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CoorsTek Case Study

Streamlining Financial Consolidation and Reporting at CoorsTek with OneStream

CoorsTek, a renowned materials science company with a history spanning over a century, specializes in developing proprietary technical ceramic material formulations. Serving a wide range of essential industries, CoorsTek collaborates closely with customers to meet their demanding component needs. However, CoorsTek faced challenges in their financial consolidation and reporting processes, requiring manual intervention from the CoorsTek and Keystone finance teams.

Challenges Faced:

CoorsTek encountered significant obstacles in their financial consolidation and reporting processes:

Solution Provided by MindStream:

CoorsTek partnered with MindStream, a leading provider of enterprise performance management and business intelligence solutions, to overcome their financial consolidation and reporting challenges. MindStream implemented OneStream, a unified corporate performance management platform, offering the following solutions:

Outcome and Benefits:

The collaboration between CoorsTek and MindStream resulted in significant improvements in CoorsTek's financial consolidation and reporting processes:

Scalability for Future Phases:

The implemented OneStream solution provides a robust platform for future expansion and additional functionalities. CoorsTek can easily adapt and scale their financial consolidation and reporting capabilities to meet evolving business needs.

With a unified platform and enhanced capabilities, CoorsTek now has a solid foundation for future growth and innovation in their financial consolidation and reporting practices. By partnering with MindStream and implementing OneStream, CoorsTek has not only achieved immediate benefits in terms of simplified processes and improved administration but also positioned themselves for long-term success. The collaboration between CoorsTek and MindStream exemplifies the power of leveraging advanced technology solutions to overcome complex financial challenges and drive greater efficiency and accuracy in financial operations. As CoorsTek continues to evolve and meet the demands of their industry, their investment in streamlining financial consolidation and reporting will undoubtedly contribute to their continued growth and success.

Partner SpotLight

OneStream aligns to your business needs and changes more quickly and easily than any other product by offering one platform and one model for all financial CPM solutions. OneStream employs Guided Workflows, validations and flexible mapping to deliver data quality confidence for all collections and analysis while reducing risk throughout the entire auditable financial process.

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