Telenor Using Hyperion Software for Unified Financial Management

Friday 19 December 2003 11:03 CET | News

Norwegian telecommunications provider, Telenor, has purchased Hyperion Business Performance Managementsoftware to help the company optimize its IT infrastructure while improving financial management.

Telenor had previously used individual applications from various suppliers in its subsidiary companies to support financial management tasks including budgeting, analysis and reporting. The company chose to implement Hyperion software as part of a cost savings initiative that includes reduction in the number of its technology vendors, optimization of IT architecture and an improved rate of return on technology investments. Telenor has implemented Hyperion Planning for budgeting, which it will use as an integral part of a budget management process that includes a top-down and bottom-up approach. This approach includes decentralized administration and development of local budgets that roll up to support Telenors global operations. Hyperion software will be used by approximately 500 employees at Telenor, the largest Norwegian telecommunications company with significant international business as a mobile phone operator.

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce