Case Study: ParkOhio achieves real-time non-controlling interest adjustments and faster financial close with insightsoftware Longview

Calculate and Adjust in Real Time for Non-Controlling Interest Percentages and Discontinued Operations

ParkOhio, an industrial supply chain logistics and diversified manufacturing company with roughly 6,000 employees and $1.3 billion in 2016 revenue, faced labor‑intensive, Excel‑based consolidation, budgeting, and reporting processes across multiple acquisitions, disparate systems and charts of accounts, and growing internal and regulatory reporting demands. They engaged insightsoftware to replace manual consolidation and planning workflows using the Longview product suite.

insightsoftware implemented Longview consolidation, planning, budgeting and forecasting plus the Longview Integration Suite (LVIS) and advisory services, deploying a global corporate consolidation with sub‑consolidation applications for five subsidiaries and standardized, integrated planning solutions. By automating data integration between multiple general ledgers and subsidiary/corporate Longview solutions, insightsoftware significantly reduced manual effort and improved the speed of financial planning and close processes.

ParkOhio