Rapidly-Growing Energy Firm Saves $100,000 in Administrative Costs and Reduces Budget Creation Time by 152 Man-Hour Days.
Hyperion (Nasdaq Global Select: HYSL), the global leader in Business Performance Management (BPM) software, today announced that Canadian energy leader Inter Pipeline Fund (Inter Pipeline) has successfully leveraged Hyperion BPM solutions to trim more than $100,000 in administrative costs while reducing the number of hours it takes to prepare budgets by 76 percent.
A global petroleum transportation, storage and natural gas liquids extraction business based in Calgary, Alberta, Inter Pipeline achieved the efficiencies by automating a manual, spreadsheet-based budgeting and reporting infrastructure, even as it saw its revenues grow by more than 1,000 percent in the past five years. In June, Inter Pipeline ranked 62nd on Profit Magazine’s PROFIT 100 list of the fastest growing companies in Canada. [Read more…]