Case Study: Park-Ohio achieves faster financial planning and automated global consolidation with Longview

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

ParkOhio is a diversified global manufacturer with roughly $1 billion in sales that had grown through acquisitions and was managing multiple ledgers, charts of accounts and reporting systems. Financial close, consolidation and budgeting relied heavily on Excel and manual effort, creating slow, error-prone reporting and increasing internal and regulatory demands after becoming a public company.

Longview delivered a standardized corporate consolidation and planning environment, deploying sub-consolidation models for five subsidiaries and using LVIS to automate integrations from multiple source ledgers. With advisory services for design and deployment, the solution unified planning and reporting across the organization and materially sped up the financial planning and close processes.

Park-Ohio