Case Study: Urschel Laboratories achieves rapid, accurate multi-entity financial consolidation and planning with Prophix Software

Carving Out a New Finance Function for Urschel Laboratories

Urschel Laboratories, a global OEM of food‑processing machinery with 18 foreign subsidiaries and three U.S. entities operating in 11 local currencies, faced fragmented financial reporting done in disparate Excel formats and a difficult consolidation process. With a tight 60‑day timeline to complete Q1 consolidation for bank reporting and an internally developed ERP, the Office of Finance needed a flexible, fast solution to standardize data and automate consolidation.

Urschel implemented Prophix and rolled out 15 integrated models—covering financials, consolidation, FX, AR, sales, inventory, production and more—integrated with their Clarion/SQL system. Within the deadline they delivered core reporting and consolidation, automated multi‑currency exchange for 11 currencies, and produced company‑wide plan data for external stakeholders; the project also streamlined month‑end processes, increased finance’s operational influence and set the stage for future cash‑flow and profitability planning.

Urschel Laboratories