The agreement marks the first time that Stern Stewart & Co. has partnered with a software company to develop a software solution uniquely tailored to support its trademarked EVA methodology. The two companies will collaborate to offer this solution worldwide.
This joint offering will help companies embed EVA throughout their organizations with a software solution that is both powerful and sustainable, said G. Bennett Stewart III, co-founder and senior partner at Stern Stewart. It is the perfect platform to bring economic analysis to life. This unique offering makes it possible for corporate executives to institutionalize rational, value-based planning and decision making.
Combining Hyperion’s Performance Management suite with Stern Stewart’s landmark EVA methodologies, the EVA Software Solution will enable companies to model and manage outcomes for maximum shareholder value. The decision analysis capabilities can be deployed on desktops across an enterprise by leveraging Hyperion’s business analysis software. The software also offers a unique Stern Stewart Scorecard for communicating EVA success factors and for measuring performance in terms of value creation.
Working with Stern Stewart allows us to jointly offer the most complete EVA solution available, said Jeffrey R. Rodek, chairman and chief executive officer of Hyperion. Our performance management solution is a powerful framework for organizations to implement corporate strategy and improve operating performance. Using our software and Stern Stewart’s framework, companies can implement EVA throughout an entire organization so that everyone understands their role in value creation and can make the right decisions everyday. There is no other solution like it on the market today.
