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“Hyperion” has been the dominant brand in the financial reporting space for as long as most of us can remember. But along with other competing products the performance management applications sat astride ERP applications, i.e. superimposed on top of ERP and operational systems – unable to deliver end-to- end visibility of the financial reporting process from subsidiary to consolidation. But when Oracle acquired Hyperion in March 2007 market expectations were generated that this would eventually lead to a coupling of information and transaction systems that would streamline the financial reporting process.
Almost exactly three years later and Oracle has delivered on its ‘promise’, adding two significant new products to its Enterprise Performance Management suite of solutions, namely; “Oracle Hyperion Financial Close Management” and “Oracle Hyperion Disclosure Management”. Both products are designed to close the gaps that companies frequently experience in the financial reporting supply chain, but as Gary Simon, FSN’s managing editor discovers the integration capabilities across the Oracle platform and beyond now make Oracle a compelling one-stop shop.
read more - Sneak preview of Oracle Hyperion "Close Management" and "Disclosure Management"
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IMI PLC, a worldwide firm delivering innovative engineering solutions will adopt Clarity FSR as its external reporting solution. IMI will integrate Clarity FSR with its existing source systems to drive the content behind the firm's Annual Report and Accounts creation, as well as deliver RNS submissions to the London Stock Exchange and XBRL filings to HMRC and Companies House. In addition, Clarity FSR forms a key component of IMI's system for standardising the production of statutory accounts across a number of IMI's subsidiary companies.
read more - Clarity Systems chosen by FTSE 250 Firm for external reporting
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In a move designed to accelerate the reach of SAP solutions across mobile platforms SAP has announced that it has signed a definitive merger agreement to acquire Sybase, Inc.
read more - SAP to acquire Sybase, Inc. for $5.8 billion
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Tagetik, has announced new functionality for budgeting, planning and forecasting processes based on strong integration with Microsoft SharePoint Server and the Microsoft business intelligence platform.
read more - Tagetik 3.0 and Microsoft Sharepoint to streamline budgeting, planning and forecasting
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SAP announced its preliminary financial results for the first quarter ended March 31, 2010. Software revenues for the quarter were up 11 percent from a year ago and software and software related service revenues were up 12 percent.
read more - SAP reports double-digit growth in software and software-related service revenues
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IT2 Treasury Solutions Limited says that London-based Cable & Wireless Communications Plc has successfully implemented the IT2 treasury management system as a best practice solution to support central treasury operations.
read more - IT2 Treasury Solutions implemented at Cable & Wireless Communications Plc
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Microsoft announced yesterday the introduction of Microsoft Dynamics GP 2010, one of its enterprise resource planning (ERP) solutions for midsize businesses. The latest version sports new Role Centers, out-of-the-box Web services and the ability to complete tasks through other software people use every day. Customers will have the choice to deploy the solution on-premises or via on-demand and subscription-based hosting models. The new release will be available via Microsoft’s partner network in Australia, Canada, the Caribbean, the Middle East, New Zealand, South Africa, the United Kingdom, and the United States on May 1.
read more - Microsoft Dynamics GP 2010 launches worldwide
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UNIT4, the global business software company that owns the Agresso and CODA software brands says it has experienced a 30% increase in licence sales and a 51% increase in EBITDA margin in the first quarter of 2010, in line with expectations. Total revenue increased by 6% to €96.8 million in the first quarter, with a strong improvement in licence sales and an 8% growth in contract revenue.
read more - UNIT4 (owner of Agresso and CODA) increases 1st Qtr licence Sales and EBITDA
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PrecisionPoint Software has announced that its Business Warehouse for Dynamics AX (BW4AX), an off-the-shelf data warehouse for self-service analysis and management reporting is now Certified for Microsoft Dynamics AX, in addition to Dynamics NAV.
read more - PrecisionPoint Software brings "BI for the masses" to the Microsoft Dynamics market
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Crucell the biopharmaceutical company will use Runbook’s financial process automation, compliance and control software to standardize and automate its month-end close process when it goes live with its SAP ERP system later this month. Runbook is the rapidly growing GRC (Governance Risk and Compliance) specialist which focuses exclusively on SAP environments.
read more - Crucell selects Runbook for Fast Close in SAP
