Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
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.
David Bass
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