Hyperion, the global leader in Business Performance Management software, today announced that Univar, one of the world’s leading independent distributors of industrial chemicals and providers of related specialty services, has selected Hyperion System 9 to standardize its consolidation, reporting and planning processes on a global basis.
To achieve its standardization goals, the company will use Hyperion System 9 Financial Management software, a comprehensive, Web-based financial systems application that delivers global collection reporting and analysis in a single, highly scalable solution and Hyperion System 9 Planning software, a centralized, financial planning, budgeting and forecasting tool that drives collaborative, integrated, event-based planning processes throughout the enterprise for a wide range of financial and operational needs.
“We anticipate having better financial reporting — from consolidation to planning and forecasting — across the organization with our move to Hyperion System 9,” said Jeffrey Siegel, vice president and corporate controller at Univar. “Being Web-enabled will be a big benefit for data loading and reporting functions, as well as making information accessible throughout the company. The improved process controls and enhanced forecasting and budgeting functions will provide us with more detailed audit trails.”