Case Study: Carl Hansen & Søn achieves higher-quality financial data with Konsolidator

Carl Hansen & Søn improves financial data quality across 10 subsidiaries with Konsolidator

Carl Hansen & Søn, a Danish manufacturer of iconic design furniture operating globally with 10 subsidiaries, faced challenges with its financial consolidation process. The team relied on manual work in Excel, which was time-consuming and prone to errors, particularly when adjusting exchange rates for monthly and annual reports across the group. They sought a dedicated solution to improve data quality and efficiency, leading them to the vendor Konsolidator and its consolidation service.

By implementing Konsolidator, the financial team automated key processes such as monthly exchange rate updates and the tracking of adjustments. This solution provided a simple, dedicated system for consolidation, replacing error-prone manual entries with traceable, automated data handling. As a result, Carl Hansen & Søn achieved a significant increase in data quality and accuracy. The team at Konsolidator saved the company a great amount of time and eliminated the confusion previously caused by untracked manual corrections in Excel.

Carl Hansen & Søn