Case Study: AKF Group achieves faster, higher-quality financial consolidation with Konsolidator

AKF Group gains higher data quality by automating financial consolidation

AKF Group, a Danish real estate and investment company, faced challenges with the manual and error-prone financial consolidation process for its growing group of 45 companies. To bring the annual accounting process in-house and improve data quality, the company sought a new solution and turned to the vendor Konsolidator for its financial consolidation software.

By implementing Konsolidator, AKF Group automated its financial consolidation, eliminating manual processes like intercompany eliminations. This resulted in a dramatic 50% reduction in the time spent on consolidation, from a full day to just a couple of hours. The solution from Konsolidator also provided higher quality data and error identification, enabling the team to rely more on their reporting. Furthermore, the cloud-based nature of Konsolidator meant AKF incurred no software maintenance costs and could easily visualize data using the Konnect add-on for Power BI and Excel reporting.

AKF Group

Martin Lyders Larsen

Financial Controller