Nissan Uses Hyperion for Financial Consolidation of Global Operations
Since forging an alliance with Renault in 1999, Nissan has implemented a series of dramatic restructuring plans to reduce debt and boost sales and profit margin. The company has successfully met all commitments made since 1999 and has set even more aggressive objectives with its new three-year business plan NISSAN Value-Up. Under Value-Up, which began in April 2005, Nissan has committed to the following three goals:
— to maintain the top level of operating profit margin among global automakers for each of the three years of the plan;
— to achieve global sales of 4.2 million units, measured in fiscal year 2008;
— to achieve a 20% return on invested capital on average over the course of the plan, excluding cash on hand.
To achieve these objectives, the global automaker needed a solution for analyzing the data from its SAP R/3 ERP system. With the adoption of Hyperion's software, Nissan is now able to analyze profit of its group companies, including profit per vehicle by market and segment, enabling the company to make better-informed decisions.
Nissan has assigned responsibility for profitability analysis for each vehicle model to its program directors, who use Hyperion to view information regarding earnings by market, such as Japan, North America and Europe – and by function, such as development, procurement and manufacturing. Users are able to drill down for further information such as model code and vehicle features, including on-board navigation systems and type of wheels. Information in the reports is analyzed and ultimately provides visibility into which vehicles, with which features in which markets yield the most profit.
Hyperion Solutions Corporation is the global leader in Business Performance Management software. More than 11,000 customers rely on Hyperion software to provide visibility into how their businesses are performing and to help them plan and model to improve that performance. Using Hyperion software, customers collect data, organize and analyze it, then communicate it across the enterprise. Hyperion offers the industry's only Business Performance Management solution that integrates financial management applications with a business intelligence platform into a single system.
Named one of the FORTUNE 100 Best Companies to Work For (2004), Hyperion serves global customers in 45 countries. A network of more than 600 partners provides the company's innovative and specialized solutions and services. Hyperion generated revenues of $703 million for the fiscal year that ended June 30, 2005 and is traded under the Nasdaq symbol HYSL. For more information, please visit www.hyperion.com.