Faced with intense competition, San Miguel is looking to use Hyperion's business performance management solutions to get an edge.
The largest publicly listed food, beverage and packaging company in the Philippinesis using Hyperion to develop a corporate system for consolidation, reporting and analysis of all managerial data across its 90 facilities in the Philippines, Southeast Asia, China and Australia.
SMC reviewed several market players finding Hyperion's systems dynamic and flexible, yet user friendly and quick to accommodate business landscapes changing due to demanding global environment, possible joint ventures, mergers and acquisitions, say company officials.
Hyperion will provide SMC a financial analysis framework for its entire organization, integrating legal consolidation, and management reporting and analysis activities. In addition, Hyperion's suite of services will standardize performance management, and provide managers with a 'single version of truth of the company's operations over the web from remote locations around the globe. This new structure will enable SMC not only to meet its legal requirements but also ease its efforts in disclosing timely and accurate information to the investing community.