Case Study: Zealand Pharma achieves compliant, transparent financial consolidation with Konsolidator

Zealand Pharma - Customer Case Study

Zealand Pharma, a Danish biotechnology company listed in the US and Denmark, faced significant challenges with data quality and compliance. Using a complex 18-tab Excel spreadsheet for consolidation introduced risks of untracked errors and unauthorized changes, making it difficult to meet SOX requirements. They turned to Konsolidator for a structured financial consolidation solution to regain control and ensure data integrity.

By implementing Konsolidator's cloud-based software, Zealand Pharma gained a transparent and fully logged consolidation process. The solution provided a clear audit trail, controlled user access, and automated key processes. This resulted in a 60% faster consolidation cycle, reclaiming three full days of work each quarter, while fully meeting SOX compliance and significantly improving data security and quality.

Zealand Pharma

Lykke Rømer

Director