Case Study: Elgin Power And Separation Solutions achieves faster, more accurate financial insights and a modern FP&A platform with Planful

Elgin Adds Speed, Agility, and a Platform for Modern Finance with Planful

Elgin Power and Separation Solutions, a 150‑year‑old manufacturer that grew through acquisitions, faced a tangle of inconsistent GLs, charts of accounts, and spreadsheet-driven processes across its plants. Corporate FP&A spent excessive time consolidating and error-checking data, struggled to meet owner reporting requirements, and had limited capacity for deeper financial analysis.

Elgin standardized on Planful as a single FP&A platform—starting with budgeting and forecasting, adding reporting via Spotlight for Office, and working with UHY to train teams—which streamlined month-end workflows and kept familiar Excel interfaces. The change cut manual effort (saving plant controllers about a half‑day each month and the corporate controller up to a week), reduced errors, centralized budgeting, democratized insights, and created a flexible foundation for dashboards, cash forecasting, and continued automation.

Elgin Power And Separation Solutions

Mike Petrauskas

Manager of Financial Planning and Analysis