Prepress
Hess Corporation Selects IBM Cognos Software As Business Intelligence Standard
Friday 13. June 2008 - Global energy company will use IBM Cognos BI to drive more accurate, on-demand reporting, analysis and decision-making across its Marketing and Refining business
Cognos, an IBM company and the world leader in business intelligence and performance management solutions, today announced that Hess Corporation has chosen IBM Cognos BI to deliver a full range of business intelligence capabilities across its Marketing and Refining organization.
A leading global integrated energy company, Hess Corporation is engaged in the exploration and production of crude oil and natural gas, as well as the production and sale of refined petroleum, natural gas, and electricity products. Looking to deliver unified access to critical information in its downstream operations, Hess executives decided to standardize its performance management on a single BI solution.
After an extensive review of competitive offerings, Hess chose Cognos because it delivers the complete spectrum of business intelligence functionality on a single platform, simplifying deployment and use. Specifically, Hess will use IBM Cognos 8 Business Intelligence (BI) within its retail, refining, finance, energy marketing and corporate divisions, connecting all information into a single, enterprise view to provide greater visibility into core business drivers such as customer profitability, inventory levels, and risk positions. Finance managers and business analysts, for instance, will use the software to analyze performance trends and best model future year growth. In retail, IBM Cognos BI will be used to support its U.S. chain of over 1,300 Hess gasoline stations and Hess Express convenience stores, helping managers facilitate analysis and reporting on key store operations metrics – including product, category and segment sales, store performance against plan, and store-by-store comparisons – in order to easily identify trends and make necessary adjustments that drive customer satisfaction and profitable growth.
Hess operations and marketing managers will also be able to use IBM Cognos 8 BI Analysis for Microsoft Excel to perform multidimensional analysis on their data using traditional spreadsheets. With IBM Cognos 8 Go! Mobile, corporate executives, as well as regional and district managers, will be able to use their wireless handheld devices to read and securely interact with corporate performance information and make informed decisions regardless of their location or time.
“IBM Cognos BI offers Hess the best approach to arming management with self-service access to their information that will ultimately lead to more streamlined operations and better decision-making,” said Jeff Steinhorn, Chief Information Officer at Hess Corporation. “We now have a single, intuitive business intelligence solution that moves us to an environment where we can exploit and interact with all of our information systems to better identify trends, drill-down into details, and conduct performance analysis across the downstream organization.”
IBM Cognos 8 Business Intelligence provides decision makers at all levels of the enterprise with groundbreaking capabilities to better manage performance by delivering a consistent, accurate view of all business information. As a complete, flexible product, IBM Cognos 8 BI easily integrates into existing infrastructures with multiple systems and data sources. Its simplified BI environment improves user adoption, enables better decision-making, and provides a robust foundation for departmental BI, enterprise BI and performance management.
“Performance management is all about empowering the right users with the right information to make the kind of decisions that can positively impact customer service, operations and overall organizational growth,” said Susan Gold, Vice President of Industry Marketing & Solutions at Cognos. “We are proud to see such a reputable organization as Hess Corporation invest their trust in our solutions, recognizing the critical role IBM Cognos solutions play in helping them drive visibility into corporate performance and enable a true on-demand enterprise.”