Saab has selected Hyperion Financial Management to replace its internally developed consolidation solution and its cumbersome spreadsheet-based reporting system.
Driven to comply with new accounting standards, such as IAS/ IFRS, and to meet the increased demand for supplementary information, Saab looked for a solution that would allow the company to carry out its own administration and that would be technically powerful with complete Web functionality.
Saab uses Hyperion Financial Management to collect all financial information into a single database, providing global access across the organization. Currently 90 users at Saab are using the new solution to leverage data and make better, informed decisions.
A changeable organization such as ours needs a flexible system support, said Peter Malmersjo, Saabs group chief accountant. Hyperion Financial Management makes comparisons over time easier and makes our own modifications simple. We have now moved away from reliance on consultants and parallel reporting in Excel, two of our major goals.
Hyperion Financial Management enables performance improvement for users at all levels across the enterprise of Saabs global organization, said Rich Clayton, vice president of product marketing for Hyperion. With this implementation, Saab can meet its corporate financial reporting requirements while gaining crucial insight for making strategic business decisions.
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