Case Study: Alltech cuts 8 days from monthly close with Planful

Alltech Cuts 8 Days From Monthly Close Cycles by Automating Consolidations With Planful

Alltech, a global business with 140+ entities, was struggling with slow, manual financial consolidation that stretched close cycles and reduced confidence in reporting. To address this challenge, Alltech adopted Planful to modernize and automate its global consolidation and financial performance management processes.

With Planful, Alltech automated close and reporting workflows, data transfers, and 95% of intercompany eliminations, while improving ERP integrations and controls. The company cut its global consolidation cycle from 20 working days to a draft by day 7 and hard close by day 12, reduced monthly close time by 8 days, generated thousands of reports for 250+ users, and reported zero audit adjustments over four years.

Alltech

May Xu

Deputy CFO