A Hyperion Customer Success Story
San Miguel Corporation
Southeast Asia's largest publicly
listed food, beverage, and
packaging company
“Since 1998, Hyperion Enterprise has ensured the accuracy of
our data and has provided the necessary flexibility to allow
us to meet the many management requirements and
changes to our company structure. With the recent purchase
of Hyperion Planning, we are now seeing a transformation
in our planning and budgeting process, which will enable
our management team to make more informed and faster
business decisions.”
San Miguel Corporation
Asian Conglomerate Feasts On Hyperion
For Management Reporting
Summary
In recent years, San Miguel has experienced
tremendous growth. This growth has
prompted the food conglomerate to focus
on establishing a single source of performance information. Since the rollout of
Hyperion Enterprise in 1998, the company
has most recently extended its investment
in Hyperion with the implementation of
Hyperion Planning. Together, these products
have enabled San Miguel to streamline the
consolidation and planning processes and
enable more detailed analyses across the
company.
As San Miguel continues to expand through
mergers and acquisitions, Hyperion is providing
the company with the necessary flexibility
to adapt to changing market conditions.
About San Miguel Corporation
Headquartered in the Philippines, San Miguel
Corporation is consistently ranked among the
leading Asian enterprises by respected regional
and international business publications. It is
Southeast Asia’s largest publicly listed beverage,
food, and packaging company and one of the
region’s biggest and preferred private employers.
Founded in 1890 as a brewery, the company
today has 114 world-class facilities that operate
beyond the Philippines to Australia, China,
Vietnam, Indonesia, Malaysia, and Thailand,
and exports to 24 countries. It has expanded
its operations through numerous acquisitions
and joint ventures with major international
companies that include Coca Cola Company,
Hormel Food Corporation, and Yamamura
Glass. It also has a strategic equity alliance
with Japan’s leading brewer and global player,
Kirin Brewery Company, Ltd. Continuing a
tradition of product quality, San Miguel draws
on its unique strengths in brands and distribution to weave its products more deeply into
the fabric of everyday life.
Industry
Manufacturing-Consumer Packaged
Goods
Product(s)
• Hyperion® Enterprise®
• Hyperion Planning™
Challenge
• Support rapid global growth
• Streamline financial consolidation
process
• Extract timely, detailed information
from SAP R/3
• Provide managers with more timely
performance information
• Upgrade planning and budgeting
systems
Solution
• Implemented Hyperion Enterprise
to automate the consolidation
process
• Implemented Hyperion Planning to
automate and upgrade planning
and budgeting systems and
processes
Results
• Sped-up and improved accuracy of
consolidation process
• Increased timeliness and flexibility
of reporting
• Seamlessly incorporated financial
data from SAP R/3 system to deliver
valuable reporting capabilities,
including “what-if” modeling
• Enabled incorporation of newly
acquired companies’ financial data
• Processed financial results in multiple
currencies
Moving beyond spreadsheets
Until 1998, the company’s financial consolidation process
failed to keep pace with its rapid growth. While the company
had an SAP R/3 system in place to handle its day-to-day
transactions, San Miguel still relied on manual, spreadsheetbased processes to consolidate and report on this data. Prior
to Hyperion, San Miguel relied heavily on in-house systems
and spreadsheets, so it was difficult for the company to consolidate or analyze its data. This became a major concern as
the company continued to acquire new businesses.
Flexibility supports growth
As the company continued its expansion, San Miguel needed
a way to centralize and automate its financial consolidation
process. With Hyperion Enterprise, San Miguel has been able
to generate timely and accurate management reports. It also
provided flexibility to easily adapt to the development and
changes in the company. With the acquisition of new companies
and the subsequent restructuring of the company, Hyperion
Enterprise made it possible to incorporate with ease the new
company data and changes into the consolidation process.
Hyperion Enterprise has not only accelerated and streamlined
San Miguel’s financial consolidation process, but it also
supports the company’s multi-currency needs. With Hyperion
Enterprise, San Miguel subsidiaries are able to enter numbers
in their local currency and get a report in that currency. At
the corporate level, San Miguel can easily generate reports
in U.S. dollars for comparison and Philippine pesos for the
company’s consolidation process.
User-friendly planning functionality
Much like its financial consolidation processes, San Miguel’s
planning and budgeting processes were similarly stretched
beyond capacity. The company’s spreadsheet-based budgeting system was cumbersome and inefficient. Because the
company was relying on multiple disparate data sources, the
reports were inconsistent. As a result, the company’s financial
division had difficulty meeting reporting deadlines. And as
the company began to expand more aggressively, the challenges became even more intense.
Meanwhile, many of San Miguel’s newly acquired companies
used spreadsheet-based planning tools, resulting in additional
disconnected sources of information. With over 26,000
employees across Southeast Asia, it had become critical for
San Miguel to develop an integrated, flexible system.
To address these challenges, San Miguel selected Hyperion
Planning. Key to San Miguel’s selection was Hyperion’s userfriendliness, flexibility, customer service, and global functionality. In addition, the company was already confident in
Hyperion because of success it had achieved using Hyperion
Enterprise for its consolidation process.
Preventing surprises with Hyperion Planning
With Hyperion products, San Miguel has integrated its performance management processes to give managers around
the world a single version of results. As a result, San Miguel
can more easily meet legal reporting requirements and disclose timely and accurate financial information to investors.
With Hyperion Planning, San Miguel can compare actuals
with budgets, or analyze how the company’s profitability will
look based on the projections of its individual businesses.
San Miguel has currently rolled out Hyperion Planning to two
businesses, and adoption across these divisions has been
swift: within two months, the company’s new users in the
beer and flour division have gained complete familiarity with
Hyperion Planning and are now able to run their budgets on
their own without assistance from IT.
Hyperion Planning has also enabled the company to adapt to
changes in the market as they occur. For example, Hyperion
Planning makes it possible to run “what-if” scenarios that
help the company identify the most effective ways of dealing
with sudden changes – whether that means increasing prices
or finding new ways to lower expenses.
All in all, Hyperion continues to be embraced by San Miguel’s
finance group as the perfect complement to the company’s
SAP R/3 system.
Hyperion Solutions Corporation Worldwide Headquarters
5450 Great America Parkway, Santa Clara, CA 95054
voice 1.408.588.8000 / fax 1.408.588.8500 / www.hyperion.com
Copyright 2006 Hyperion Solutions Corporation. All rights reserved. “Hyperion,” the Hyperion logo and Hyperion’s product names are trademarks of Hyperion. References to other companies and their products
use trademarks owned by the respective companies and are for reference purpose only. No portion hereof may be reproduced or transmitted in any form or by any means, electronic or mechanical, including
photocopying, recording, or information storage and retrieval systems, for any purpose other than the recipient’s personal use, without the express written permission of Hyperion. The information contained
herein is subject to change without notice. Hyperion shall not be liable for errors contained herein or consequential damages in connection with furnishing, performance, or use hereof. Any Hyperion software
described herein is licensed exclusively subject to the conditions set forth in the Hyperion license agreement.
6237 0706