Host Analytics announced that Genlyte Group, Inc. is using Host Consolidator to simplify the financial consolidation process and improve financial reporting accuracy.
Host Analytics, the leader in on-demand Business Performance Management software solutions, today announced that Genlyte Group, Inc., a leading manufacturer of lighting fixtures, controls, and related products for the commercial, industrial and residential markets, is using Host Consolidator to simplify the financial consolidation process and improve financial reporting accuracy.
Genlyte Group is a publicly traded, fast-growing, $1.6 billion dollar manufacturing company with over 17 decentralized divisions. Over the past few years, the company has grown through acquisitions and required a way to consolidate financials from their 17 disparate divisions and report their numbers to their shareholders and Wall Street. The company turned to Host Analytics and implemented Host Consolidator to ease the financial consolidation process. Each division now sends their month-end closing numbers to corporate where all of the data is consolidated into Host Consolidator. [Read more…]