts. We wanted our analysts to be able to manipulate the data for their specific needs in applications that they felt comfortable with. Being able to maintain data, and the time and place where that data was captured, while still having the flexibility to reorganize our company makes Hyperion Enterprise an invaluable tool for us.
PRODUCT FUNCTIONALITY: Hyperion Enterprise provides several options which make manual data entry more familiar for Lexis-Nexis' needs. We create reports using a straightforward graphical interface, eliminating the need to learn a reporting language. The ability of Hyperion Enterprise to integrate with today's state-of-the-art transactional management applications and built-in financial features allows us to quickly access our information needs and accurately plan and manage our business.
STRENGTHS: Hyperion Enterprise simplifies the data collection process by providing several options ranging from customizable, manual data entry methods to automated feeds from any general ledger, database or other system- -while validating the data and identifying problems at the source.
WEAKNESSES: The implementation process took three or four months to integrate, but that was because of the way our data was structured. The existing problems with our data are inherent to our business because we have a dynamic business that reorganizes frequently to meet the needs of the marketplace; therefore, it took a little bit longer to appropriately map our source data to this particular application.
SELECTION CRITERIA: In addition to wanting a worldwide system that would help us gain better insight into our business, we were searching for a system that could be user maintained and designed.
DELIVERABLES: Hyperion Enterprise handles our consolidation and reporting system and is also our budgeting and forecasting system. Ninety-five percent of our analytic needs are best met by the summary level results we have in Hyperion Enterprise. It helps us make informed decisions everyday.
VENDOR SUPPORT: We have worked with Hyperion's hotline team as well as pre- and post-sales consultants who are professional and knowledgeable.
DOCUMENTATION: The training manual for Hyperion Enterprise is offered on-line. Hyperion's service- oriented approach--listening and responding to our requests for future documentation inclusions--is an important component of our partnership.
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