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

Zealand Pharma regains 3 days each quarter with Konsolidator

Zealand Pharma, a Danish biotechnology company, faced challenges with data quality and compliance due to its reliance on a complex and error-prone Excel spreadsheet for financial consolidation. The lack of transparency and audit trails made it difficult to meet SOX requirements. This led them to implement the Konsolidator cloud-based financial consolidation software.

Konsolidator provided a structured and transparent process where all changes are logged, ensuring data integrity and compliance. The solution reduced Zealand Pharma's consolidation time by 60%, reclaiming three full days every quarter. The finance team gained efficient, logged processes and easy auditor approval, all while benefiting from the maintenance-free advantages of a cloud-based system.

Zealand Pharma