Hyperion wins BPM software deal with Billabong

Stan Beer
Sunday, 05 November 2006 08:25

IT Industry - Deals

Business performance management software vendor Hyperion has won a deal with surf and sporting goods manufacturer Billabong International to provide a financial management solution to automate the boardsports company's financial reporting processes.

An Australian Stock Exchange listed company with a market capitalisation of approximately US$2.5 billion and operations worldwide, Billabong International markets, distributes and sells boardsport apparel, accessories, footwear, eyewear, wetsuits and hard goods. The company’s product brands include Billabong, Element, Von Zipper, Honolua Surf Company, Kustom, Palmers Surf and Nixon.

“By transforming our existing consolidation reporting process into one that leverages the Web-based Hyperion Financial Management, we estimate we’ll realize significant time savings,” said Craig White, Chief Financial Officer of Billabong International Limited. “At the same time, we’ll improve the integrity of our reporting and compliance data with Hyperion Financial Data Quality Management, which in turn helps us manage internal control risks as we continue to grow.”

Billabong expects to complete the consolidation phase of its worldwide Hyperion implementation by mid 2007, with full compliance capabilities up and running later that year.