Case Study: BROEN-LAB cuts financial consolidation time in half with Konsolidator

BROEN-LAB cuts monthly financial consolidation time by 50% with Konsolidator

BROEN-LAB A/S, a manufacturer of lab equipment and emergency shower systems with five subsidiaries, faced challenges with a time-consuming and manual financial consolidation process in Excel. This prompted them to seek an automated solution from vendor Konsolidator.

By implementing Konsolidator's cloud-based financial consolidation software, the process was automated, eliminating manual intercompany eliminations and exchange rate adjustments. This solution cut their monthly consolidation time by 50%, saving 1-2 working days each quarter. The team gained confidence in data accuracy thanks to a full audit trail and now uses the saved time for deeper financial analysis and reporting.

BROEN-LAB