Case Study: Fatland achieves faster, more accurate financial consolidation with Profitbase

Fatland cuts consolidation from three weeks to three minutes with Profitbase

Fatland Group, a major Norwegian meat company, faced a significant challenge with its manual, spreadsheet-based financial consolidation process. This grueling task took weeks to complete, was prone to errors, and involved compiling a high volume of intercompany transactions. The company partnered with Profitbase to implement a financial consolidation solution to automate this process and increase accuracy.

Profitbase implemented a system that automated data transfer and reporting, drastically reducing the time required for consolidation from three weeks to just three minutes. The solution provided by Profitbase also significantly increased accuracy to nearly one hundred percent and freed the finance team to focus on value-creating analysis and planning. The company is now entirely dependent on the Profitbase solution for its financial reporting.

Fatland