Case Study: a leading financial firm improves reporting efficiency with Sun Technologies' Hyperion Essbase solution

a leading financial firm reduces reporting requirements by 49% with Sun Technologies

Sun Technologies worked with a leading financial firm that needed to streamline its complex financial reporting. The customer faced challenges in managing separate applications and databases for each of its products, leading to excessive development time, unsynchronized data hierarchies, and high costs for training and administration.

The solution implemented by Sun Technologies involved creating separate physical Essbase databases for each product while maintaining a common structure and using Hyperion Essbase for reporting and data mining. Sun Technologies built a separate corporate database with replicated partitions and provided training for investment managers. This reduced product-specific reporting requirements by 49% and cut training and planning costs by nearly 70%, while ensuring synchronized business hierarchies.