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Corporate Social Responsibility
News
3.31.2006 ET
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CSR News from:
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Proventia Solutions
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News Category:
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Metso Corporation Integrates Financial And Non-Financial Performance Measurement And Reporting With Joint Proventia And Hyperion Solution
(CSRwire) Proventia Solutions, a Finnish technology and professional services
company specialised in corporate sustainability issues and Hyperion
(NASDAQ:NYSL), the global leader in Business Performance Management
software, today announced the delivery of sustainability management and
reporting software for global engineering and technology corporation Metso
Oyj. The state-of-the-art software solution combines Proventia's
sustainability management and reporting solution with Hyperion´s
market-leading financial management and reporting tool in a single
platform and user interface.
"We strongly feel that non-financial information such as emission
calculations, employee health and safety issues and energy efficiency
calculations should be managed and reported with the same kind of
accuracy, processes and systems as financial data. This allows companies
to use non-financial information efficiently in their management processes
and truly find value in non-financials. With this Hyperion partnership, we
can offer our customers a great opportunity to integrate our
sustainability management framework with the leading financial data
management solution. We are glad to see that innovative companies such as
Metso share our vision and prove this in practice," said Mikko
Valtonen, Managing Director of Proventia Solutions.
With the joint solution by Proventia Solutions and Hyperion, corporations
can not only save time and costs by combining their financial and
non-financial data management and reporting processes, but also get clear
benefits and increased data management capabilities from a single
reporting process and unified software tools.
"It is important for us to utilize our existing Hyperion Financial
Management system to also manage our non-financial information. This saves
time and helps us synchronize our reporting processes, which leads to
better efficiency and more reliable non-financial reporting. Additionally,
this allows us to provide our various stakeholders, such as investors, with
accurate and reliable information, while supporting the sustainable
development of our own operations," said Vice Precident Jouko
Yli-Kauppila, in charge of IPR and Environmental Management at Metso
Corporation.
Hyperion is developing its market-leading financial management systems to
encompass non-financial data management together with Proventia Solutions.
"Systematic monitoring and analyzing of non-financial data enables the
integration of non-financials to business performance measurement. This
way, management is able to gain a more thorough picture about the
performance of its organization, while helping to integrate important
responsibility issues into existing decision-making processes. This has
been proven to create value to our customers," said Mika Salminen,
Managing Director, Hyperion Finland.
Proventia Solutions is a sustainability focused software and professional
services company. Proventia Solutions creates value for its customers by
combining in-depth sustainability knowledge with the latest information
technology solutions. Proventia Solutions has two offices in Finland and
operations in Europe, China and USA through partners.
Proventia Group, founded 1999, is a technology company focused
on increasing customers business efficiency and sustainability
performance. Proventia Group consists of five business units. Proventia
Solutions is sustainability focused software and professional services
company, Proventia Automation is recycling automation technology
provider, Master Automation Group is a supplier of intelligent and
environmentally friendly production automation solutions. WinWind
develops and markets wind power mills, Finnkatalyt provides exhaust
gas purifiers and HFT Network is a provider of integrated
environmental services.
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.
More information:
Proventia Solutions Managing Director Mikko Valtonen
tel. +358 14 621 485 or +358 50 591 2044
Hyperion Finland, Managing Director Mika Salminen
tel. +358 9 4134 6200 or +358 40 510 6466
Metso Corporation, Vice President Jouko Yli-Kauppila
tel. +358 204 825 031
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