Hyperion, the global provider of business performance management software, said that Tempur-Pedic International, Inc. is now live on the Hyperion Compliance Management Dashboard to assist with its ongoing Sarbanes-Oxley activities.
The Hyperion Compliance Management Dashboard is the first solution to bring together internal control information with financial data in a dashboard that helps customers quickly and efficiently evaluate the effectiveness of internal controls on material financial accounts.
The Hyperion Compliance Management Dashboard used by Tempur-Pedic is integrated with an existing control monitoring tool and with the Hyperion Financial Management financial consolidation and reporting application. The Compliance Management Dashboard provides "traffic-light" and drill down capabilities that allow senior managers to quickly evaluate the status of compliance efforts, and drill down into lower levels of detail if desired.
"Tempur-Pedic is very pleased with the Hyperion Compliance Management Dashboard," commented Jeffrey Johnson, the company's Chief Accounting Officer. "It is helping us with our ongoing compliance activities by making it easier to focus on key activities and financial reporting control areas. Tempur-Pedic uses the Compliance Management Dashboard to obtain status visibility, clarity and information to direct internal control efforts and provide management reporting. Tempur-Pedic has been a long-time Hyperion customer. Two years ago, we upgraded from Hyperion Enterprise to Hyperion Financial Management in order to improve our financial close process. We view the Compliance Management Dashboard as the next logical step in the continuous improvement of our financial processes."
Hyperion partnered with 1Answer Solutions, a Hyperion Consulting Reseller Partner, in the creation and integration of the compliance management dashboard solution using Hyperion Performance Suite. 1Answer also created a sophisticated and flexible risk assessment calculation for the control metrics.
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