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Tempur-Pedic Improves Effectiveness Of Sarbanes-Oxley Compliance And Reporting With Compliance Management Dashboard

(Aprl 19, 2006)--Tempur-Pedic International is now live on the Hyperion Compliance Management Dashboard to assist with its ongoing Sarbanes-Oxley activities.

The Hyperion Compliance Management Dashboard is the first solution to bring together internal control information with financial data in a dashboard that helps customers quickly and efficiently evaluate the effectiveness of internal controls on material financial accounts.

The Hyperion Compliance Management Dashboard used by Tempur-Pedic is integrated with an existing control monitoring tool and with the Hyperion Financial Management financial consolidation and reporting application. The Compliance Management Dashboard provides “traffic-light” and drill down capabilities that allow senior managers to quickly evaluate the status of compliance efforts, and drill down into lower levels of detail if desired.

“Tempur-Pedic is very pleased with the Hyperion Compliance Management Dashboard,” commented Jeffrey Johnson, the company’s Chief Accounting Officer. “It is helping us with our ongoing compliance activities by making it easier to focus on key activities and financial reporting control areas. Tempur-Pedic uses the Compliance Management Dashboard to obtain status visibility, clarity, and information to direct internal control efforts and provide management reporting.”

Hyperion partnered with 1Answer Solutions, a Hyperion Consulting Reseller Partner, in the creation and integration of the compliance management dashboard solution using Hyperion Performance Suite. 1Answer also created a sophisticated and flexible risk assessment calculation for the control metrics. “The Compliance Management Dashboard is unique in that it combines financial information with compliance data to give company executives a better view into their compliance efforts,” commented Justin Gillespie, President, 1Answer Solutions. “By combining these two sources of data, customers can quickly see areas at risk of non-compliance and the associated exposure. Because Hyperion’s Business Performance Management Platform integrates financial management information with robust analytics, we had the ideal platform for building and distributing the Compliance Management Dashboard. Depending on the sources being used, we can now implement this solution in as little as six to eight weeks.”

“By combining internal control data with financial results, the Hyperion Compliance Management Dashboard provides our customers insights into the quality of the financial information,” stated Rich Clayton, Vice President of Product Marketing at Hyperion. “Together with Hyperion Financial Management, this new solution will lower compliance costs and provide customers with the confidence they need to comply with Sarbanes-Oxley.”

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