Case Study: Carlsberg Group cuts three weeks from financial reporting with Workiva and Deloitte

Carlsberg Group cuts reporting cycle by three weeks with Workiva

The Carlsberg Group, a global brewing leader, faced significant challenges in maintaining consistency and timeliness across its dual annual financial reporting process. Their manual methods were time-intensive and left them vulnerable to risks from external disruptions, making it difficult to publish two connected reports simultaneously. To address this, Carlsberg partnered with Workiva, utilizing its platform for financial reporting with implementation support from Deloitte.

By implementing the Workiva platform, Carlsberg was able to work on both reports concurrently, linking data and text to ensure consistency. The solution significantly accelerated their review and auditing processes through enhanced collaboration tools. The measurable impact was substantial: Workiva helped Carlsberg cut three weeks from their reporting cycle, increase the quality of their output, and achieve greater efficiency, allowing the team to be more ambitious with future reporting initiatives.

Carlsberg Group