Capiotech and Cap Gemini New Zealand successfully implement HFM for Fonterra

29th January, 2004

MELBOURNE, Australia - January 29, 2004 - Capiotech, a leading services provider specialising in analytical solutions, today announced the successful implementation of the Hyperion Financial Management platform for Fonterra New Zealand. The implementation was a joint effort between Capiotech and Cap Gemini New Zealand.
 
Fonterra is New Zealand's largest company and a significant player in the global dairy industry. Fonterra has substantial interests throughout Asia, Australia, Europe and North and South America. The HFM platform will allow Fonterra to easily perform financial consolidations and reporting across its network of 270+ local and overseas entities.
 
The project was run in Auckland which is the first time Capiotech has undertaken a project outside of Australia.
 
The HFM implementation for Fonterra was Capiotech's second HFM implementation and solidified Capiotech's credentials as the only consulting company in Australia to have implemented HFM.