Hyperion Strategic Finance Helps ABB; Texas Dept. of Agriculture uses MicroStrategy
Hyperion announced that ABB (provider of power and automation technologies) overcame a major liquidity crisis with the aid of Hyperion Strategic Finance. The Texas Department of Agriculture uses MicroStrategy in numerous business areas including finance, HR, and telecommunications. Approximately 500 state employees use MicroStrategy for reporting, analysis, and monitoring.
Hyperion Strategic Finance is a financial modeling application that lets executives understand the full financial impact of alternative strategies. It saves valuable time spent on building, maintaining and training finance employees on cumbersome spreadsheet modeling tools. Hyperion Strategic Finance delivers pre-packaged modeling and forecasting so finance experts can better spend their time testing alternative strategies, building contingency plans and understanding the impact of those strategies and plans on a company long-term performance
The use of Hyperion Strategic Finance in preparing the ABB group financial plan was instrumental in providing assurance to stakeholders of future cash generation and liquidity. What also impressed ABB about Hyperion Strategic Finance was that the projected results from our 2003 simulation were extremely accurate as compared to the actual results that followed. For example, actual net income for the group in 2005 was within 3% of the projection ABB had determined as part of the simulation ran in 2003.
MicroStrategy's technology has been selected by state and federal government organizations for its reporting features, data scalability, and its ability to be Web-deployed to thousands of users securely. Some of MicroStrategy's government customers include: U.S. Postal Service, U.S. Air Force and U.S. Army, Centers for Medicare and Medicaid Services, Ohio Department of Education, National Institutes of Health, U.S. Census Bureau, State of Tennessee, Department of Housing and Urban Development, and Department of Homeland Security.