Case Study: BROEN-LAB cuts financial consolidation time by 50% with Konsolidator

BROEN-LAB - Customer Case Study

BROEN-LAB A/S, a manufacturer of lab equipment and emergency shower systems, struggled with a time-consuming and error-prone financial consolidation process using Excel. The company, which handles multiple currencies, faced challenges with exchange rate adjustments, intercompany eliminations, and a lack of a clear audit trail. This prompted them to seek an automated solution from vendor Konsolidator.

By implementing Konsolidator's cloud-based financial consolidation software, the process was fully automated. This provided a clear overview, an accurate audit trail, and automatic currency adjustments. As a result, Konsolidator helped BROEN-LAB cut their monthly consolidation time by 50%, saving 1-2 working days per quarter and giving the finance team greater confidence in their numbers.

BROEN-LAB

Xin Zhuo

Chief Financial Officer