The company had been using Hyperion Enterprise, but determined it needed to upgrade to Hyperion Financial Management.
Hubbell Incorporated is a global, publicly traded company that needed a powerful enterprise performance management (EPM) solution to streamline its current financial close and consolidation process. The company had been using Hyperion Enterprise, but determined it needed to upgrade to Hyperion Financial Management (HFM) for two primary reasons: first, it had outgrown Enterprise. While Hubbell’s Enterprise user base of more than 150 people worldwide could still use Enterprise, work couldn’t be completed as efficiently as was necessary. For example, the current loading tool would only allow access by one entity at a time, and with Hubbell reporting approximately 100 different entities, this often created challenges and delays in close. Hubbell also hoped to achieve more detailed insights into their business with the new deployment. The second reason was that Oracle was discontinuing premier-level support for Enterprise in April 2013.