Case Study
Plaskolite, headquartered in Columbus, OH, is the leading manufacturer of thermoplastic solutions from acrylic, ABS and copolyester sheet, to the application of performance-enhancing hard coatings. Plaskolite's customized products are used in a wide variety of applications, including windows, doors, lighting, signs, point-of-purchase displays and bath products.
The project was initiated to achieve multiple objectives: create a standardized set of financial reports and dashboards to support both Management and GAAP reporting for internal and external stakeholders; empower business users to create their own reports and dashboards; eliminate the manual manipulation of data in Excel to improve the speed and accuracy of reported results; deliver improved capabilities for budgeting and forecasting that can be expanded over time to include lower levels of detail; reduce manual effort and gain time for more valuable financial analysis.
With the help of MindStream Analytics, Plaskolite selected OneStream XF, a leading solution for corporate performance management. OneStream provides a complete solution, with integrated Consolidation, Financial Reporting, Data Quality, Budgeting, Planning, Forecasting, and Analytics, with a modern, unified platform and extensible dimensionality.
Its unique extensible dimensionality simplifies ongoing application maintenance and data management. It offers the strongest capabilities to improve the monthly close cycle including support for multi-currency, inter-company, and minority interest reporting. It offers flexible and easy-to-use capabilities for planning and forecasting, and OneStream delivers 100% customer success and references.
By migrating to OneStream, Plaskolite has achieved a material reduction in consolidation time and overall Financial Close cycle, eliminated the hours spent compiling and verifying data in Excel, streamlined its Planning, Budgeting and Forecasting model and delivered flexible and timely reporting that enables more strategic analysis of their financial data.
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