Guardian Industries Success Story | OneStream Software |  

Guardian Success Story and Video Testimonial

About Guardian Industries Corp.

Guardian is a diversified global manufacturing company headquartered in Auburn Hills, Michigan, with leading positions in float glass, fabricated glass products, fiberglass insulation and other building materials for commercial, residential and automotive applications. Its automotive trim group, SRG Global Inc., is one of the world’s largest suppliers of advanced, high value coatings on plastics. Through its Science & Technology Center, Guardian is at the forefront of innovation including development of high performance glass coatings and other advanced products. Guardian, its subsidiaries and affiliates employ 18,000 people and operate facilities throughout North America, Europe, South America, Asia, Africa and the Middle East. Visit www.guardian.com.

The Challenge

Guardian Industries needed to replace their custom Hyperion consolidation solution and their home grown financial reporting solution that relied on IT for
improvements and maintenance.

Business Problem

Guardian needed a unified solution for all of their Financial Consolidation & Reporting, Budgeting and Analysis, all owned by the office of Accounting across multiple divisions. Guardian also wanted to give operationally relevant management reporting to the businesses. Finally, they needed to deliver an Accounting-controlled and maintained forecasting solution for their automotive trim division.

Solution

Guardian implemented OneStream XF to deliver multiple and related solutions to meet all Financial Reporting requirements in one application.

Results

“OneStream XF allowed us to deliver multiple solutions for consolidation, reporting, forecasting and tax data collection schedules in one application all with unique and relevant account and dimension structures for each business and each business process,” says Brad Sheppard, Director of IT Central Services. “We now have one system owned by the office of Accounting that delivers powerful management and ad hoc reporting for management and business users. Significant benefits have been achieved around audit, controls, intercompany eliminations and currency translations. OneStream’s Guided Workflows give each business user a step by step process allows users to receive immediate visibility to their results while delivering accurate and timely financials to the central team. This has been a huge benefit to the business. Our financial statement closing process is faster and easier and we can deliver reports, dashboards and Excel analysis to the right people at the right time. Key to this transition has been the user workspaces and dashboards that are owned by Finance and replaced our custom IT reporting solution.”

Industry

Manufacturer of flat glass, fabricated glass products, automotive glass, automotive trim and building materials

Solution Requirements

  • • Unique business unit reporting solutions for actuals and forecast
  • • 350 global users
  • • Need to replicate custom reporting system within OneStream
  • • Currency conversion process change

Implementation Partner

  • • Finit Solutions

Enterprise Performance Management

  • • Financial Consolidation & Reporting
  • • Budgeting & Forecasting
  • • Financial Data Quality Management

Key Benefits

  • • Automated currency conversion and intercompany eliminations
  • • Locations can immediately view results and analyze the business
  • • Improved cash flow reporting
  • • More detailed and powerful management reporting
  • • Faster and easier close process