Marine Link
Wednesday, October 26, 2016

Lockheed Martin Consolidates Planning and Reporting With Hyperion

August 24, 2004

Lockheed Martin Corporation has chosen Hyperion to provide a consolidated planning and reporting system for its Maritime Systems and Sensors (MS2) group. A solution combining Hyperion's Business Intelligence Platform and Business Performance Management application -- Hyperion Planning -- will unify financial planning and reporting across MS2's multiple lines of business. Previously, MS2 had different ledgers, data systems and processes operating in more than half a dozen locations in the United States, which made rolling up its planning and reporting time-consuming and inefficient. The new system will draw data from multiple applications -- SAP, PeopleSoft and Microsoft (MSFT), among others -- and provide an integrated solution for planning and reporting. Lockheed Martin will utilize Hyperion to deliver dashboards and targeted reports to more than 1,000 users at Lockheed Martin. "It's critical for us to be able to deliver dynamic planning and reporting within our business, which is geographically dispersed across multiple locations. The integrated system will enable us to leverage our resources more efficiently and provide real-time financial visibility," said Fred Airhart, finance manager for Lockheed Martin. "We needed a software provider that would sign on as a genuine partner as we aggressively transform our systems and processes for planning and reporting. We chose Hyperion because it's a market leader with proven capabilities and commitment to their customers." Hyperion's easy to deploy and use dashboards provide users with a visual summary of key business data, with the ability to drill down deep into the underlying data fueling their dashboards to gain critical insight into the metrics that ultimately drive performance. "In a company as large as Lockheed Martin, we are challenged to provide meaningful and timely analysis and information to a broad range of internal users, who have varying requirements. Hyperion will help us deliver both high-level visibility and extensive drill-down capability to support detailed analysis," said Airhart. Lockheed Martin has begun a phased implementation that will go live in January 2005 with additional enhancements into 2006.

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