Case Study: Sophion Bioscience achieves transparent, faster consolidation with Konsolidator

Sophion gains a transparent and simple process with Konsolidator

Sophion Bioscience, a Denmark-based biotechnology company with international subsidiaries, faced challenges in its financial consolidation process after splitting from its parent group. Their previous system was inflexible, making it difficult to make changes without fearing inaccuracies and a lack of transparency in their financial figures. They sought a new solution to automate processes and save time, leading them to the vendor Konsolidator and its consolidation software.

By implementing Konsolidator's cloud-based platform, Sophion gained a transparent and easily traceable financial consolidation process. The solution saved the finance team at least two hours on their monthly consolidation, eliminated skepticism about result accuracy, and enabled deeper financial analysis. Konsolidator provided a user-friendly and simple system that allowed for easy management of data and quick posting of entries, all while offering the flexibility of cloud-based access for the entire team.

Sophion Bioscience

Michelle Qvotrup

Finance Manager